Avantax Advisory Services Inc. Has $388,000 Stock Holdings in CBIZ, Inc. (NYSE:CBZ)

Avantax Advisory Services Inc. lifted its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 47.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,747 shares of the business services provider’s stock after buying an additional 1,536 shares during the period. Avantax Advisory Services Inc.’s holdings in CBIZ were worth $388,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CBZ. Smartleaf Asset Management LLC grew its position in CBIZ by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider’s stock worth $53,000 after acquiring an additional 276 shares during the last quarter. VisionPoint Advisory Group LLC acquired a new stake in CBIZ in the 4th quarter valued at $60,000. Quarry LP raised its stake in shares of 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 last quarter. Venturi Wealth Management LLC purchased a new stake in CBIZ in the 4th quarter valued at about $110,000. Finally, KBC Group NV increased its holdings in CBIZ by 30.1% during the fourth quarter. KBC Group NV now owns 2,021 shares of the business services provider’s stock worth $165,000 after buying an additional 468 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analyst Ratings Changes

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

CBIZ Stock Performance

Shares of CBZ opened at $73.92 on Tuesday. CBIZ, Inc. has a 52 week low of $62.66 and a 52 week high of $90.13. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average price is $81.01 and its 200-day moving average price is $76.60. The stock has a market cap of $3.97 billion, a P/E ratio of 31.32 and a beta of 0.99.

Insiders Place Their Bets

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total transaction of $468,240.50. Following the sale, the director now owns 41,759 shares in the company, valued at approximately $2,996,208.25. This trade represents a 13.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.40% of the stock is owned by insiders.

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.