Teacher Retirement System of Texas Takes $484,000 Position in CBIZ, Inc. (NYSE:CBZ)

Teacher Retirement System of Texas purchased a new position in CBIZ, Inc. (NYSE:CBZ) during the fourth quarter, Holdings Channel.com reports. The fund purchased 5,919 shares of the business services provider’s stock, valued at approximately $484,000.

A number of other hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its stake in CBIZ by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 525,330 shares of the business services provider’s stock valued at $35,349,000 after acquiring an additional 9,872 shares during the period. Citigroup Inc. boosted its holdings in CBIZ by 205.1% in the 3rd quarter. Citigroup Inc. now owns 53,204 shares of the business services provider’s stock worth $3,580,000 after buying an additional 35,768 shares during the period. Cerity Partners LLC boosted its holdings in CBIZ by 26.6% in the 3rd quarter. Cerity Partners LLC now owns 13,636 shares of the business services provider’s stock worth $918,000 after buying an additional 2,861 shares during the period. FMR LLC grew its stake in CBIZ by 27.4% in the 3rd quarter. FMR LLC now owns 594,660 shares of the business services provider’s stock valued at $40,015,000 after buying an additional 127,822 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its holdings in CBIZ by 16.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 4,425 shares of the business services provider’s stock valued at $298,000 after acquiring an additional 633 shares during the period. Institutional investors own 87.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CBZ shares. StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. William Blair restated an “outperform” rating on shares of CBIZ in a research note on Thursday, February 27th.

CBIZ Stock Performance

CBIZ stock opened at $75.90 on Tuesday. CBIZ, Inc. has a 1-year low of $62.66 and a 1-year high of $90.13. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $4.08 billion, a PE ratio of 32.16 and a beta of 0.99. The firm’s 50 day simple moving average is $80.10 and its 200 day simple moving average is $76.91.

Insider Activity

In related news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ 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 owns 41,759 shares of the company’s stock, valued at approximately $2,996,208.25. This trade represents a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.40% of the company’s stock.

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.