Federated Hermes Inc. decreased its holdings in shares of CBIZ, Inc. (NYSE:CBZ – Free Report) by 92.5% during the 4th quarter, Holdings Channel reports. The firm owned 779 shares of the business services provider’s stock after selling 9,589 shares during the quarter. Federated Hermes Inc.’s holdings in CBIZ were worth $49,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in CBZ. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of CBIZ by 46.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,760 shares of the business services provider’s stock worth $673,000 after buying an additional 3,404 shares during the period. Mackenzie Financial Corp acquired a new position in shares of CBIZ during the fourth quarter valued at about $233,000. Simplicity Solutions LLC bought a new position in shares of CBIZ during the 4th quarter worth about $238,000. Bleakley Financial Group LLC acquired a new stake in shares of CBIZ in the 4th quarter valued at about $238,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of CBIZ by 6.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,229 shares of the business services provider’s stock valued at $1,454,000 after buying an additional 1,325 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.
CBIZ Stock Performance
NYSE CBZ opened at $74.61 on Tuesday. The company has a market cap of $3.74 billion, a P/E ratio of 30.21 and a beta of 0.87. The company has a fifty day simple moving average of $75.59 and a 200 day simple moving average of $66.16. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50. CBIZ, Inc. has a 12-month low of $49.13 and a 12-month high of $79.55.
Analyst Ratings Changes
Separately, StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a report on Friday, April 26th.
Read Our Latest Stock 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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