Capital Research Global Investors Has $288.56 Million Stock Holdings in CBIZ, Inc. (NYSE:CBZ)

Capital Research Global Investors lowered its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 10.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,526,288 shares of the business services provider’s stock after selling 405,687 shares during the period. Capital Research Global Investors owned about 0.07% of CBIZ worth $288,556,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Royce & Associates LP raised its stake in CBIZ by 7.0% during the fourth quarter. Royce & Associates LP now owns 208,919 shares of the business services provider’s stock worth $17,096,000 after acquiring an additional 13,738 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in CBIZ by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider’s stock valued at $43,851,000 after purchasing an additional 10,550 shares during the last quarter. Retirement Systems of Alabama lifted its stake in 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 last quarter. Principal Financial Group Inc. boosted its position in CBIZ by 13.1% in the fourth quarter. Principal Financial Group Inc. now owns 31,523 shares of the business services provider’s stock valued at $2,580,000 after buying an additional 3,663 shares in the last quarter. Finally, King Luther Capital Management Corp grew its stake in shares of CBIZ by 11.3% during the fourth quarter. King Luther Capital Management Corp now owns 82,135 shares of the business services provider’s stock worth $6,721,000 after buying an additional 8,365 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CBZ has been the topic of several recent research reports. William Blair reissued an “outperform” rating on shares of CBIZ in a report on Thursday, February 27th. StockNews.com cut shares of CBIZ from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th.

CBIZ Stock Performance

NYSE:CBZ opened at $77.45 on Friday. The company has a market capitalization of $4.19 billion, a PE ratio of 32.82 and a beta of 0.90. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. 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 company has a 50 day simple moving average of $76.71 and a two-hundred day simple moving average of $77.70.

Insider Transactions at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $71.75, for a total value of $468,240.50. Following the transaction, the director now directly owns 41,759 shares of the company’s stock, valued at $2,996,208.25. The trade was a 13.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.40% of the stock is currently owned by corporate insiders.

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.