Private Advisor Group LLC Has $3.50 Million Holdings in CBIZ, Inc. (NYSE:CBZ)

Private Advisor Group LLC decreased its position in shares of CBIZ, Inc. (NYSE:CBZ) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,763 shares of the business services provider’s stock after selling 490 shares during the period. Private Advisor Group LLC owned about 0.09% of CBIZ worth $3,499,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Retirement Systems of Alabama increased its holdings in CBIZ by 10.3% during the 3rd quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider’s stock valued at $5,800,000 after purchasing an additional 8,032 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of CBIZ by 22.2% in the third quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider’s stock valued at $3,226,000 after buying an additional 8,695 shares in the last quarter. Cannon Global Investment Management LLC acquired a new stake in shares of CBIZ in the third quarter valued at $740,000. Quantbot Technologies LP raised its holdings in shares of CBIZ by 960.9% in the third quarter. Quantbot Technologies LP now owns 38,850 shares of the business services provider’s stock valued at $2,614,000 after buying an additional 35,188 shares during the last quarter. Finally, Citigroup Inc. lifted its position in CBIZ by 205.1% during 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 in the last quarter. Institutional investors own 87.44% of the company’s stock.

Analysts Set New Price Targets

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

CBIZ Stock Down 1.9 %

NYSE:CBZ opened at $83.89 on Monday. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 35.55 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 stock’s fifty day moving average price is $84.10 and its two-hundred day moving average price is $76.08. CBIZ, Inc. has a 52-week low of $62.65 and a 52-week high of $89.25.

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.