Wellington Management Group LLP Acquires New Holdings in CBIZ, Inc. (NYSE:CBZ)

Wellington Management Group LLP bought a new position in shares of CBIZ, Inc. (NYSE:CBZ) in the fourth quarter, HoldingsChannel reports. The firm bought 401,552 shares of the business services provider’s stock, valued at approximately $32,859,000.

Several other institutional investors and hedge funds also recently modified their holdings of CBZ. Smartleaf Asset Management LLC increased its stake in shares of CBIZ by 75.0% during the 4th 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 in the last quarter. VisionPoint Advisory Group LLC purchased a new stake in CBIZ in the 4th quarter valued at approximately $60,000. Quarry LP grew its holdings in CBIZ by 6,335.3% during the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock valued at $74,000 after buying an additional 1,077 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in CBIZ during the fourth quarter worth $110,000. Finally, KBC Group NV raised its holdings in shares of CBIZ by 30.1% in the fourth quarter. KBC Group NV now owns 2,021 shares of the business services provider’s stock worth $165,000 after acquiring an additional 468 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CBZ has been the topic of a number of analyst reports. William Blair reaffirmed an “outperform” rating on shares of CBIZ in a research note on Thursday, February 27th. StockNews.com lowered shares of CBIZ from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th.

CBIZ Stock Down 1.8 %

CBZ stock opened at $72.50 on Monday. The company has a 50 day moving average price of $79.31 and a two-hundred day moving average price of $77.10. 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 stock has a market capitalization of $3.90 billion, a P/E ratio of 30.72 and a beta of 0.90. CBIZ, Inc. has a one year low of $62.66 and a one year high of $90.13.

Insider Activity

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the stock in a transaction dated 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 in the company, valued at $2,996,208.25. This represents a 13.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.40% of the company’s stock.

CBIZ Company Profile

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.