Wellington Management Group LLP Makes New Investment in CBIZ, Inc. (NYSE:CBZ)

Wellington Management Group LLP acquired a new position in CBIZ, Inc. (NYSE:CBZ - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 401,552 shares of the business services provider's stock, valued at approximately $32,859,000. Wellington Management Group LLP owned about 0.80% of CBIZ at the end of the most recent quarter.

Several other large investors have also modified their holdings of CBZ. Smartleaf Asset Management LLC raised its holdings in CBIZ by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider's stock worth $53,000 after acquiring an additional 276 shares during the period. VisionPoint Advisory Group LLC bought a new position in shares of CBIZ in the fourth quarter worth about $60,000. Quarry LP lifted its position in shares of CBIZ by 6,335.3% during the 3rd 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 bought a new stake in CBIZ during the 4th quarter valued at approximately $110,000. Finally, KBC Group NV increased its position in CBIZ by 30.1% in the 4th quarter. KBC Group NV now owns 2,021 shares of the business services provider's stock worth $165,000 after buying an additional 468 shares during the period. 87.44% of the stock is owned by institutional investors.

Insider Transactions at CBIZ

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the firm'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 completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CBZ shares. William Blair reissued an "outperform" rating on shares of CBIZ in a research report on Thursday, February 27th. StockNews.com downgraded shares of CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th.

CBIZ Stock Performance

CBZ traded up $2.37 on Friday, hitting $77.81. 360,726 shares of the stock traded hands, compared to its average volume of 327,225. The business has a fifty day moving average price of $77.64 and a two-hundred day moving average price of $77.29. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $4.21 billion, a PE ratio of 32.97 and a beta of 0.90. CBIZ, Inc. has a 52 week low of $62.66 and a 52 week high of $90.13.

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.