Capital World Investors Acquires 309,785 Shares of CBIZ, Inc. (NYSE:CBZ)

Capital World Investors increased its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 37.6% during the fourth quarter, HoldingsChannel reports. The firm owned 1,134,585 shares of the business services provider’s stock after buying an additional 309,785 shares during the period. Capital World Investors’ holdings in CBIZ were worth $92,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Mariner LLC lifted its holdings in shares of CBIZ by 6.7% during the 4th quarter. Mariner LLC now owns 11,944 shares of the business services provider’s stock valued at $977,000 after buying an additional 748 shares during the period. Barclays PLC lifted its holdings in CBIZ by 8.8% in the fourth quarter. Barclays PLC now owns 85,610 shares of the business services provider’s stock valued at $7,005,000 after acquiring an additional 6,899 shares during the period. Summit Investment Advisors Inc. boosted its position in CBIZ by 4.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,014 shares of the business services provider’s stock worth $410,000 after purchasing an additional 231 shares during the last quarter. Advisors Capital Management LLC purchased a new stake in shares of CBIZ during the 4th quarter valued at about $237,000. Finally, Bessemer Group Inc. lifted its stake in shares of CBIZ by 2.9% in the 4th quarter. Bessemer Group Inc. now owns 411,703 shares of the business services provider’s stock worth $33,689,000 after purchasing an additional 11,499 shares during the period. 87.44% of the stock is currently owned by institutional investors.

Insider Activity at CBIZ

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total value of $468,240.50. Following the sale, the director now directly owns 41,759 shares in the company, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.95% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

CBIZ Trading Down 3.7 %

Shares of CBZ stock opened at $74.62 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a fifty day simple moving average of $76.45 and a two-hundred day simple moving average of $77.85. The firm has a market capitalization of $4.03 billion, a PE ratio of 31.62 and a beta of 0.90. CBIZ, Inc. has a 52-week low of $62.66 and a 52-week high of $90.13.

CBIZ Company 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.