Cannon Global Investment Management LLC Decreases Stock Position in CBIZ, Inc. (NYSE:CBZ)

Cannon Global Investment Management LLC lessened its position in shares of CBIZ, Inc. (NYSE:CBZ) by 64.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,900 shares of the business services provider’s stock after selling 7,100 shares during the quarter. Cannon Global Investment Management LLC’s holdings in CBIZ were worth $319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System lifted its holdings in CBIZ by 1.0% during the fourth quarter. Arizona State Retirement System now owns 13,112 shares of the business services provider’s stock valued at $1,073,000 after purchasing an additional 125 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of CBIZ by 1.4% during the 4th quarter. Corient Private Wealth LLC now owns 9,510 shares of the business services provider’s stock valued at $778,000 after buying an additional 128 shares in the last quarter. Kensington Investment Counsel LLC boosted its holdings in CBIZ by 0.7% in the 4th quarter. Kensington Investment Counsel LLC now owns 20,211 shares of the business services provider’s stock worth $1,654,000 after buying an additional 132 shares during the period. SG Americas Securities LLC grew its stake in CBIZ by 7.2% in the 4th quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider’s stock valued at $208,000 after buying an additional 170 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in CBIZ by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 276 shares during the period. Institutional investors own 87.44% of the company’s stock.

Insider Buying and Selling at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the 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 owns 41,759 shares of the company’s stock, valued at $2,996,208.25. This represents a 13.52 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.40% of the company’s stock.

CBIZ Trading Up 0.0 %

Shares of CBZ stock opened at $72.97 on Monday. 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 business’s fifty day moving average is $81.19 and its 200 day moving average is $76.58. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49.

Analyst Ratings Changes

CBZ has been the topic of a number of analyst reports. William Blair reiterated an “outperform” rating on shares of CBIZ in a research note on Thursday, February 27th. StockNews.com downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th.

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.