CBIZ, Inc. (NYSE:CBZ) Sees Large Decline in Short Interest

CBIZ, Inc. (NYSE:CBZ) was the recipient of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 1,350,000 shares, a decline of 6.9% from the January 15th total of 1,450,000 shares. Based on an average daily trading volume, of 291,400 shares, the short-interest ratio is currently 4.6 days. Currently, 2.8% of the company’s shares are short sold.

CBIZ Stock Down 0.3 %

CBIZ stock opened at $86.53 on Wednesday. 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 50 day moving average price of $83.71 and a 200 day moving average price of $75.73. CBIZ has a fifty-two week low of $62.65 and a fifty-two week high of $89.25. The company has a market capitalization of $4.34 billion, a PE ratio of 36.67 and a beta of 0.95.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On CBIZ

Several institutional investors and hedge funds have recently modified their holdings of the company. Burgundy Asset Management Ltd. grew its position in CBIZ by 1.5% in the 4th quarter. Burgundy Asset Management Ltd. now owns 2,081,380 shares of the business services provider’s stock valued at $170,319,000 after acquiring an additional 31,253 shares in the last quarter. McIlrath & Eck LLC boosted its stake in shares of CBIZ by 193.2% in the fourth quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 367 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of CBIZ by 15.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 135,594 shares of the business services provider’s stock valued at $11,096,000 after purchasing an additional 17,810 shares in the last quarter. Voloridge Investment Management LLC increased its stake in CBIZ by 72.4% during the 4th quarter. Voloridge Investment Management LLC now owns 42,118 shares of the business services provider’s stock worth $3,447,000 after buying an additional 17,685 shares during the period. Finally, Waters Parkerson & CO. LLC acquired a new stake in CBIZ during the 4th quarter worth approximately $23,383,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

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.