CBIZ, Inc. (NYSE:CBZ) Short Interest Update

CBIZ, Inc. (NYSE:CBZ) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 1,350,000 shares, a decrease of 6.9% from the January 15th total of 1,450,000 shares. Based on an average daily trading volume, of 291,400 shares, the short-interest ratio is currently 4.6 days. Currently, 2.8% of the shares of the stock are short sold.

Institutional Investors Weigh In On CBIZ

A number of hedge funds have recently made changes to their positions in CBZ. Invesco Ltd. boosted its stake in shares of CBIZ by 157.2% in the 4th quarter. Invesco Ltd. now owns 769,209 shares of the business services provider’s stock valued at $62,944,000 after purchasing an additional 470,095 shares in the last quarter. Wellington Management Group LLP bought a new position in CBIZ in the 4th quarter valued at approximately $32,859,000. Capital World Investors raised its holdings in CBIZ by 37.6% in the 4th quarter. Capital World Investors now owns 1,134,585 shares of the business services provider’s stock valued at $92,843,000 after buying an additional 309,785 shares during the last quarter. Waters Parkerson & CO. LLC bought a new position in CBIZ in the 4th quarter valued at approximately $23,383,000. Finally, Geneva Capital Management LLC bought a new position in CBIZ in the 3rd quarter valued at approximately $19,037,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

CBIZ Price Performance

CBIZ stock traded down $0.29 during trading hours on Tuesday, reaching $86.53. 298,661 shares of the stock were exchanged, compared to its average volume of 241,915. The stock has a 50 day moving average of $83.71 and a two-hundred day moving average of $75.73. CBIZ has a twelve month low of $62.65 and a twelve month high of $89.25. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. The company has a market cap of $4.34 billion, a P/E ratio of 36.67 and a beta of 0.95.

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.