Rhumbline Advisers Purchases 452 Shares of CBIZ, Inc. (NYSE:CBZ)

Rhumbline Advisers raised its position in shares of CBIZ, Inc. (NYSE:CBZ) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,662 shares of the business services provider’s stock after buying an additional 452 shares during the period. Rhumbline Advisers owned about 0.14% of CBIZ worth $5,700,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Creative Planning raised its stake in CBIZ by 10.2% in the third quarter. Creative Planning now owns 17,562 shares of the business services provider’s stock worth $1,182,000 after buying an additional 1,630 shares in the last quarter. Signaturefd LLC grew its holdings in shares of CBIZ by 55.8% during the 3rd 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. Assenagon Asset Management S.A. grew its holdings in shares of CBIZ by 70.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 36,800 shares of the business services provider’s stock worth $2,476,000 after acquiring an additional 15,200 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of CBIZ by 1.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,514 shares of the business services provider’s stock worth $1,111,000 after acquiring an additional 279 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of CBIZ by 16.1% in the 3rd quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 249 shares during the period. Institutional investors own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday.

CBIZ Stock Performance

CBZ opened at $80.85 on Thursday. CBIZ, Inc. has a 12-month low of $62.65 and a 12-month high of $90.13. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 34.26 and a beta of 0.95. 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 company’s 50 day moving average is $84.27 and its 200 day moving average is $76.34.

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.