Frank Rimerman Advisors LLC Invests $225,000 in CBIZ, Inc. (NYSE:CBZ)

Frank Rimerman Advisors LLC purchased a new position in shares of CBIZ, Inc. (NYSE:CBZ) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,750 shares of the business services provider’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of CBIZ by 75.0% during 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 last quarter. VisionPoint Advisory Group LLC bought a new stake in shares of CBIZ during the fourth quarter worth about $60,000. Quarry LP grew its holdings in shares of CBIZ by 6,335.3% during the third quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock worth $74,000 after purchasing an additional 1,077 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of CBIZ during the fourth quarter worth about $110,000. Finally, KBC Group NV grew 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 worth $105,000 after purchasing an additional 356 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CBIZ

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total value of $468,240.50. Following the transaction, the director now directly owns 41,759 shares of the company’s stock, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.40% of the company’s stock.

CBIZ Stock Performance

Shares of CBZ stock opened at $71.14 on Tuesday. The business’s 50 day simple moving average is $81.93 and its 200 day simple moving average is $76.60. CBIZ, Inc. has a one year low of $62.66 and a one year high of $90.13. The stock has a market capitalization of $3.82 billion, a PE ratio of 30.14 and a beta of 0.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49.

Wall Street Analysts Forecast Growth

CBZ has been the topic of several analyst reports. StockNews.com cut CBIZ from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. William Blair reiterated an “outperform” rating on shares of CBIZ in a report on Thursday, February 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.