Bank of New York Mellon Corp Has $12.28 Million Holdings in CBIZ, Inc. (NYSE:CBZ)

Bank of New York Mellon Corp decreased its holdings in CBIZ, Inc. (NYSE:CBZ) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,082 shares of the business services provider’s stock after selling 617 shares during the period. Bank of New York Mellon Corp owned about 0.30% of CBIZ worth $12,281,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. US Bancorp DE raised its stake in 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 period. Principal Financial Group Inc. raised its position in shares of CBIZ by 25.8% in the third quarter. Principal Financial Group Inc. now owns 27,860 shares of the business services provider’s stock valued at $1,875,000 after purchasing an additional 5,717 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in shares of CBIZ during the 3rd quarter worth about $1,865,000. Victory Capital Management Inc. lifted its stake in shares of CBIZ by 22.2% during the 3rd quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider’s stock worth $3,226,000 after buying an additional 8,695 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of CBIZ by 29.7% during the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock worth $105,000 after buying an additional 356 shares during the period. 87.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CBZ has been the topic of several research analyst reports. StockNews.com cut shares of CBIZ from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. William Blair reiterated an “outperform” rating on shares of CBIZ in a research note on Thursday, February 27th.

CBIZ Trading Down 0.3 %

CBZ opened at $68.46 on Friday. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 29.01 and a beta of 0.99. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ, Inc. has a twelve month low of $62.65 and a twelve month high of $90.13. The company has a 50-day simple moving average of $82.63 and a 200 day simple moving average of $76.59.

Insider Buying and Selling at CBIZ

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total value of $468,240.50. Following the completion of the transaction, the director now directly owns 41,759 shares in the company, valued at approximately $2,996,208.25. This represents a 13.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.40% 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.