Venturi Wealth Management LLC Takes $110,000 Position in CBIZ, Inc. (NYSE:CBZ)

Venturi Wealth Management LLC purchased a new stake in shares of CBIZ, Inc. (NYSE:CBZ) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,350 shares of the business services provider’s stock, valued at approximately $110,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Retirement Systems of Alabama lifted its position in shares of CBIZ by 10.3% during the 3rd quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider’s stock valued at $5,800,000 after buying an additional 8,032 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in CBIZ by 22.2% during the third quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider’s stock valued at $3,226,000 after purchasing an additional 8,695 shares during the last quarter. Cannon Global Investment Management LLC purchased a new stake in CBIZ during the third quarter valued at about $740,000. Quantbot Technologies LP boosted its position in CBIZ by 960.9% during the third quarter. Quantbot Technologies LP now owns 38,850 shares of the business services provider’s stock worth $2,614,000 after purchasing an additional 35,188 shares during the period. Finally, Citigroup Inc. increased its stake in shares of CBIZ by 205.1% in the third quarter. Citigroup Inc. now owns 53,204 shares of the business services provider’s stock worth $3,580,000 after purchasing an additional 35,768 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

CBIZ Stock Performance

CBIZ stock opened at $83.89 on Monday. CBIZ, Inc. has a fifty-two week low of $62.65 and a fifty-two week high of $89.25. The firm’s fifty day moving average price is $84.10 and its 200-day moving average price is $76.08. The stock has a market cap of $4.21 billion, a P/E 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.

Analyst Ratings Changes

Separately, StockNews.com raised shares of CBIZ from a “sell” rating to a “hold” rating in a 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.