Russell Investments Group Ltd. Buys 20,678 Shares of CBIZ, Inc. (NYSE:CBZ)

Russell Investments Group Ltd. increased its holdings in CBIZ, Inc. (NYSE:CBZ - Free Report) by 133.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,225 shares of the business services provider's stock after acquiring an additional 20,678 shares during the period. Russell Investments Group Ltd. owned about 0.07% of CBIZ worth $2,964,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in CBIZ by 5.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 74,964 shares of the business services provider's stock worth $6,134,000 after acquiring an additional 4,145 shares during the period. Wells Fargo & Company MN raised its stake in shares of CBIZ by 23.0% during the 4th quarter. Wells Fargo & Company MN now owns 42,803 shares of the business services provider's stock worth $3,503,000 after purchasing an additional 8,014 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of CBIZ during the 4th quarter worth $279,000. ExodusPoint Capital Management LP purchased a new position in shares of CBIZ in the 4th quarter worth about $3,634,000. Finally, Bryce Point Capital LLC bought a new position in CBIZ during the fourth quarter valued at about $288,000. Institutional investors and hedge funds own 87.44% of the company's stock.

CBIZ Stock Performance

CBZ traded up $1.32 during trading hours on Wednesday, hitting $77.28. The stock had a trading volume of 48,383 shares, compared to its average volume of 351,461. CBIZ, Inc. has a 1 year low of $62.65 and a 1 year high of $90.13. The company's fifty day simple moving average is $76.21 and its 200 day simple moving average is $77.84. The stock has a market cap of $4.18 billion, a PE ratio of 32.75 and a beta of 0.90. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. William Blair reaffirmed an "outperform" rating on shares of CBIZ in a research report on Thursday, February 27th. StockNews.com cut shares of CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th.

Insider Transactions at CBIZ

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the business'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 completion of the transaction, the director now owns 41,759 shares of the company's stock, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.95% of the company's stock.

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.