Arizona State Retirement System decreased its position in shares of CBIZ, Inc. (NYSE:CBZ – Free Report) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,535 shares of the business services provider’s stock after selling 310 shares during the period. Arizona State Retirement System’s holdings in CBIZ were worth $785,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of CBZ. Deutsche Bank AG grew its stake in shares of CBIZ by 53.9% during the third quarter. Deutsche Bank AG now owns 125,341 shares of the business services provider’s stock valued at $6,505,000 after purchasing an additional 43,897 shares during the last quarter. Dark Forest Capital Management LP bought a new position in CBIZ in the third quarter valued at approximately $536,000. Vanguard Group Inc. boosted its stake in CBIZ by 1.2% in the third quarter. Vanguard Group Inc. now owns 2,667,189 shares of the business services provider’s stock valued at $138,427,000 after acquiring an additional 31,477 shares during the last quarter. Kestra Advisory Services LLC bought a new position in CBIZ in the third quarter valued at approximately $1,560,000. Finally, Burgundy Asset Management Ltd. boosted its stake in CBIZ by 8.2% in the third quarter. Burgundy Asset Management Ltd. now owns 2,039,382 shares of the business services provider’s stock valued at $105,844,000 after acquiring an additional 154,498 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.
CBIZ Trading Down 1.4 %
Shares of NYSE CBZ opened at $73.71 on Thursday. The company’s fifty day moving average is $74.50 and its 200-day moving average is $64.18. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 30.97 and a beta of 0.83. CBIZ, Inc. has a twelve month low of $49.13 and a twelve month high of $79.55. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.39.
Analyst Ratings Changes
Separately, Sidoti cut shares of CBIZ from a “buy” rating to a “neutral” rating and set a $63.00 price objective on the stock. in a research note on Tuesday, January 2nd.
Check Out Our Latest Research Report on CBZ
CBIZ 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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