Proficio Capital Partners LLC Buys New Stake in CBIZ, Inc. (NYSE:CBZ)

Proficio Capital Partners LLC bought a new stake in CBIZ, Inc. (NYSE:CBZ) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 46,725 shares of the business services provider’s stock, valued at approximately $3,824,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp lifted its stake in CBIZ by 0.9% in the 3rd quarter. State Street Corp now owns 1,130,848 shares of the business services provider’s stock valued at $76,095,000 after buying an additional 10,555 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of CBIZ by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,109,074 shares of the business services provider’s stock worth $74,644,000 after purchasing an additional 11,615 shares during the period. Premier Fund Managers Ltd lifted its stake in shares of CBIZ by 14.0% during the 3rd quarter. Premier Fund Managers Ltd now owns 813,698 shares of the business services provider’s stock worth $54,375,000 after purchasing an additional 100,000 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of CBIZ by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 704,888 shares of the business services provider’s stock worth $47,432,000 after purchasing an additional 48,979 shares during the period. Finally, FMR LLC lifted its stake in shares of CBIZ by 27.4% during the 3rd quarter. FMR LLC now owns 594,660 shares of the business services provider’s stock worth $40,015,000 after purchasing an additional 127,822 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

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

CBIZ Trading Down 1.6 %

Shares of CBIZ stock opened at $75.55 on Wednesday. The firm has a market cap of $3.79 billion, a PE ratio of 32.01 and a beta of 0.95. 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 business’s fifty day moving average is $84.09 and its two-hundred day moving average is $76.59. CBIZ, Inc. has a fifty-two week low of $62.65 and a fifty-two week high of $90.13.

CBIZ 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.