CBIZ, Inc. (NYSE:CBZ) Stake Increased by Bridge City Capital LLC

Bridge City Capital LLC increased its stake in CBIZ, Inc. (NYSE:CBZ) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 84,479 shares of the business services provider’s stock after buying an additional 6,451 shares during the period. CBIZ comprises about 1.8% of Bridge City Capital LLC’s investment portfolio, making the stock its 13th largest position. Bridge City Capital LLC owned approximately 0.17% of CBIZ worth $6,913,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC increased its stake in shares of CBIZ by 75.0% in 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 last quarter. VisionPoint Advisory Group LLC bought a new stake in shares of CBIZ in the fourth quarter worth $60,000. Quarry LP increased its stake in CBIZ by 6,335.3% during the third quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 1,077 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in CBIZ during the fourth quarter valued at $110,000. Finally, KBC Group NV increased its stake in CBIZ by 30.1% during the fourth quarter. KBC Group NV now owns 2,021 shares of the business services provider’s stock valued at $165,000 after purchasing an additional 468 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction 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 transaction, the director now directly owns 41,759 shares of the company’s stock, valued at approximately $2,996,208.25. This trade represents a 13.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.40% of the company’s stock.

CBIZ Stock Up 0.0 %

Shares of CBIZ stock opened at $72.97 on Friday. The stock has a 50 day moving average price of $81.19 and a two-hundred day moving average price of $76.56. The stock has a market capitalization of $3.92 billion, a P/E ratio of 30.92 and a beta of 0.99. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ, Inc. has a 12-month low of $62.66 and a 12-month 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.