Benaree Pratt Wiley Sells 6,526 Shares of CBIZ, Inc. (NYSE:CBZ) Stock

CBIZ, Inc. (NYSE:CBZ) Director Benaree Pratt Wiley sold 6,526 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total value of $468,240.50. Following the sale, the director now owns 41,759 shares in the company, valued at $2,996,208.25. This trade represents a 13.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CBIZ Stock Down 1.7 %

Shares of NYSE CBZ opened at $68.72 on Thursday. The stock has a market capitalization of $3.69 billion, a PE ratio of 29.12 and a beta of 0.99. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average of $82.63 and a 200-day moving average of $76.59. CBIZ, Inc. has a 52-week low of $62.65 and a 52-week high of $90.13.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. increased its stake in CBIZ by 1.5% during the fourth quarter. Burgundy Asset Management Ltd. now owns 2,081,380 shares of the business services provider’s stock worth $170,319,000 after acquiring an additional 31,253 shares during the last quarter. McIlrath & Eck LLC grew its holdings in shares of CBIZ by 193.2% during the 4th quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider’s stock worth $46,000 after purchasing an additional 367 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in CBIZ by 15.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 135,594 shares of the business services provider’s stock worth $11,096,000 after purchasing an additional 17,810 shares in the last quarter. Voloridge Investment Management LLC increased its position in CBIZ by 72.4% during the 4th quarter. Voloridge Investment Management LLC now owns 42,118 shares of the business services provider’s stock worth $3,447,000 after purchasing an additional 17,685 shares in the last quarter. Finally, Waters Parkerson & CO. LLC purchased a new position in CBIZ in the fourth quarter valued at approximately $23,383,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

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.