Allspring Global Investments Holdings LLC Cuts Holdings in CBIZ, Inc. (NYSE:CBZ)

Allspring Global Investments Holdings LLC lowered its holdings in CBIZ, Inc. (NYSE:CBZ) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,113,967 shares of the business services provider’s stock after selling 11,799 shares during the quarter. Allspring Global Investments Holdings LLC owned 2.22% of CBIZ worth $90,410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CBZ. Signaturefd LLC raised its position in CBIZ by 55.8% in the 3rd quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock worth $65,000 after buying an additional 344 shares during the last quarter. Quarry LP grew its stake in shares of 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 during the period. KBC Group NV raised its holdings in shares of CBIZ by 29.7% during 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. US Bancorp DE raised its holdings in shares of CBIZ by 16.1% during the third quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 249 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in CBIZ by 31.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,227 shares of the business services provider’s stock valued at $182,000 after purchasing an additional 529 shares during the period. 87.44% of the stock is owned by institutional investors.

CBIZ Stock Down 0.9 %

CBZ stock opened at $87.22 on Thursday. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 36.96 and a beta of 0.95. 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 business’s 50-day moving average is $83.08 and its two-hundred day moving average is $75.45. CBIZ, Inc. has a fifty-two week low of $62.65 and a fifty-two week high of $89.25.

Wall Street Analyst Weigh In

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

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.