CBIZ, Inc. (NYSE:CBZ) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in CBIZ, Inc. (NYSE:CBZ) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 535,880 shares of the business services provider’s stock after purchasing an additional 10,550 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.07% of CBIZ worth $43,851,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CBZ. US Bancorp DE boosted its holdings in CBIZ by 16.1% in the third 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 in the last quarter. Principal Financial Group Inc. boosted its holdings in 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 in the last quarter. State of New Jersey Common Pension Fund D acquired a new position in CBIZ in the third quarter valued at approximately $1,865,000. Victory Capital Management Inc. boosted its holdings in CBIZ by 22.2% in the third quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider’s stock valued at $3,226,000 after purchasing an additional 8,695 shares in the last quarter. Finally, KBC Group NV boosted its holdings in CBIZ by 29.7% in the third quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 356 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total transaction of $468,240.50. Following the completion of the sale, the director now owns 41,759 shares in the company, valued at $2,996,208.25. This represents a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.40% of the stock is owned by company insiders.

CBIZ Price Performance

Shares of NYSE CBZ opened at $69.45 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ, Inc. has a twelve month low of $62.66 and a twelve month high of $90.13. The stock has a 50 day moving average of $82.38 and a two-hundred day moving average of $76.53. The stock has a market cap of $3.73 billion, a P/E ratio of 29.43 and a beta of 0.99.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CBZ shares. William Blair reiterated an “outperform” rating on shares of CBIZ in a research note on Thursday, February 27th. StockNews.com cut CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th.

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.