Private Advisor Group LLC Has $3.50 Million Stake in CBIZ, Inc. (NYSE:CBZ)

Private Advisor Group LLC lowered its position in shares of CBIZ, Inc. (NYSE:CBZ) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,763 shares of the business services provider’s stock after selling 490 shares during the quarter. Private Advisor Group LLC’s holdings in CBIZ were worth $3,499,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CBZ. SG Americas Securities LLC grew its stake in shares of CBIZ by 7.2% in the fourth quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider’s stock valued at $208,000 after buying an additional 170 shares in the last quarter. US Bancorp DE increased its position in CBIZ by 16.1% during the third 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 during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of CBIZ by 1.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,514 shares of the business services provider’s stock worth $1,111,000 after purchasing an additional 279 shares during the period. Signaturefd LLC raised its holdings in CBIZ by 55.8% in the 3rd quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 344 shares in the last quarter. Finally, KBC Group NV raised its stake in CBIZ by 29.7% in the third quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 356 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

CBIZ Price Performance

CBIZ stock opened at $83.89 on Monday. The stock has a 50-day moving average price of $84.10 and a two-hundred day moving average price of $76.08. CBIZ, Inc. has a 12 month low of $62.65 and a 12 month high of $89.25. The company has a market capitalization of $4.21 billion, a PE ratio of 35.55 and a beta of 0.95. 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 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.