Great Lakes Advisors LLC Grows Stake in CBIZ, Inc. (NYSE:CBZ)

Great Lakes Advisors LLC grew its position in CBIZ, Inc. (NYSE:CBZ) by 92.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,307 shares of the business services provider’s stock after purchasing an additional 22,238 shares during the quarter. Great Lakes Advisors LLC’s holdings in CBIZ were worth $3,789,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. King Luther Capital Management Corp grew its holdings in shares of CBIZ by 11.3% during the fourth quarter. King Luther Capital Management Corp now owns 82,135 shares of the business services provider’s stock valued at $6,721,000 after buying an additional 8,365 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of CBIZ by 14.6% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 152,368 shares of the business services provider’s stock valued at $12,564,000 after buying an additional 19,444 shares during the last quarter. Callan Family Office LLC purchased a new stake in shares of CBIZ during the fourth quarter valued at $977,000. Welch & Forbes LLC purchased a new stake in shares of CBIZ during the fourth quarter valued at $217,000. Finally, Geneva Capital Management LLC grew its holdings in shares of CBIZ by 49.7% during the fourth quarter. Geneva Capital Management LLC now owns 423,407 shares of the business services provider’s stock valued at $34,647,000 after buying an additional 140,493 shares during the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CBZ. StockNews.com lowered shares of CBIZ from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. William Blair reissued an “outperform” rating on shares of CBIZ in a report on Thursday, February 27th.

Insider Activity at CBIZ

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total transaction of $468,240.50. Following the completion of the transaction, the director now directly owns 41,759 shares in the company, valued at $2,996,208.25. The trade was a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.40% of the stock is currently owned by insiders.

CBIZ Trading Up 1.4 %

NYSE CBZ opened at $69.45 on Friday. The company has a market capitalization of $3.73 billion, a PE ratio of 29.43 and a beta of 0.99. The company has a fifty day moving average of $82.38 and a 200 day moving average of $76.53. CBIZ, Inc. has a 1 year low of $62.66 and a 1 year high of $90.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49.

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.