CBIZ, Inc. (NYSE:CBZ) Shares Sold by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC lessened its holdings in CBIZ, Inc. (NYSE:CBZ) by 25.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,340 shares of the business services provider’s stock after selling 1,137 shares during the period. Sawgrass Asset Management LLC’s holdings in CBIZ were worth $273,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CBZ. SG Americas Securities LLC grew its stake in shares of CBIZ by 7.2% in the fourth quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider’s stock valued at $208,000 after buying an additional 170 shares in the last quarter. US Bancorp DE grew its stake in shares of CBIZ by 16.1% in the third quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock valued at $121,000 after buying an additional 249 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of CBIZ by 1.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,514 shares of the business services provider’s stock valued at $1,111,000 after buying an additional 279 shares in the last quarter. Signaturefd LLC grew its stake in shares of CBIZ by 55.8% in the third quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock valued at $65,000 after buying an additional 344 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of CBIZ by 29.7% in the third quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock valued at $105,000 after buying an additional 356 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded CBIZ from a “sell” rating to a “hold” rating in a research note on Friday, December 27th.

CBIZ Trading Up 0.7 %

Shares of CBZ opened at $87.89 on Friday. The company has a market capitalization of $4.41 billion, a P/E ratio of 37.24 and a beta of 0.95. CBIZ, Inc. has a one year low of $62.65 and a one year high of $89.25. 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 50-day moving average price of $83.23 and a 200 day moving average price of $75.54.

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.