Xponance Inc. Purchases 299 Shares of CBIZ, Inc. (NYSE:CBZ)

Xponance Inc. grew its position in shares of CBIZ, Inc. (NYSE:CBZ) by 9.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,425 shares of the business services provider’s stock after acquiring an additional 299 shares during the period. Xponance Inc.’s holdings in CBIZ were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CBZ. Pathstone Holdings LLC raised its position in CBIZ by 14.1% during the 3rd quarter. Pathstone Holdings LLC now owns 23,645 shares of the business services provider’s stock valued at $1,591,000 after purchasing an additional 2,927 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of CBIZ during the third quarter valued at approximately $679,000. Charles Schwab Investment Management Inc. lifted its stake in CBIZ by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 525,330 shares of the business services provider’s stock worth $35,349,000 after acquiring an additional 9,872 shares during the period. Citigroup Inc. boosted its holdings in CBIZ by 205.1% in the third quarter. Citigroup Inc. now owns 53,204 shares of the business services provider’s stock valued at $3,580,000 after acquiring an additional 35,768 shares in the last quarter. Finally, Cerity Partners LLC increased its position in CBIZ by 26.6% during the 3rd quarter. Cerity Partners LLC now owns 13,636 shares of the business services provider’s stock valued at $918,000 after purchasing an additional 2,861 shares during the period. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

CBIZ Stock Performance

Shares of CBZ stock opened at $75.19 on Friday. The company’s fifty day moving average price is $80.45 and its 200-day moving average price is $76.61. The stock has a market cap of $4.04 billion, a PE ratio of 31.86 and a beta of 0.99. The company has a current ratio of 1.49, a quick 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.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

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

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.