PNC Financial Services Group Inc. Has $344,000 Holdings in CBIZ, Inc. (NYSE:CBZ)

PNC Financial Services Group Inc. lessened its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,198 shares of the business services provider’s stock after selling 519 shares during the period. PNC Financial Services Group Inc.’s holdings in CBIZ were worth $344,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Arizona State Retirement System boosted its position in shares of CBIZ by 1.0% during the 4th quarter. Arizona State Retirement System now owns 13,112 shares of the business services provider’s stock worth $1,073,000 after acquiring an additional 125 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of CBIZ by 7.2% during the 4th quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider’s stock worth $208,000 after acquiring an additional 170 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of CBIZ by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider’s stock worth $53,000 after acquiring an additional 276 shares in the last quarter. KBC Group NV boosted its position 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 acquiring an additional 356 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its position in shares of CBIZ by 0.5% during the 3rd quarter. King Luther Capital Management Corp now owns 73,770 shares of the business services provider’s stock worth $4,964,000 after acquiring an additional 360 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. StockNews.com downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. William Blair reissued an “outperform” rating on shares of CBIZ in a research note on Thursday, February 27th.

Insider Activity

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total transaction of $468,240.50. Following the completion of the transaction, the director now owns 41,759 shares of the company’s stock, valued at approximately $2,996,208.25. This trade represents a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.40% of the company’s stock.

CBIZ Price Performance

Shares of NYSE:CBZ opened at $72.97 on Friday. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 30.92 and a beta of 0.99. 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 50 day simple moving average of $81.19 and a 200 day simple moving average of $76.53. CBIZ, Inc. has a one year low of $62.66 and a one year high of $90.13.

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.