CBIZ, Inc. (NYSE:CBZ) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in CBIZ, Inc. (NYSE:CBZ) by 133.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,225 shares of the business services provider’s stock after acquiring an additional 20,678 shares during the period. Russell Investments Group Ltd. owned approximately 0.07% of CBIZ worth $2,964,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of CBIZ by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 4,716,456 shares of the business services provider’s stock valued at $385,948,000 after buying an additional 43,784 shares in the last quarter. Geode Capital Management LLC increased its holdings in CBIZ by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,109,074 shares of the business services provider’s stock valued at $74,644,000 after acquiring an additional 11,615 shares in the last quarter. JPMorgan Chase & Co. raised its position in CBIZ by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 704,888 shares of the business services provider’s stock worth $47,432,000 after acquiring an additional 48,979 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of CBIZ by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider’s stock valued at $43,851,000 after purchasing an additional 10,550 shares in the last quarter. Finally, Neumeier Poma Investment Counsel LLC grew its position in shares of CBIZ by 2.4% in the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 456,062 shares of the business services provider’s stock valued at $37,320,000 after purchasing an additional 10,862 shares during the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

CBIZ Stock Performance

Shares of CBZ opened at $77.45 on Friday. CBIZ, Inc. has a 1 year low of $62.66 and a 1 year high of $90.13. The company’s 50 day simple moving average is $76.92 and its 200 day simple moving average is $77.55. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 32.82 and a beta of 0.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49.

Insider Buying and Selling at CBIZ

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $71.75, for a total value of $468,240.50. Following the completion of the sale, the director now owns 41,759 shares in the company, valued at $2,996,208.25. The trade was a 13.52 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CBZ. StockNews.com lowered 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.

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.