Versor Investments LP Buys New Position in CBIZ, Inc. (NYSE:CBZ)

Versor Investments LP bought a new stake in CBIZ, Inc. (NYSE:CBZ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,780 shares of the business services provider’s stock, valued at approximately $637,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CBZ. Creative Planning raised its stake in CBIZ by 10.2% in the third quarter. Creative Planning now owns 17,562 shares of the business services provider’s stock valued at $1,182,000 after purchasing an additional 1,630 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of CBIZ by 70.4% during the third quarter. Assenagon Asset Management S.A. now owns 36,800 shares of the business services provider’s stock worth $2,476,000 after acquiring an additional 15,200 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of CBIZ by 1.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,514 shares of the business services provider’s stock worth $1,111,000 after acquiring an additional 279 shares in the last quarter. US Bancorp DE raised its stake in shares of CBIZ by 16.1% during the third quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock worth $121,000 after acquiring an additional 249 shares in the last quarter. Finally, Cannon Global Investment Management LLC purchased a new position in shares of CBIZ during the third quarter worth approximately $740,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

CBIZ Stock Up 0.2 %

Shares of NYSE CBZ opened at $78.24 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ, Inc. has a 52 week low of $62.65 and a 52 week high of $90.13. The firm’s fifty day moving average is $84.16 and its 200 day moving average is $76.42. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 33.15 and a beta of 0.95.

Analyst Ratings Changes

Several research firms have commented on CBZ. StockNews.com downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday. William Blair reissued an “outperform” rating on shares of CBIZ in a research note on Thursday.

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.