Cannon Global Investment Management LLC Has $319,000 Stock Position in CBIZ, Inc. (NYSE:CBZ)

Cannon Global Investment Management LLC cut its holdings in CBIZ, Inc. (NYSE:CBZ) by 64.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,900 shares of the business services provider’s stock after selling 7,100 shares during the quarter. Cannon Global Investment Management LLC’s holdings in CBIZ were worth $319,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Summit Creek Advisors LLC lifted its position in shares of CBIZ by 19.9% during the 4th quarter. Summit Creek Advisors LLC now owns 304,076 shares of the business services provider’s stock valued at $24,883,000 after acquiring an additional 50,435 shares during the period. Vanguard Group Inc. raised its holdings in shares of CBIZ by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 4,716,456 shares of the business services provider’s stock valued at $385,948,000 after purchasing an additional 43,784 shares during the period. Bridge City Capital LLC boosted its position in shares of CBIZ by 8.3% during the 4th quarter. Bridge City Capital LLC now owns 84,479 shares of the business services provider’s stock worth $6,913,000 after purchasing an additional 6,451 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of CBIZ in the 4th quarter valued at about $769,000. Finally, Sei Investments Co. increased its position in CBIZ by 1.5% in the 4th quarter. Sei Investments Co. now owns 37,401 shares of the business services provider’s stock valued at $3,061,000 after buying an additional 549 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.

CBIZ Price Performance

CBZ stock opened at $72.97 on Monday. 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 business has a 50-day simple moving average of $81.19 and a two-hundred day simple moving average of $76.58. The company has a market capitalization of $3.92 billion, a P/E ratio of 30.92 and a beta of 0.99. CBIZ, Inc. has a 52-week low of $62.66 and a 52-week high of $90.13.

Insider Activity at CBIZ

In other CBIZ news, 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 transaction of $468,240.50. Following the transaction, the director now directly owns 41,759 shares in the company, valued at approximately $2,996,208.25. This trade represents a 13.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com downgraded CBIZ from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. William Blair restated an “outperform” rating on shares of CBIZ in a research note on Thursday, February 27th.

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.