CBIZ (NYSE:CBZ) Receives "Outperform" Rating from William Blair

CBIZ (NYSE:CBZ - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at William Blair in a report issued on Thursday,RTT News reports.

Separately, StockNews.com lowered CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th.

CBIZ Trading Down 1.7 %

NYSE:CBZ traded down $1.36 on Thursday, hitting $76.81. 361,259 shares of the stock were exchanged, compared to its average volume of 281,116. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 32.55 and a beta of 0.95. CBIZ has a 52 week low of $62.65 and a 52 week high of $90.13. The company's 50-day moving average price is $84.16 and its 200 day moving average price is $76.54. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49.

Hedge Funds Weigh In On CBIZ

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of CBIZ by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 4,716,456 shares of the business services provider's stock worth $385,948,000 after buying an additional 43,784 shares in the last quarter. Burgundy Asset Management Ltd. increased its position in CBIZ by 1.5% during the 4th quarter. Burgundy Asset Management Ltd. now owns 2,081,380 shares of the business services provider's stock valued at $170,319,000 after purchasing an additional 31,253 shares during the period. Capital World Investors grew its stake in CBIZ by 37.6% in the fourth quarter. Capital World Investors now owns 1,134,585 shares of the business services provider's stock worth $92,843,000 after purchasing an additional 309,785 shares during the period. State Street Corp boosted its position 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 worth $76,095,000 after purchasing an additional 10,555 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of CBIZ by 1.1% during 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 buying an additional 11,615 shares during the last quarter. Institutional investors own 87.44% 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.