Victory Capital Management Inc. Boosts Holdings in CBIZ, Inc. (NYSE:CBZ)

Victory Capital Management Inc. increased its holdings in CBIZ, Inc. (NYSE:CBZ - Free Report) by 22.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,898 shares of the business services provider's stock after buying an additional 10,955 shares during the period. Victory Capital Management Inc. owned 0.12% of CBIZ worth $4,820,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CBZ. State Street Corp raised its holdings in shares of CBIZ by 0.9% in the 3rd quarter. State Street Corp now owns 1,130,848 shares of the business services provider's stock valued at $76,095,000 after acquiring an additional 10,555 shares in the last quarter. Geode Capital Management LLC raised its stake in CBIZ by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,109,074 shares of the business services provider's stock valued at $74,644,000 after purchasing an additional 11,615 shares in the last quarter. Premier Fund Managers Ltd lifted its position in CBIZ by 14.0% during the third quarter. Premier Fund Managers Ltd now owns 813,698 shares of the business services provider's stock valued at $54,375,000 after purchasing an additional 100,000 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of CBIZ by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 704,888 shares of the business services provider's stock worth $47,432,000 after acquiring an additional 48,979 shares during the last quarter. Finally, FMR LLC lifted its stake in CBIZ by 27.4% during the third quarter. FMR LLC now owns 594,660 shares of the business services provider's stock worth $40,015,000 after purchasing an additional 127,822 shares during the last quarter. Institutional investors own 87.44% of the company's stock.

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Insider Buying and Selling at CBIZ

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $71.75, for a total transaction of $468,240.50. Following the sale, the director now owns 41,759 shares of the company's stock, valued at $2,996,208.25. The trade was a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.40% of the company's stock.

CBIZ Trading Up 2.4 %

NYSE:CBZ traded up $1.70 during mid-day trading on Wednesday, reaching $73.74. 211,365 shares of the company's stock traded hands, compared to its average volume of 308,452. CBIZ, Inc. has a 12-month low of $62.65 and a 12-month high of $90.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The company has a 50 day moving average price of $81.76 and a 200-day moving average price of $76.58. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 31.22 and a beta of 0.99.

Wall Street Analyst Weigh In

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

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.