Aster Capital Management DIFC Ltd Sells 2,962 Shares of CBIZ, Inc. (NYSE:CBZ)

Aster Capital Management DIFC Ltd lowered its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 87.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 436 shares of the business services provider’s stock after selling 2,962 shares during the period. Aster Capital Management DIFC Ltd’s holdings in CBIZ were worth $36,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Smartleaf Asset Management LLC grew its holdings in CBIZ by 75.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider’s stock worth $53,000 after acquiring an additional 276 shares during the last quarter. VisionPoint Advisory Group LLC bought a new stake in CBIZ in the 4th quarter worth $60,000. Venturi Wealth Management LLC bought a new stake in CBIZ in the 4th quarter worth $110,000. KBC Group NV grew its holdings in CBIZ by 30.1% in the 4th quarter. KBC Group NV now owns 2,021 shares of the business services provider’s stock worth $165,000 after acquiring an additional 468 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in CBIZ by 31.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,227 shares of the business services provider’s stock worth $182,000 after acquiring an additional 529 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Insider Activity

In other news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction dated Thursday, March 6th. The shares were 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 of the company’s stock, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CBIZ Trading Up 8.9 %

Shares of CBZ opened at $76.25 on Thursday. The firm’s 50-day moving average price is $78.01 and its 200-day moving average price is $77.15. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 32.31 and a beta of 0.90. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ, Inc. has a 1-year low of $62.66 and a 1-year high of $90.13.

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.