CBIZ (NYSE:CBZ) Reaches New 52-Week High – Should You Buy?

Shares of CBIZ, Inc. (NYSE:CBZ) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $87.09 and last traded at $86.91, with a volume of 15420 shares. The stock had previously closed at $85.74.

Analyst Ratings Changes

Separately, StockNews.com raised CBIZ from a “sell” rating to a “hold” rating in a report on Friday, December 27th.

CBIZ Trading Up 2.0 %

The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 37.06 and a beta of 0.95. The business’s 50-day moving average price is $82.43 and its 200 day moving average price is $75.25. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49.

Hedge Funds Weigh In On CBIZ

Institutional investors and hedge funds have recently made changes to their positions in the business. VisionPoint Advisory Group LLC bought a new position in CBIZ during the 4th quarter worth approximately $60,000. Signaturefd LLC raised its stake in CBIZ by 55.8% during the 3rd quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 344 shares in the last quarter. Quarry LP lifted its holdings in CBIZ by 6,335.3% in the third quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock worth $74,000 after purchasing an additional 1,077 shares during the period. Venturi Wealth Management LLC bought a new position in CBIZ in the 4th quarter valued at about $110,000. Finally, KBC Group NV raised 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 buying an additional 356 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

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.