CBIZ, Inc. (NYSE:CBZ) Shares Acquired by Summit Creek Advisors LLC

Summit Creek Advisors LLC raised its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 304,076 shares of the business services provider's stock after purchasing an additional 50,435 shares during the period. CBIZ accounts for approximately 3.3% of Summit Creek Advisors LLC's investment portfolio, making the stock its 5th biggest holding. Summit Creek Advisors LLC owned about 0.61% of CBIZ worth $24,883,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CBZ. Victory Capital Management Inc. increased its holdings in shares of CBIZ by 22.2% during the third quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider's stock valued at $3,226,000 after acquiring an additional 8,695 shares in the last quarter. Quest Partners LLC increased its stake in CBIZ by 710.8% during the 3rd quarter. Quest Partners LLC now owns 3,746 shares of the business services provider's stock valued at $252,000 after purchasing an additional 3,284 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of CBIZ by 14.1% in the third quarter. Pathstone Holdings LLC now owns 23,645 shares of the business services provider's stock worth $1,591,000 after buying an additional 2,927 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of CBIZ during the third quarter worth $679,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of CBIZ by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 525,330 shares of the business services provider's stock worth $35,349,000 after buying an additional 9,872 shares during the period. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on CBZ shares. StockNews.com cut CBIZ from a "hold" rating to a "sell" rating in a research report on Tuesday, February 25th. William Blair reiterated an "outperform" rating on shares of CBIZ in a research report on Thursday, February 27th.

Insider Activity

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was 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 $2,996,208.25. This trade represents a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.40% of the company's stock.

CBIZ Stock Performance

NYSE CBZ traded down $0.14 on Friday, reaching $75.05. 280,765 shares of the company's stock traded hands, compared to its average volume of 317,538. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 31.80 and a beta of 0.99. The stock has a 50 day moving average price of $80.27 and a 200-day moving average price of $76.68.

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.