Sanctuary Advisors LLC Sells 342 Shares of CBIZ, Inc. (NYSE:CBZ)

Sanctuary Advisors LLC lessened its stake in CBIZ, Inc. (NYSE:CBZ) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,547 shares of the business services provider’s stock after selling 342 shares during the period. Sanctuary Advisors LLC’s holdings in CBIZ were worth $307,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP lifted its stake in shares of CBIZ by 6,335.3% in the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 1,077 shares during the last quarter. KBC Group NV lifted its stake in shares of CBIZ by 29.7% in the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 356 shares during the last quarter. 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 acquiring an additional 249 shares during the last quarter. Nisa Investment Advisors LLC raised its position in CBIZ by 31.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,227 shares of the business services provider’s stock valued at $182,000 after purchasing an additional 529 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in CBIZ by 7.2% during the 4th quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on CBZ shares. StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. William Blair reaffirmed an “outperform” rating on shares of CBIZ in a research report on Thursday, February 27th.

CBIZ Trading Down 1.6 %

CBZ opened at $75.55 on Wednesday. The business has a 50 day simple moving average of $84.09 and a two-hundred day simple moving average of $76.59. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 32.01 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. CBIZ, Inc. has a one year low of $62.65 and a one year high of $90.13.

About CBIZ

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.