Victory Capital Management Inc. Has $4.82 Million Position in CBIZ, Inc. (NYSE:CBZ)

Victory Capital Management Inc. grew its stake in CBIZ, Inc. (NYSE:CBZ) by 22.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,898 shares of the business services provider’s stock after buying an additional 10,955 shares during the period. Victory Capital Management Inc. owned 0.12% of CBIZ worth $4,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. SG Americas Securities LLC increased 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 period. US Bancorp DE increased its position in shares of CBIZ by 16.1% during the third quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock worth $121,000 after buying an additional 249 shares during the period. Smartleaf Asset Management LLC increased its position in shares of CBIZ by 75.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider’s stock worth $53,000 after buying an additional 276 shares during the period. KBC Group NV raised its stake in CBIZ by 29.7% during the third 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 last quarter. Finally, King Luther Capital Management Corp lifted its holdings in CBIZ by 0.5% in the third quarter. King Luther Capital Management Corp now owns 73,770 shares of the business services provider’s stock valued at $4,964,000 after buying an additional 360 shares during the period. 87.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the firm’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 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 trade represents a 13.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CBZ. StockNews.com downgraded CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. William Blair restated an “outperform” rating on shares of CBIZ in a research note on Thursday, February 27th.

CBIZ Stock Performance

Shares of CBIZ stock opened at $69.45 on Friday. CBIZ, Inc. has a 52 week low of $62.66 and a 52 week high of $90.13. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The company has a market cap of $3.73 billion, a PE ratio of 29.43 and a beta of 0.99. The business has a 50 day moving average price of $82.12 and a 200-day moving average price of $76.55.

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.