William Blair Reiterates “Outperform” Rating for CBIZ (NYSE:CBZ)

CBIZ (NYSE:CBZ)‘s stock had its “outperform” rating reissued by equities research analysts at William Blair in a research report issued on Thursday,RTT News reports.

Separately, StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday.

CBIZ Trading Up 0.2 %

Shares of CBIZ stock opened at $78.24 on Thursday. CBIZ has a twelve month low of $62.65 and a twelve month high of $90.13. The firm’s 50-day moving average price is $84.16 and its 200 day moving average price is $76.42. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $3.93 billion, a PE ratio of 33.15 and a beta of 0.95.

Hedge Funds Weigh In On CBIZ

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in CBIZ by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 4,716,456 shares of the business services provider’s stock valued at $385,948,000 after acquiring an additional 43,784 shares during the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of CBIZ by 1.5% in the fourth quarter. Burgundy Asset Management Ltd. now owns 2,081,380 shares of the business services provider’s stock valued at $170,319,000 after purchasing an additional 31,253 shares during the last quarter. Capital World Investors lifted its position in CBIZ by 37.6% during the fourth quarter. Capital World Investors now owns 1,134,585 shares of the business services provider’s stock worth $92,843,000 after buying an additional 309,785 shares in the last quarter. State Street Corp boosted its stake in CBIZ by 0.9% during the third quarter. State Street Corp now owns 1,130,848 shares of the business services provider’s stock worth $76,095,000 after buying an additional 10,555 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in CBIZ by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,109,074 shares of the business services provider’s stock valued at $74,644,000 after buying an additional 11,615 shares in the last quarter. 87.44% of the stock is 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.