CBIZ, Inc. (NYSE:CBZ) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,716,456 shares of the business services provider's stock after buying an additional 43,784 shares during the period. Vanguard Group Inc. owned 9.40% of CBIZ worth $385,948,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in shares of CBIZ by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider's stock valued at $53,000 after purchasing an additional 276 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new stake in shares of CBIZ in the fourth quarter valued at about $60,000. Quarry LP increased its position in CBIZ by 6,335.3% during the third quarter. Quarry LP now owns 1,094 shares of the business services provider's stock worth $74,000 after purchasing an additional 1,077 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in CBIZ during the fourth quarter worth about $110,000. Finally, KBC Group NV raised its stake in CBIZ by 30.1% during the fourth quarter. KBC Group NV now owns 2,021 shares of the business services provider's stock worth $165,000 after purchasing an additional 468 shares during the period. 87.44% of the stock is owned by institutional investors and hedge funds.

CBIZ Trading Down 1.8 %

CBZ stock traded down $1.27 during mid-day trading on Monday, hitting $70.93. 551,076 shares of the company were exchanged, compared to its average volume of 323,798. CBIZ, Inc. has a 12-month low of $62.66 and a 12-month high of $90.13. The firm has a market capitalization of $3.81 billion, a P/E ratio of 30.05 and a beta of 0.90. The business has a fifty day simple moving average of $79.02 and a 200-day simple moving average of $77.13. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. William Blair restated an "outperform" rating on shares of CBIZ in a report on Thursday, February 27th. StockNews.com cut CBIZ from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th.

Insider Transactions at CBIZ

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the business's stock in a transaction 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 in the company, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.40% of the company's stock.

CBIZ Company 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.