CBIZ (NYSE:CBZ) Rating Lowered to “Sell” at StockNews.com

CBIZ (NYSE:CBZ) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

CBIZ Trading Down 5.2 %

Shares of CBZ opened at $80.85 on Tuesday. 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 firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 34.26 and a beta of 0.95. The company has a 50-day moving average of $84.27 and a 200 day moving average of $76.34. CBIZ has a 1-year low of $62.65 and a 1-year high of $90.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. McIlrath & Eck LLC raised its position in CBIZ by 193.2% during the 4th quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 367 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of CBIZ by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider’s stock valued at $53,000 after buying an additional 276 shares during the period. VisionPoint Advisory Group LLC bought a new stake in shares of CBIZ in the fourth quarter valued at about $60,000. Signaturefd LLC lifted its stake in CBIZ by 55.8% in the third quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock worth $65,000 after acquiring an additional 344 shares during the period. Finally, Quarry LP grew its holdings in 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 acquiring an additional 1,077 shares in 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.