Commerce Bank acquired a new position in shares of CBIZ, Inc. (NYSE:CBZ – Get Rating) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,024 shares of the business services provider's stock, valued at approximately $215,000.
A number of other institutional investors have also made changes to their positions in the stock. Nisa Investment Advisors LLC grew its stake in shares of CBIZ by 20.8% during the second quarter. Nisa Investment Advisors LLC now owns 2,960 shares of the business services provider's stock worth $118,000 after purchasing an additional 510 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in CBIZ by 8.4% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,749 shares of the business services provider's stock worth $332,000 after acquiring an additional 600 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in CBIZ by 179.9% during the third quarter. Rockefeller Capital Management L.P. now owns 1,198 shares of the business services provider's stock worth $51,000 after acquiring an additional 770 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in CBIZ by 113.6% during the second quarter. Macquarie Group Ltd. now owns 1,566 shares of the business services provider's stock worth $62,000 after acquiring an additional 833 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in CBIZ by 2.9% during the second quarter. Legal & General Group Plc now owns 45,412 shares of the business services provider's stock worth $1,814,000 after acquiring an additional 1,301 shares in the last quarter. 88.74% of the stock is owned by institutional investors and hedge funds.
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Separately, StockNews.com began coverage on CBIZ in a report on Wednesday, October 12th. They set a "hold" rating on the stock.
Insiders Place Their Bets
In other news, insider Ware H. Grove sold 8,000 shares of the business's stock in a transaction dated 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 directly owns 257,844 shares in the company, valued at $12,933,455.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 6.80% of the company's stock.CBIZ Stock Performance
CBZ stock opened at $49.35 on Friday. The business's 50-day moving average price is $47.82 and its two-hundred day moving average price is $46.32. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.35. The firm has a market cap of $2.51 billion, a PE ratio of 24.19 and a beta of 0.74. CBIZ, Inc. has a 1-year low of $35.46 and a 1-year high of $51.67.
CBIZ Company Profile
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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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