State of New Jersey Common Pension Fund D Reduces Stake in CBIZ, Inc. (NYSE:CBZ)

State of New Jersey Common Pension Fund D reduced its position in CBIZ, Inc. (NYSE:CBZ) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,237 shares of the business services provider’s stock after selling 474 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.05% of CBIZ worth $2,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vista Finance LLC purchased a new position in shares of CBIZ in the 4th quarter worth $229,000. Rhumbline Advisers lifted its position in CBIZ by 0.7% during the fourth quarter. Rhumbline Advisers now owns 69,662 shares of the business services provider’s stock valued at $5,700,000 after purchasing an additional 452 shares in the last quarter. Empowered Funds LLC lifted its position in CBIZ by 30.4% during the fourth quarter. Empowered Funds LLC now owns 41,460 shares of the business services provider’s stock valued at $3,393,000 after purchasing an additional 9,667 shares in the last quarter. Choreo LLC purchased a new position in CBIZ during the fourth quarter valued at $219,000. Finally, One Wealth Advisors LLC purchased a new position in CBIZ during the fourth quarter valued at $240,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

CBIZ Price Performance

NYSE CBZ opened at $83.89 on Friday. The company has a market capitalization of $4.21 billion, a PE ratio of 35.55 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The business’s fifty day moving average is $84.10 and its 200 day moving average is $75.98. CBIZ, Inc. has a fifty-two week low of $62.65 and a fifty-two week high of $89.25.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded CBIZ from a “sell” rating to a “hold” rating in a research report on Friday, December 27th.

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.