Vanguard Group Inc. Raises Holdings in CBIZ, Inc. (NYSE:CBZ)

Vanguard Group Inc. boosted its stake in CBIZ, Inc. (NYSE:CBZ) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,716,456 shares of the business services provider’s stock after purchasing an additional 43,784 shares during the period. Vanguard Group Inc. owned about 9.40% of CBIZ worth $385,948,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geneva Capital Management LLC increased its stake in shares of CBIZ by 49.7% in the fourth quarter. Geneva Capital Management LLC now owns 423,407 shares of the business services provider’s stock worth $34,647,000 after buying an additional 140,493 shares during the period. FMR LLC raised its stake in shares of CBIZ by 27.4% during the third quarter. FMR LLC now owns 594,660 shares of the business services provider’s stock valued at $40,015,000 after acquiring an additional 127,822 shares during the last quarter. Barclays PLC boosted its holdings in shares of CBIZ by 362.1% during the third quarter. Barclays PLC now owns 78,711 shares of the business services provider’s stock worth $5,298,000 after purchasing an additional 61,679 shares during the period. Artemis Investment Management LLP grew its stake in shares of CBIZ by 18.5% in the fourth quarter. Artemis Investment Management LLP now owns 393,910 shares of the business services provider’s stock worth $32,234,000 after purchasing an additional 61,376 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in CBIZ by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 704,888 shares of the business services provider’s stock valued at $47,432,000 after purchasing an additional 48,979 shares during the period. Institutional investors own 87.44% of the company’s stock.

CBIZ Stock Down 2.0 %

CBZ stock opened at $75.42 on Thursday. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 31.96 and a beta of 0.99. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The business’s 50 day moving average price is $79.74 and its two-hundred day moving average price is $76.96. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

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

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.