Millington Financial Advisors LLC Boosts Stake in CBIZ, Inc. (NYSE:CBZ)

Millington Financial Advisors LLC raised its position in shares of CBIZ, Inc. (NYSE:CBZFree Report) by 3.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 30,696 shares of the business services provider’s stock after purchasing an additional 882 shares during the quarter. CBIZ comprises about 1.4% of Millington Financial Advisors LLC’s investment portfolio, making the stock its 19th largest position. Millington Financial Advisors LLC’s holdings in CBIZ were worth $1,593,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. West Tower Group LLC bought a new position in CBIZ in the 2nd quarter worth approximately $47,000. Federated Hermes Inc. boosted its stake in CBIZ by 56.4% during the 3rd quarter. Federated Hermes Inc. now owns 1,117 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 403 shares in the last quarter. Advisor Group Holdings Inc. boosted its stake in CBIZ by 127.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 1,206 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 675 shares in the last quarter. Covestor Ltd boosted its stake in CBIZ by 136.5% during the 2nd quarter. Covestor Ltd now owns 1,154 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 666 shares in the last quarter. Finally, Pinebridge Investments L.P. boosted its stake in CBIZ by 53.3% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,159 shares of the business services provider’s stock valued at $62,000 after purchasing an additional 403 shares in the last quarter. Institutional investors and hedge funds own 88.06% of the company’s stock.

Insider Activity

In other news, insider Ware H. Grove sold 6,849 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $57.99, for a total transaction of $397,173.51. Following the completion of the sale, the insider now owns 267,675 shares in the company, valued at approximately $15,522,473.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Sidoti lowered CBIZ from a “buy” rating to a “neutral” rating and set a $63.00 price target for the company. in a research note on Tuesday, January 2nd.

View Our Latest Report on CBZ

CBIZ Price Performance

Shares of NYSE:CBZ opened at $65.14 on Thursday. CBIZ, Inc. has a one year low of $45.40 and a one year high of $66.15. The stock has a fifty day moving average of $62.12 and a 200-day moving average of $57.01. The company has a market capitalization of $3.25 billion, a PE ratio of 27.03 and a beta of 0.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.40 and a current ratio of 1.40.

About CBIZ

(Free Report)

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through three segments: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.

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Institutional Ownership by Quarter for CBIZ (NYSE:CBZ)

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