CBIZ (NYSE:CBZ) Rating Lowered to Sell at StockNews.com

CBIZ (NYSE:CBZ) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Tuesday.

CBIZ Trading Up 1.5 %

Shares of NYSE CBZ traded up $1.27 during mid-day trading on Tuesday, hitting $85.29. The company’s stock had a trading volume of 323,660 shares, compared to its average volume of 252,766. CBIZ has a one year low of $62.65 and a one year high of $89.25. The company’s fifty day simple moving average is $84.24 and its 200-day simple moving average is $76.31. 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 stock has a market cap of $4.28 billion, a price-to-earnings ratio of 36.14 and a beta of 0.95.

Institutional Trading of CBIZ

Several institutional investors and hedge funds have recently made changes to their positions in the business. Burgundy Asset Management Ltd. boosted its position in shares of 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 worth $170,319,000 after purchasing an additional 31,253 shares during the last quarter. McIlrath & Eck LLC lifted its stake in 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 buying an additional 367 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in CBIZ by 15.1% during 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 worth $11,096,000 after buying an additional 17,810 shares during the last quarter. Voloridge Investment Management LLC grew its position in shares of 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 bought a new stake in shares of CBIZ in the 4th quarter valued at about $23,383,000. 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.