CBIZ, Inc. (NYSE:CBZ) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC cut its holdings in CBIZ, Inc. (NYSE:CBZ) by 0.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,776 shares of the business services provider’s stock after selling 150 shares during the quarter. Commonwealth Equity Services LLC’s holdings in CBIZ were worth $1,536,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CBZ. Arizona State Retirement System increased its position in CBIZ by 1.0% during the fourth quarter. Arizona State Retirement System now owns 13,112 shares of the business services provider’s stock worth $1,073,000 after buying an additional 125 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of CBIZ by 7.2% during the fourth quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider’s stock valued at $208,000 after acquiring an additional 170 shares during the last quarter. Smartleaf Asset Management LLC increased 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 purchasing an additional 276 shares in the last quarter. Rhumbline Advisers raised its stake in CBIZ by 0.7% in the 4th quarter. Rhumbline Advisers now owns 69,662 shares of the business services provider’s stock valued at $5,700,000 after purchasing an additional 452 shares during the last quarter. Finally, KBC Group NV lifted its holdings in CBIZ by 30.1% in the 4th 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 in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Transactions at CBIZ

In related 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 value of $468,240.50. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.40% of the company’s stock.

CBIZ Stock Performance

NYSE CBZ opened at $75.05 on Friday. The business’s 50-day moving average price is $80.27 and its 200 day moving average price is $76.76. 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 twelve month low of $62.66 and a twelve month high of $90.13. The company has a market capitalization of $4.03 billion, a PE ratio of 31.80 and a beta of 0.99.

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.