CBIZ (NYSE:CBZ) Stock Price Down 3.8% – Here’s Why

CBIZ, Inc. (NYSE:CBZ)’s share price was down 3.8% during trading on Wednesday . The company traded as low as $74.76 and last traded at $74.08. Approximately 39,388 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 318,648 shares. The stock had previously closed at $76.98.

Analyst Ratings Changes

CBZ has been the topic of several recent analyst reports. StockNews.com cut shares of CBIZ from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. William Blair reissued an “outperform” rating on shares of CBIZ in a report on Thursday, February 27th.

CBIZ Price Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The business has a 50 day moving average of $79.93 and a 200 day moving average of $76.97. The company has a market cap of $4.06 billion, a PE ratio of 31.97 and a beta of 0.99.

Insider Activity

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the firm’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 completion of the transaction, the director now owns 41,759 shares in the company, valued at $2,996,208.25. This trade represents a 13.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.40% of the company’s stock.

Institutional Trading of CBIZ

Hedge funds have recently modified their holdings of the business. McIlrath & Eck LLC lifted its position in CBIZ by 193.2% during the 4th quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 367 shares during the period. Smartleaf Asset Management LLC lifted 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 valued at $53,000 after purchasing an additional 276 shares during the last quarter. VisionPoint Advisory Group LLC purchased a new position in shares of CBIZ during the fourth quarter valued at approximately $60,000. Quarry LP boosted its position in shares of CBIZ by 6,335.3% in the 3rd 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 in the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of CBIZ in the 4th quarter worth approximately $110,000. 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.