Artemis Investment Management LLP increased its stake in CBIZ, Inc. (NYSE:CBZ – Free Report) by 22.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 332,534 shares of the business services provider’s stock after buying an additional 61,754 shares during the quarter. Artemis Investment Management LLP owned approximately 0.66% of CBIZ worth $22,376,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in CBIZ by 36.3% in the first quarter. Vanguard Group Inc. now owns 3,705,090 shares of the business services provider’s stock valued at $290,850,000 after acquiring an additional 986,774 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of CBIZ by 309.4% in the 1st quarter. Capital Research Global Investors now owns 3,128,738 shares of the business services provider’s stock valued at $245,606,000 after purchasing an additional 2,364,545 shares during the period. Burgundy Asset Management Ltd. raised its holdings in shares of CBIZ by 1.8% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,220,013 shares of the business services provider’s stock valued at $164,503,000 after purchasing an additional 40,215 shares during the period. Capital World Investors acquired a new stake in CBIZ in the 1st quarter valued at about $40,590,000. Finally, Goldman Sachs Group Inc. grew its holdings in CBIZ by 12.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 507,824 shares of the business services provider’s stock worth $31,785,000 after purchasing an additional 54,573 shares during the period. 87.44% of the stock is owned by institutional investors.
CBIZ Stock Up 0.2 %
Shares of CBZ opened at $64.73 on Wednesday. The firm has a market cap of $3.24 billion, a P/E ratio of 26.21 and a beta of 0.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.48. CBIZ, Inc. has a 52 week low of $49.15 and a 52 week high of $86.36. The firm’s 50-day simple moving average is $68.77 and its 200 day simple moving average is $73.93.
Analyst Ratings Changes
A number of analysts have recently issued reports on CBZ shares. Sidoti raised CBIZ from a “neutral” rating to a “buy” rating and raised their price objective for the company from $80.00 to $86.00 in a research report on Monday, August 12th. StockNews.com downgraded CBIZ from a “hold” rating to a “sell” rating in a report on Thursday, September 5th.
Read Our Latest Research Report on CBZ
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.
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