Vanguard Group Inc. Raises Stock Holdings in CBIZ, Inc. (NYSE:CBZ)

Vanguard Group Inc. lifted its stake in CBIZ, Inc. (NYSE:CBZ) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,716,456 shares of the business services provider’s stock after purchasing an additional 43,784 shares during the period. Vanguard Group Inc. owned 0.09% of CBIZ worth $385,948,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Royce & Associates LP grew its position in CBIZ by 7.0% in the 4th quarter. Royce & Associates LP now owns 208,919 shares of the business services provider’s stock worth $17,096,000 after purchasing an additional 13,738 shares during the period. Charles Schwab Investment Management Inc. increased its position in CBIZ by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider’s stock valued at $43,851,000 after acquiring an additional 10,550 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in CBIZ by 10.3% in the third quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider’s stock valued at $5,800,000 after acquiring an additional 8,032 shares during the period. Principal Financial Group Inc. boosted its position in CBIZ by 13.1% in the fourth quarter. Principal Financial Group Inc. now owns 31,523 shares of the business services provider’s stock worth $2,580,000 after purchasing an additional 3,663 shares during the last quarter. Finally, King Luther Capital Management Corp grew its stake in shares of CBIZ by 11.3% during the 4th quarter. King Luther Capital Management Corp now owns 82,135 shares of the business services provider’s stock valued at $6,721,000 after purchasing an additional 8,365 shares during the period. 87.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CBIZ

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.40% of the company’s stock.

CBIZ Trading Down 2.0 %

Shares of NYSE:CBZ opened at $75.42 on Thursday. The stock has a 50 day moving average of $79.74 and a 200 day moving average of $76.96. The company has a market cap of $4.05 billion, a PE ratio of 31.96 and a beta of 0.99. CBIZ, Inc. has a 12-month low of $62.66 and a 12-month high of $90.13. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CBZ shares. StockNews.com downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. William Blair reissued an “outperform” rating on shares of CBIZ in a research report on Thursday, February 27th.

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.