CBIZ (NYSE:CBZ) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “CBIZ, Inc. provides professional business services that help clients better manage their finances and employees. CBIZ provides its clients with financial services including accounting, tax, financial advisory, government health care consulting, risk advisory, merger and acquisition advisory, real estate consulting, and valuation services. Employee services include employee benefits consulting, property and casualty insurance, retirement plan consulting, payroll, life insurance, HR consulting, and executive recruitment. As one of the nation’s largest brokers of employee benefits and property and casualty insurance, and one of the largest accounting and valuation companies in the United States, the Company’s services are provided through nearly 100 Company offices in 32 states. “
Separately, ValuEngine cut shares of CBIZ from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
In other CBIZ news, Director Steven L. Gerard sold 9,899 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $15.00, for a total transaction of $148,485.00. Following the sale, the director now owns 333,382 shares of the company’s stock, valued at approximately $5,000,730. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Steven L. Gerard sold 33,731 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $15.02, for a total transaction of $506,639.62. Following the sale, the director now directly owns 349,363 shares in the company, valued at approximately $5,247,432.26. The disclosure for this sale can be found here. Insiders have sold a total of 105,053 shares of company stock valued at $1,575,512 in the last quarter. 6.90% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. Two Sigma Advisers LP grew its holdings in CBIZ by 3.3% during the 4th quarter. Two Sigma Advisers LP now owns 116,423 shares of the business services provider’s stock worth $1,799,000 after acquiring an additional 3,700 shares during the last quarter. Stone Ridge Asset Management LLC bought a new stake in CBIZ during the 4th quarter worth about $744,000. Deutsche Bank AG grew its holdings in CBIZ by 47.7% during the 4th quarter. Deutsche Bank AG now owns 210,531 shares of the business services provider’s stock worth $3,250,000 after acquiring an additional 68,002 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in CBIZ by 14.4% during the 4th quarter. Thrivent Financial For Lutherans now owns 277,636 shares of the business services provider’s stock worth $4,289,000 after acquiring an additional 34,895 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in CBIZ by 10.5% during the 4th quarter. Renaissance Technologies LLC now owns 963,807 shares of the business services provider’s stock worth $14,891,000 after acquiring an additional 91,381 shares during the last quarter. 84.03% of the stock is currently owned by hedge funds and other institutional investors.
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CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.
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