Allspring Global Investments Holdings LLC Sells 11,799 Shares of CBIZ, Inc. (NYSE:CBZ)

Allspring Global Investments Holdings LLC lessened its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 1.0% in the 4th quarter, Holdings Channel reports. The firm owned 1,113,967 shares of the business services provider’s stock after selling 11,799 shares during the period. Allspring Global Investments Holdings LLC’s holdings in CBIZ were worth $90,410,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Signaturefd LLC lifted its position in shares of CBIZ by 55.8% in the third quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock worth $65,000 after buying an additional 344 shares in the last quarter. Quarry LP increased its stake in CBIZ by 6,335.3% in the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock worth $74,000 after acquiring an additional 1,077 shares during the last quarter. KBC Group NV raised its holdings in shares of CBIZ by 29.7% during the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock worth $105,000 after acquiring an additional 356 shares in the last quarter. US Bancorp DE raised its holdings in shares of CBIZ by 16.1% during the 3rd quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock worth $121,000 after acquiring an additional 249 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of CBIZ by 31.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,227 shares of the business services provider’s stock valued at $182,000 after acquiring an additional 529 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analysts Set New Price Targets

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

CBIZ Stock Down 0.9 %

Shares of NYSE:CBZ opened at $87.22 on Thursday. The company has a 50-day moving average price of $83.08 and a 200 day moving average price of $75.45. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ, Inc. has a 12 month low of $62.65 and a 12 month high of $89.25. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 36.96 and a beta of 0.95.

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.