CBIZ, Inc. (NYSE:CBZ) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in CBIZ, Inc. (NYSE:CBZ) by 23.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,803 shares of the business services provider’s stock after acquiring an additional 8,014 shares during the period. Wells Fargo & Company MN owned about 0.09% of CBIZ worth $3,503,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Royce & Associates LP grew its stake in CBIZ by 7.0% during the 4th quarter. Royce & Associates LP now owns 208,919 shares of the business services provider’s stock worth $17,096,000 after purchasing an additional 13,738 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of CBIZ by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider’s stock worth $43,851,000 after buying an additional 10,550 shares in the last quarter. Retirement Systems of Alabama grew its position in shares of CBIZ by 10.3% during the third quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider’s stock worth $5,800,000 after buying an additional 8,032 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of CBIZ by 13.1% during the fourth quarter. Principal Financial Group Inc. now owns 31,523 shares of the business services provider’s stock worth $2,580,000 after buying an additional 3,663 shares during the period. Finally, King Luther Capital Management Corp raised its holdings in CBIZ by 11.3% in the fourth quarter. King Luther Capital Management Corp now owns 82,135 shares of the business services provider’s stock valued at $6,721,000 after acquiring an additional 8,365 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CBZ shares. StockNews.com downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. William Blair reissued an “outperform” rating on shares of CBIZ in a report on Thursday, February 27th.

CBIZ Stock Performance

Shares of CBZ opened at $75.89 on Wednesday. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 32.16 and a beta of 0.90. CBIZ, Inc. has a 52-week low of $62.66 and a 52-week high of $90.13. 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 stock has a 50 day moving average price of $76.21 and a 200 day moving average price of $77.84.

Insider Transactions at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $71.75, for a total transaction of $468,240.50. Following the sale, the director now owns 41,759 shares in the company, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.95% of the company’s stock.

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.