Envestnet Asset Management Inc. Purchases 4,145 Shares of CBIZ, Inc. (NYSE:CBZ)

Envestnet Asset Management Inc. raised its position in CBIZ, Inc. (NYSE:CBZ) by 5.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 74,964 shares of the business services provider’s stock after acquiring an additional 4,145 shares during the period. Envestnet Asset Management Inc. owned about 0.15% of CBIZ worth $6,134,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in CBIZ by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 4,716,456 shares of the business services provider’s stock worth $385,948,000 after purchasing an additional 43,784 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of CBIZ by 7.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 704,888 shares of the business services provider’s stock valued at $47,432,000 after acquiring an additional 48,979 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of CBIZ by 2.0% in 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. Neumeier Poma Investment Counsel LLC raised its holdings in CBIZ by 2.4% during the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 456,062 shares of the business services provider’s stock worth $37,320,000 after acquiring an additional 10,862 shares in the last quarter. Finally, Geneva Capital Management LLC boosted its position in CBIZ by 49.7% during the fourth quarter. Geneva Capital Management LLC now owns 423,407 shares of the business services provider’s stock valued at $34,647,000 after purchasing an additional 140,493 shares during the last quarter. 87.44% of the stock is owned by institutional investors.

CBIZ Price Performance

Shares of NYSE CBZ opened at $74.62 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average price is $76.45 and its two-hundred day moving average price is $77.85. The company has a market cap of $4.03 billion, a PE ratio of 31.62 and a beta of 0.90. CBIZ, Inc. has a twelve month low of $62.66 and a twelve month high of $90.13.

Insider Transactions at CBIZ

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $71.75, for a total value of $468,240.50. Following the transaction, the director now owns 41,759 shares in the company, valued at approximately $2,996,208.25. This represents a 13.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.95% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CBZ. William Blair reiterated an “outperform” rating on shares of CBIZ in a research note on Thursday, February 27th. StockNews.com lowered shares of CBIZ from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th.

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.