Silvercrest Asset Management Group LLC Sells 52,049 Shares of CBIZ, Inc. (NYSE:CBZ)

Silvercrest Asset Management Group LLC decreased its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 813,868 shares of the business services provider's stock after selling 52,049 shares during the period. Silvercrest Asset Management Group LLC owned approximately 1.62% of CBIZ worth $66,599,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Barclays PLC lifted its stake in CBIZ by 362.1% during the third quarter. Barclays PLC now owns 78,711 shares of the business services provider's stock valued at $5,298,000 after purchasing an additional 61,679 shares during the last quarter. Argent Capital Management LLC boosted its stake in shares of CBIZ by 13.3% during the 4th quarter. Argent Capital Management LLC now owns 86,079 shares of the business services provider's stock worth $7,044,000 after acquiring an additional 10,098 shares in the last quarter. Artemis Investment Management LLP boosted its stake in shares of CBIZ by 18.5% during the 4th quarter. Artemis Investment Management LLP now owns 393,910 shares of the business services provider's stock worth $32,234,000 after acquiring an additional 61,376 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of CBIZ by 31.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,227 shares of the business services provider's stock worth $182,000 after purchasing an additional 529 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of CBIZ by 7.2% during the fourth quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider's stock valued at $208,000 after acquiring an additional 170 shares during the period. Institutional investors and hedge funds own 87.44% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CBZ shares. William Blair reaffirmed an "outperform" rating on shares of CBIZ in a report on Friday, April 25th. StockNews.com cut shares of CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th.

CBIZ Stock Performance

NYSE CBZ traded down $1.51 during trading on Wednesday, hitting $72.09. The company's stock had a trading volume of 76,173 shares, compared to its average volume of 345,346. CBIZ, Inc. has a 52 week low of $62.66 and a 52 week high of $90.13. The firm has a market cap of $3.92 billion, a P/E ratio of 30.61 and a beta of 0.91. The firm has a 50 day moving average price of $73.35 and a 200 day moving average price of $78.46. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36.

CBIZ (NYSE:CBZ - Get Free Report) last released its earnings results on Thursday, April 24th. The business services provider reported $2.29 EPS for the quarter, beating the consensus estimate of $2.11 by $0.18. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The firm had revenue of $838.01 million during the quarter, compared to analysts' expectations of $860.25 million. During the same period in the prior year, the company earned $1.54 EPS. The business's quarterly revenue was up 69.5% compared to the same quarter last year. Equities research analysts forecast that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $71.75, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.95% of the stock is owned by corporate insiders.

CBIZ Company 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.