CBIZ, Inc. (NYSE:CBZ) Short Interest Down 6.9% in January

CBIZ, Inc. (NYSE:CBZ - Get Free Report) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 1,350,000 shares, a decrease of 6.9% from the January 15th total of 1,450,000 shares. Based on an average trading volume of 291,400 shares, the short-interest ratio is currently 4.6 days. Currently, 2.8% of the company's stock are short sold.

Institutional Trading of CBIZ

Institutional investors have recently modified their holdings of the company. McIlrath & Eck LLC increased its position in shares of CBIZ by 193.2% in the fourth quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider's stock valued at $46,000 after acquiring an additional 367 shares during the last quarter. Smartleaf Asset Management LLC increased its stake 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 worth $53,000 after purchasing an additional 276 shares during the period. VisionPoint Advisory Group LLC acquired a new stake in CBIZ during the fourth quarter worth approximately $60,000. Signaturefd LLC grew its position in CBIZ by 55.8% during the third quarter. Signaturefd LLC now owns 961 shares of the business services provider's stock worth $65,000 after buying an additional 344 shares in the last quarter. Finally, Quarry LP boosted its holdings 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 purchasing an additional 1,077 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised CBIZ from a "sell" rating to a "hold" rating in a report on Friday, December 27th.

CBIZ Price Performance

CBZ stock traded down $1.59 during midday trading on Friday, reaching $83.89. 513,907 shares of the company's stock traded hands, compared to its average volume of 249,929. The company has a 50-day simple moving average of $84.01 and a two-hundred day simple moving average of $75.88. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 35.55 and a beta of 0.95. CBIZ has a 1-year low of $62.65 and a 1-year high of $89.25. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36.

About CBIZ

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.