Versor Investments LP Purchases Shares of 7,780 CBIZ, Inc. (NYSE:CBZ)

Versor Investments LP acquired a new position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,780 shares of the business services provider's stock, valued at approximately $637,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. VisionPoint Advisory Group LLC acquired a new position in shares of CBIZ during the fourth quarter worth about $60,000. Quarry LP lifted its stake in shares of CBIZ by 6,335.3% in the third quarter. Quarry LP now owns 1,094 shares of the business services provider's stock worth $74,000 after acquiring an additional 1,077 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of CBIZ in the fourth quarter worth about $110,000. KBC Group NV lifted its stake in shares of CBIZ by 29.7% in the third quarter. KBC Group NV now owns 1,553 shares of the business services provider's stock worth $105,000 after acquiring an additional 356 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of CBIZ by 16.1% in the third quarter. US Bancorp DE now owns 1,796 shares of the business services provider's stock worth $121,000 after acquiring an additional 249 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CBZ. StockNews.com cut CBIZ from a "hold" rating to a "sell" rating in a research note on Tuesday, February 25th. William Blair restated an "outperform" rating on shares of CBIZ in a research note on Thursday.

CBIZ Stock Down 1.7 %

NYSE CBZ traded down $1.36 on Monday, hitting $76.81. 361,259 shares of the stock traded hands, compared to its average volume of 281,116. The company has a market capitalization of $3.85 billion, a P/E ratio of 32.55 and a beta of 0.95. The stock has a 50-day moving average of $84.09 and a 200 day moving average of $76.59. CBIZ, Inc. has a twelve month low of $62.65 and a twelve month high of $90.13. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36.

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.