Teacher Retirement System of Texas Buys Shares of 5,919 CBIZ, Inc. (NYSE:CBZ)

Teacher Retirement System of Texas purchased a new position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,919 shares of the business services provider's stock, valued at approximately $484,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Xponance Inc. lifted its position in shares of CBIZ by 9.6% during the 4th quarter. Xponance Inc. now owns 3,425 shares of the business services provider's stock worth $280,000 after purchasing an additional 299 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of CBIZ by 128.6% during the fourth quarter. Intech Investment Management LLC now owns 23,064 shares of the business services provider's stock worth $1,887,000 after purchasing an additional 12,974 shares during the last quarter. Kensington Investment Counsel LLC increased its position in shares of CBIZ by 0.7% during the fourth quarter. Kensington Investment Counsel LLC now owns 20,211 shares of the business services provider's stock worth $1,654,000 after purchasing an additional 132 shares in the last quarter. Cibc World Markets Corp purchased a new stake in shares of CBIZ in the 4th quarter valued at about $367,000. Finally, Corient Private Wealth LLC boosted its position in shares of CBIZ by 1.4% in the 4th quarter. Corient Private Wealth LLC now owns 9,510 shares of the business services provider's stock valued at $778,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors own 87.44% of the company's stock.

Insiders Place Their Bets

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total value of $468,240.50. Following the sale, the director now owns 41,759 shares of the company's stock, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CBZ has been the subject of a number of research reports. StockNews.com cut CBIZ from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. William Blair reiterated an "outperform" rating on shares of CBIZ in a research note on Thursday, February 27th.

CBIZ Stock Performance

CBZ stock traded down $1.36 during trading on Friday, hitting $72.50. The company had a trading volume of 677,712 shares, compared to its average volume of 322,890. CBIZ, Inc. has a 1-year low of $62.66 and a 1-year high of $90.13. The firm has a 50-day moving average price of $79.31 and a 200-day moving average price of $77.03. 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 firm has a market cap of $3.90 billion, a PE ratio of 30.72 and a beta of 0.90.

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.