CBIZ, Inc. (NYSE:CBZ) Stock Position Decreased by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC cut its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 22.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,745 shares of the business services provider’s stock after selling 12,331 shares during the quarter. Rice Hall James & Associates LLC owned 0.09% of CBIZ worth $3,498,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Venturi Wealth Management LLC bought a new stake in shares of CBIZ during the 4th quarter worth $110,000. Principal Financial Group Inc. boosted its stake in shares of CBIZ by 13.1% during the 4th quarter. Principal Financial Group Inc. now owns 31,523 shares of the business services provider’s stock worth $2,580,000 after acquiring an additional 3,663 shares in the last quarter. Vista Finance LLC bought a new stake in shares of CBIZ during the 4th quarter worth $229,000. Rhumbline Advisers boosted its stake in shares of CBIZ by 0.7% during the 4th quarter. Rhumbline Advisers now owns 69,662 shares of the business services provider’s stock worth $5,700,000 after acquiring an additional 452 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of CBIZ by 30.4% during the 4th quarter. Empowered Funds LLC now owns 41,460 shares of the business services provider’s stock worth $3,393,000 after acquiring an additional 9,667 shares in the last quarter. 87.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

CBIZ Price Performance

CBZ opened at $86.53 on Wednesday. The stock has a fifty day moving average of $83.71 and a 200-day moving average of $75.73. The firm has a market capitalization of $4.34 billion, a P/E ratio of 36.67 and a beta of 0.95. CBIZ, Inc. has a 12-month low of $62.65 and a 12-month high of $89.25. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36.

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.