Advantage Alpha Capital Partners LP Purchases 12,131 Shares of CBIZ, Inc. (NYSE:CBZ)

Advantage Alpha Capital Partners LP raised its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 33.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,299 shares of the business services provider’s stock after purchasing an additional 12,131 shares during the period. Advantage Alpha Capital Partners LP owned 0.10% of CBIZ worth $3,952,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Summit Creek Advisors LLC increased its position in shares of CBIZ by 19.9% in the 4th quarter. Summit Creek Advisors LLC now owns 304,076 shares of the business services provider’s stock valued at $24,883,000 after buying an additional 50,435 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of CBIZ by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 4,716,456 shares of the business services provider’s stock worth $385,948,000 after acquiring an additional 43,784 shares in the last quarter. Bridge City Capital LLC lifted its holdings in shares of CBIZ by 8.3% during the 4th quarter. Bridge City Capital LLC now owns 84,479 shares of the business services provider’s stock valued at $6,913,000 after purchasing an additional 6,451 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in CBIZ during the 4th quarter worth approximately $769,000. Finally, Sei Investments Co. raised its holdings in CBIZ by 1.5% during the 4th quarter. Sei Investments Co. now owns 37,401 shares of the business services provider’s stock worth $3,061,000 after buying an additional 549 shares during the period. Institutional investors own 87.44% of the company’s stock.

CBIZ Stock Performance

NYSE CBZ opened at $72.97 on Monday. CBIZ, Inc. has a 52-week low of $62.66 and a 52-week high of $90.13. The stock has a market cap of $3.92 billion, a PE ratio of 30.92 and a beta of 0.99. The firm has a 50-day moving average of $81.19 and a 200-day moving average of $76.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49.

Insiders Place Their Bets

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total transaction of $468,240.50. Following the transaction, the director now owns 41,759 shares in the company, valued at $2,996,208.25. This trade represents a 13.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.40% of the company’s stock.

Analyst Ratings Changes

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

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.