William Blair Reiterates Outperform Rating for CBIZ (NYSE:CBZ)

CBIZ (NYSE:CBZ)‘s stock had its “outperform” rating reaffirmed by investment analysts at William Blair in a research report issued to clients and investors on Thursday,RTT News reports.

Separately, StockNews.com downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a research report on Tuesday.

CBIZ Stock Down 1.9 %

NYSE CBZ traded down $1.56 during trading on Thursday, reaching $79.31. The company’s stock had a trading volume of 59,951 shares, compared to its average volume of 259,981. The business has a 50-day moving average price of $84.27 and a 200-day moving average price of $76.34. CBIZ has a 1-year low of $62.65 and a 1-year high of $90.13. The stock has a market capitalization of $3.98 billion, a PE ratio of 33.56 and a beta of 0.95. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36.

Hedge Funds Weigh In On CBIZ

Several hedge funds have recently added to or reduced their stakes in the company. Retirement Systems of Alabama grew its position in shares of CBIZ by 10.3% in the 3rd quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider’s stock valued at $5,800,000 after purchasing an additional 8,032 shares during the period. Victory Capital Management Inc. grew its position in shares of CBIZ by 22.2% in the 3rd quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider’s stock valued at $3,226,000 after acquiring an additional 8,695 shares during the period. Cannon Global Investment Management LLC acquired a new stake in CBIZ during the 3rd quarter worth approximately $740,000. Quantbot Technologies LP boosted its stake in CBIZ by 960.9% in the 3rd quarter. Quantbot Technologies LP now owns 38,850 shares of the business services provider’s stock valued at $2,614,000 after purchasing an additional 35,188 shares during the period. Finally, Citigroup Inc. grew its holdings in CBIZ by 205.1% in the 3rd quarter. Citigroup Inc. now owns 53,204 shares of the business services provider’s stock valued at $3,580,000 after buying an additional 35,768 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

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.