Bleakley Financial Group LLC bought a new stake in CBIZ, Inc. (NYSE:CBZ – Free Report) in the fourth quarter, HoldingsChannel.com reports. The firm bought 3,805 shares of the business services provider’s stock, valued at approximately $238,000.
Other institutional investors also recently modified their holdings of the company. MetLife Investment Management LLC lifted its position in CBIZ by 60.8% during the first quarter. MetLife Investment Management LLC now owns 26,273 shares of the business services provider’s stock worth $1,103,000 after purchasing an additional 9,933 shares during the period. Aviva PLC bought a new stake in CBIZ during the first quarter worth about $1,557,000. Vanguard Group Inc. lifted its position in CBIZ by 0.9% during the first quarter. Vanguard Group Inc. now owns 2,551,939 shares of the business services provider’s stock worth $107,105,000 after purchasing an additional 23,498 shares during the period. Prudential Financial Inc. bought a new stake in CBIZ during the first quarter worth about $1,203,000. Finally, Charles Schwab Investment Management Inc. lifted its position in CBIZ by 2.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 495,903 shares of the business services provider’s stock worth $20,814,000 after purchasing an additional 13,262 shares during the period. Institutional investors own 87.44% of the company’s stock.
CBIZ Stock Up 0.7 %
Shares of NYSE CBZ opened at $74.50 on Tuesday. The company has a 50 day simple moving average of $74.14 and a 200 day simple moving average of $63.95. The firm has a market cap of $3.73 billion, a PE ratio of 31.30 and a beta of 0.83. CBIZ, Inc. has a 1 year low of $49.13 and a 1 year high of $79.55. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.20 and a quick ratio of 1.20.
Wall Street Analyst Weigh In
Separately, Sidoti cut shares of CBIZ from a “buy” rating to a “neutral” rating and set a $63.00 price objective for the company. in a research report on Tuesday, January 2nd.
Get Our Latest Analysis on CBIZ
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.
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