Segall Bryant & Hamill LLC Acquires 24,622 Shares of CBIZ, Inc. (NYSE:CBZ)

Segall Bryant & Hamill LLC raised its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 19.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 148,521 shares of the business services provider's stock after purchasing an additional 24,622 shares during the quarter. Segall Bryant & Hamill LLC owned 0.30% of CBIZ worth $12,153,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Smartleaf Asset Management LLC grew its holdings in shares of CBIZ by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider's stock valued at $53,000 after buying an additional 276 shares in the last quarter. VisionPoint Advisory Group LLC bought a new position in CBIZ during the fourth quarter valued at about $60,000. Quarry LP raised its stake in shares of CBIZ by 6,335.3% in the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider's stock valued at $74,000 after acquiring an additional 1,077 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of CBIZ in the fourth quarter worth $110,000. Finally, KBC Group NV grew its position in shares of CBIZ by 30.1% in the fourth quarter. KBC Group NV now owns 2,021 shares of the business services provider's stock valued at $165,000 after purchasing an additional 468 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

Insider Transactions at CBIZ

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total transaction of $468,240.50. Following the sale, the director now directly owns 41,759 shares of the company's stock, valued at approximately $2,996,208.25. This represents a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 5.40% of the stock is owned by insiders.

CBIZ Trading Down 0.2 %

CBIZ stock traded down $0.14 during midday trading on Friday, hitting $75.05. 280,765 shares of the stock were exchanged, compared to its average volume of 317,538. The stock has a market capitalization of $4.03 billion, a PE ratio of 31.80 and a beta of 0.99. CBIZ, Inc. has a 52 week low of $62.66 and a 52 week high of $90.13. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $80.27 and a two-hundred day simple moving average of $76.84.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CBZ shares. William Blair reiterated an "outperform" rating on shares of CBIZ in a research note on Thursday, February 27th. StockNews.com downgraded shares of CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th.

CBIZ Profile

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.