PNC Financial Services Group Inc. Sells 519 Shares of CBIZ, Inc. (NYSE:CBZ)

PNC Financial Services Group Inc. trimmed its stake in CBIZ, Inc. (NYSE:CBZ) by 11.0% in the fourth quarter, HoldingsChannel reports. The firm owned 4,198 shares of the business services provider’s stock after selling 519 shares during the period. PNC Financial Services Group Inc.’s holdings in CBIZ were worth $344,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings 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 purchasing an additional 276 shares during the period. VisionPoint Advisory Group LLC bought a new position in CBIZ in the 4th quarter valued at about $60,000. Quarry LP lifted its position in CBIZ by 6,335.3% in the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock valued at $74,000 after acquiring an additional 1,077 shares in the last quarter. KBC Group NV boosted its stake in CBIZ by 29.7% during the 3rd 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 bought a new stake in CBIZ during the 4th quarter worth approximately $110,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the firm’s 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 completion of the sale, the director now directly owns 41,759 shares of the company’s stock, valued at $2,996,208.25. This trade represents a 13.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 5.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CBZ shares. William Blair reaffirmed 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 research report on Tuesday, February 25th.

CBIZ Trading Up 0.0 %

Shares of CBIZ stock opened at $72.97 on Friday. CBIZ, Inc. has a 1 year low of $62.66 and a 1 year high of $90.13. The firm has a market cap of $3.92 billion, a PE ratio of 30.92 and a beta of 0.99. The stock has a fifty day moving average price of $81.19 and a 200-day moving average price of $76.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49.

About CBIZ

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.