Swiss National Bank lowered its position in CBIZ, Inc. (NYSE:CBZ – Free Report) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,300 shares of the business services provider’s stock after selling 10,800 shares during the quarter. Swiss National Bank’s holdings in CBIZ were worth $5,527,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Fortis Group Advisors LLC bought a new stake in shares of CBIZ in the 3rd quarter valued at approximately $45,000. Exchange Traded Concepts LLC bought a new stake in CBIZ in the fourth quarter worth approximately $172,000. Mackenzie Financial Corp acquired a new position in shares of CBIZ during the 4th quarter worth $233,000. Bleakley Financial Group LLC bought a new position in shares of CBIZ during the 4th quarter valued at $238,000. Finally, Simplicity Solutions LLC acquired a new stake in shares of CBIZ in the 4th quarter valued at $238,000. 87.44% of the stock is owned by institutional investors and hedge funds.
CBIZ Trading Up 0.8 %
Shares of CBZ stock opened at $77.99 on Friday. CBIZ, Inc. has a 12 month low of $49.15 and a 12 month high of $79.55. The company has a market cap of $3.91 billion, a PE ratio of 31.57 and a beta of 0.87. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $75.73 and its two-hundred day moving average is $67.56.
Analysts Set New Price Targets
Separately, StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a report on Friday, April 26th.
Check Out Our Latest Research Report on CBIZ
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.
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