Great Lakes Advisors LLC Purchases 22,238 Shares of CBIZ, Inc. (NYSE:CBZ)

Great Lakes Advisors LLC boosted its position in CBIZ, Inc. (NYSE:CBZ) by 92.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,307 shares of the business services provider’s stock after purchasing an additional 22,238 shares during the period. Great Lakes Advisors LLC owned approximately 0.09% of CBIZ worth $3,789,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in CBIZ by 75.0% in 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 CBIZ in the fourth quarter worth about $60,000. Quarry LP lifted its stake in CBIZ by 6,335.3% in 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. KBC Group NV lifted its stake in CBIZ by 29.7% in 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. Finally, Venturi Wealth Management LLC bought a new stake in CBIZ in the fourth quarter worth about $110,000. Institutional investors own 87.44% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CBZ. StockNews.com downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. William Blair reaffirmed an “outperform” rating on shares of CBIZ in a research note on Thursday, February 27th.

CBIZ Stock Performance

CBIZ stock opened at $69.45 on Friday. The company has a 50 day moving average price of $82.38 and a 200-day moving average price of $76.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. The company has a market capitalization of $3.73 billion, a PE ratio of 29.43 and a beta of 0.99.

Insider Activity at CBIZ

In related news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total transaction of $468,240.50. Following the transaction, the director now directly owns 41,759 shares of the company’s stock, valued at $2,996,208.25. This trade represents a 13.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 5.40% of the stock is currently owned by corporate insiders.

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.