CBIZ, Inc. (NYSE:CBZ) Shares Sold by Bancreek Capital Management LP

Bancreek Capital Management LP cut its position in CBIZ, Inc. (NYSE:CBZ) by 38.9% during the fourth quarter, HoldingsChannel reports. The firm owned 91,730 shares of the business services provider’s stock after selling 58,482 shares during the quarter. CBIZ accounts for 7.3% of Bancreek Capital Management LP’s holdings, making the stock its 3rd biggest position. Bancreek Capital Management LP’s holdings in CBIZ were worth $7,506,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in shares of CBIZ by 75.0% during the fourth 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 during the 4th quarter worth about $60,000. Quarry LP boosted its position in shares of CBIZ by 6,335.3% during the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock worth $74,000 after acquiring an additional 1,077 shares in the last quarter. KBC Group NV increased its holdings in shares of CBIZ by 29.7% in the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 356 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in shares of CBIZ during the 4th quarter worth about $110,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

CBIZ Trading Up 0.0 %

NYSE:CBZ opened at $72.97 on Friday. The company has a market capitalization of $3.92 billion, a PE ratio of 30.92 and a beta of 0.99. CBIZ, Inc. has a 52-week low of $62.66 and a 52-week high of $90.13. The stock’s 50 day moving average price is $81.19 and its 200 day moving average price is $76.53. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36.

Insider Activity

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total value of $468,240.50. Following the transaction, the director now directly owns 41,759 shares in the company, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. StockNews.com downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th. William Blair reissued an “outperform” rating on shares of CBIZ in a research report 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.