Charles Schwab Investment Management Inc. Grows Stock Position in CBIZ, Inc. (NYSE:CBZ)

Charles Schwab Investment Management Inc. boosted its holdings in CBIZ, Inc. (NYSE:CBZ) by 2.0% in the 4th quarter, HoldingsChannel reports. The fund owned 535,880 shares of the business services provider’s stock after acquiring an additional 10,550 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in CBIZ were worth $43,851,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position in CBIZ by 75.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider’s stock worth $53,000 after acquiring an additional 276 shares in the last quarter. VisionPoint Advisory Group LLC purchased a new position in CBIZ in the fourth quarter worth $60,000. Quarry LP raised its position in CBIZ by 6,335.3% in the third 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 in the last quarter. KBC Group NV grew its holdings 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 during the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in CBIZ in the fourth quarter valued at $110,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

CBIZ Stock Up 1.4 %

CBIZ stock opened at $69.45 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 29.43 and a beta of 0.99. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. The stock’s fifty day moving average is $82.38 and its two-hundred day moving average is $76.53.

Wall Street Analyst Weigh In

CBZ has been the topic of several research reports. William Blair reissued an “outperform” rating on shares of CBIZ in a report on Thursday, February 27th. StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th.

Insider Buying and Selling at CBIZ

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total transaction of $468,240.50. Following the sale, the director now owns 41,759 shares of the company’s stock, valued at $2,996,208.25. This trade represents a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.40% of the stock is owned by corporate insiders.

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.