CBIZ, Inc. (NYSE:CBZ) Shares Bought by Invesco Ltd.

Invesco Ltd. grew its holdings in CBIZ, Inc. (NYSE:CBZ) by 157.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 769,209 shares of the business services provider’s stock after purchasing an additional 470,095 shares during the period. Invesco Ltd. owned approximately 1.53% of CBIZ worth $62,944,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in CBIZ by 0.9% in the 4th 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 during the period. State Street Corp raised its stake in shares of CBIZ by 0.9% in the 3rd quarter. State Street Corp now owns 1,130,848 shares of the business services provider’s stock valued at $76,095,000 after acquiring an additional 10,555 shares during the period. Geode Capital Management LLC lifted its holdings in shares of CBIZ by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,109,074 shares of the business services provider’s stock worth $74,644,000 after acquiring an additional 11,615 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of CBIZ by 7.5% in the 3rd 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. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of CBIZ by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider’s stock worth $43,851,000 after purchasing an additional 10,550 shares during the period. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total transaction of $468,240.50. Following the sale, the director now owns 41,759 shares of the company’s stock, valued at approximately $2,996,208.25. This represents a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CBZ shares. StockNews.com cut CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. William Blair reiterated an “outperform” rating on shares of CBIZ in a report on Thursday, February 27th.

CBIZ Trading Up 2.7 %

NYSE CBZ opened at $79.83 on Tuesday. 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 firm has a market cap of $4.32 billion, a price-to-earnings ratio of 33.83 and a beta of 0.90. The firm has a 50 day simple moving average of $77.49 and a 200-day simple moving average of $77.45. CBIZ, Inc. has a one year low of $62.66 and a one year high of $90.13.

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.