CBIZ, Inc. (NYSE:CBZ) Shares Purchased by Royce & Associates LP

Royce & Associates LP raised its stake in CBIZ, Inc. (NYSE:CBZ) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 208,919 shares of the business services provider’s stock after buying an additional 13,738 shares during the quarter. Royce & Associates LP owned about 0.42% of CBIZ worth $17,096,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Retirement Systems of Alabama raised its stake in shares of CBIZ by 10.3% in the 3rd quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider’s stock valued at $5,800,000 after acquiring an additional 8,032 shares during the period. Victory Capital Management Inc. raised its position 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 during the period. Charles Schwab Investment Management Inc. lifted its stake in CBIZ by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider’s stock worth $43,851,000 after purchasing an additional 10,550 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of CBIZ by 13.1% during the fourth quarter. Principal Financial Group Inc. now owns 31,523 shares of the business services provider’s stock worth $2,580,000 after buying an additional 3,663 shares during the period. Finally, Quantbot Technologies LP grew its stake in shares of CBIZ by 960.9% in the third quarter. Quantbot Technologies LP now owns 38,850 shares of the business services provider’s stock valued at $2,614,000 after buying an additional 35,188 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total value of $468,240.50. Following the transaction, the director now owns 41,759 shares of the company’s stock, valued at $2,996,208.25. This represents a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 5.40% of the company’s stock.

CBIZ Price Performance

Shares of NYSE CBZ opened at $69.45 on Monday. 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 company has a market cap of $3.73 billion, a price-to-earnings ratio of 29.43 and a beta of 0.99. The stock’s 50-day moving average is $82.12 and its two-hundred day moving average is $76.60. CBIZ, Inc. has a 1-year low of $62.66 and a 1-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.