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

Invesco Ltd. lifted its position in shares of CBIZ, Inc. (NYSE:CBZ) by 157.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 769,209 shares of the business services provider’s stock after purchasing an additional 470,095 shares during the period. Invesco Ltd.’s holdings in CBIZ were worth $62,944,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in 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. State Street Corp increased its holdings 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 last quarter. Geode Capital Management LLC increased 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 valued at $74,644,000 after acquiring an additional 11,615 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of CBIZ by 7.5% during 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in CBIZ by 2.0% during the fourth 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 last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on CBZ shares. StockNews.com lowered shares of 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 report on Thursday, February 27th.

CBIZ Stock Up 2.7 %

CBIZ stock opened at $79.83 on Tuesday. The company has a market capitalization of $4.32 billion, a P/E ratio of 33.83 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. CBIZ, Inc. has a fifty-two week low of $62.66 and a fifty-two week high of $90.13. The stock has a 50-day simple moving average of $77.49 and a 200-day simple moving average of $77.45.

Insiders Place Their Bets

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total transaction 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. This trade represents a 13.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.40% of the stock is currently owned by corporate insiders.

CBIZ 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.