Segall Bryant & Hamill LLC Boosts Holdings in CBIZ, Inc. (NYSE:CBZ)

Segall Bryant & Hamill LLC lifted its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 19.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 148,521 shares of the business services provider’s stock after buying an additional 24,622 shares during the period. Segall Bryant & Hamill LLC’s holdings in CBIZ were worth $12,153,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted its position in CBIZ by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 276 shares in the last quarter. VisionPoint Advisory Group LLC purchased a new position in shares of CBIZ in the 4th quarter valued at approximately $60,000. Quarry LP boosted its position in shares of CBIZ by 6,335.3% during the third quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 1,077 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of CBIZ during the fourth quarter valued at approximately $110,000. Finally, KBC Group NV grew its stake in CBIZ by 30.1% in the fourth quarter. KBC Group NV now owns 2,021 shares of the business services provider’s stock worth $165,000 after purchasing an additional 468 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Insider Transactions at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total value of $468,240.50. Following the transaction, the director now owns 41,759 shares in the company, valued at approximately $2,996,208.25. This represents a 13.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 5.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on CBZ shares. William Blair reissued an “outperform” rating on shares of CBIZ in a research report on Thursday, February 27th. StockNews.com cut shares of CBIZ from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th.

CBIZ Stock Performance

CBIZ stock opened at $73.98 on Wednesday. CBIZ, Inc. has a twelve month low of $62.66 and a twelve month high of $90.13. 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 company has a market capitalization of $3.98 billion, a P/E ratio of 31.35 and a beta of 0.99. The stock’s 50 day moving average is $80.84 and its 200 day moving average is $76.64.

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.