Pacific Capital Partners Ltd Takes Position in CBIZ, Inc. (NYSE:CBZ)

Pacific Capital Partners Ltd purchased a new stake in CBIZ, Inc. (NYSE:CBZ) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 125,000 shares of the business services provider’s stock, valued at approximately $9,482,000. CBIZ comprises approximately 6.0% of Pacific Capital Partners Ltd’s investment portfolio, making the stock its 4th largest position. Pacific Capital Partners Ltd owned approximately 0.23% of CBIZ as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of CBZ. Whittier Trust Co. acquired a new position in CBIZ during the first quarter worth $34,000. McIlrath & Eck LLC lifted its stake in CBIZ by 193.2% during the 4th quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider’s stock worth $46,000 after acquiring an additional 367 shares in the last quarter. Olde Wealth Management LLC acquired a new position in CBIZ during the 1st quarter worth about $55,000. Assetmark Inc. lifted its stake in CBIZ by 19.9% during the 1st quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock worth $69,000 after acquiring an additional 150 shares in the last quarter. Finally, Huntington National Bank lifted its stake in CBIZ by 9.4% during the 4th quarter. Huntington National Bank now owns 2,220 shares of the business services provider’s stock worth $182,000 after acquiring an additional 191 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Stock Down 1.3%

Shares of NYSE CBZ opened at $75.75 on Wednesday. The stock has a market cap of $4.12 billion, a P/E ratio of 51.53 and a beta of 0.91. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.76. CBIZ, Inc. has a 12-month low of $62.65 and a 12-month high of $90.13. The business’s fifty day simple moving average is $72.37 and its 200-day simple moving average is $75.79.

Analyst Ratings Changes

Separately, William Blair reissued an “outperform” rating on shares of CBIZ in a research report on Friday, April 25th.

About CBIZ

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.