Eaton Vance Management lifted its holdings in CBIZ, Inc. (NYSE:CBZ) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,691,747 shares of the business services provider’s stock after purchasing an additional 31,368 shares during the period. Eaton Vance Management owned about 3.16% of CBIZ worth $45,018,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of CBIZ by 6.9% in the 4th quarter. BlackRock Inc. now owns 3,802,964 shares of the business services provider’s stock valued at $101,195,000 after purchasing an additional 244,562 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of CBIZ by 20.4% in the 4th quarter. Wells Fargo & Company MN now owns 2,235,428 shares of the business services provider’s stock valued at $59,485,000 after purchasing an additional 378,628 shares in the last quarter. FIL Ltd increased its stake in shares of CBIZ by 12.0% in the 4th quarter. FIL Ltd now owns 1,865,080 shares of the business services provider’s stock valued at $49,630,000 after purchasing an additional 200,000 shares in the last quarter. Paradice Investment Management LLC increased its stake in shares of CBIZ by 4.2% in the 4th quarter. Paradice Investment Management LLC now owns 1,355,647 shares of the business services provider’s stock valued at $36,074,000 after purchasing an additional 54,792 shares in the last quarter. Finally, Norges Bank purchased a new stake in CBIZ during the 4th quarter worth approximately $21,371,000. Hedge funds and other institutional investors own 86.39% of the company’s stock.
NYSE:CBZ opened at $32.92 on Thursday. CBIZ, Inc. has a 12 month low of $20.24 and a 12 month high of $34.13. The stock has a 50 day moving average of $31.93 and a two-hundred day moving average of $26.88. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.15. The firm has a market cap of $1.76 billion, a P/E ratio of 23.68 and a beta of 0.58.
In other CBIZ news, insider Michael P. Kouzelos sold 21,222 shares of the company’s stock in a transaction on Friday, February 19th. The stock was sold at an average price of $29.35, for a total transaction of $622,865.70. Following the transaction, the insider now directly owns 305,406 shares in the company, valued at $8,963,666.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Spurio sold 16,287 shares of the company’s stock in a transaction on Friday, March 12th. The stock was sold at an average price of $34.00, for a total value of $553,758.00. Following the transaction, the insider now owns 164,819 shares in the company, valued at $5,603,846. The disclosure for this sale can be found here. Insiders sold 201,791 shares of company stock worth $6,304,297 over the last quarter. 7.40% of the stock is currently owned by insiders.
Separately, Zacks Investment Research lowered CBIZ from a “buy” rating to a “hold” rating in a research note on Monday, January 4th.
CBIZ Company Profile
CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. The company operates through three segments: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services segment offers accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services.
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