Glenmede Trust Co. NA lifted its position in shares of CBIZ, Inc. (NYSE:CBZ – Get Rating) by 85.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,207 shares of the business services provider's stock after buying an additional 8,850 shares during the quarter. Glenmede Trust Co. NA's holdings in CBIZ were worth $821,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in CBZ. Eaton Vance Management boosted its holdings in CBIZ by 14.3% in the first quarter. Eaton Vance Management now owns 2,923,896 shares of the business services provider's stock worth $122,716,000 after acquiring an additional 364,887 shares in the last quarter. Vanguard Group Inc. grew its holdings in CBIZ by 0.9% in the first quarter. Vanguard Group Inc. now owns 2,551,939 shares of the business services provider's stock valued at $107,105,000 after purchasing an additional 23,498 shares during the period. Burgundy Asset Management Ltd. grew its holdings in CBIZ by 3.6% in the second quarter. Burgundy Asset Management Ltd. now owns 1,973,995 shares of the business services provider's stock valued at $78,881,000 after purchasing an additional 68,992 shares during the period. Victory Capital Management Inc. grew its holdings in CBIZ by 19.4% in the second quarter. Victory Capital Management Inc. now owns 1,941,467 shares of the business services provider's stock valued at $77,581,000 after purchasing an additional 315,309 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in CBIZ by 317.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,237,443 shares of the business services provider's stock valued at $51,935,000 after purchasing an additional 941,076 shares during the period. Institutional investors own 88.74% of the company's stock.
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CBIZ Trading Up 1.4 %
NYSE:CBZ traded up $0.64 on Tuesday, reaching $47.03. The company's stock had a trading volume of 40,721 shares, compared to its average volume of 154,606. CBIZ, Inc. has a 12-month low of $35.46 and a 12-month high of $51.67. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.35. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 22.74 and a beta of 0.76. The stock has a 50 day moving average price of $47.91 and a 200 day moving average price of $46.17.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on CBIZ in a research note on Wednesday, October 12th. They issued a "hold" rating on the stock.
Insider Buying and Selling at CBIZ
In other CBIZ news, insider Ware H. Grove sold 8,000 shares of CBIZ stock in a transaction on Friday, November 25th. The stock was sold at an average price of $50.16, for a total value of $401,280.00. Following the sale, the insider now owns 257,844 shares in the company, valued at $12,933,455.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.50% of the company's stock.
About CBIZ
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CBIZ, Inc engages in the provision of financial, insurance, and advisory services. It operates through the following segments: Financial Services, Benefits and Insurance Services, National Practices, and Corporate and Other. The Financial Services segment offers accounting, tax, government health care consulting, financial advisory, valuation, and risk advisory services.
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