Geneva Capital Management LLC Increases Stock Position in CBIZ, Inc. (NYSE:CBZ)

Geneva Capital Management LLC grew its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 49.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 423,407 shares of the business services provider’s stock after buying an additional 140,493 shares during the quarter. Geneva Capital Management LLC owned 0.84% of CBIZ worth $34,647,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CBZ. FMR LLC raised its position in shares of CBIZ by 27.4% during the 3rd quarter. FMR LLC now owns 594,660 shares of the business services provider’s stock valued at $40,015,000 after buying an additional 127,822 shares in the last quarter. Premier Fund Managers Ltd raised its position in shares of CBIZ by 14.0% during the 3rd quarter. Premier Fund Managers Ltd now owns 813,698 shares of the business services provider’s stock valued at $54,375,000 after buying an additional 100,000 shares in the last quarter. Barclays PLC raised its position in shares of CBIZ by 362.1% during the 3rd quarter. Barclays PLC now owns 78,711 shares of the business services provider’s stock valued at $5,298,000 after buying an additional 61,679 shares in the last quarter. Artemis Investment Management LLP raised its position 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 valued at $32,234,000 after buying an additional 61,376 shares in the last quarter. Finally, Bancreek Capital Management LP raised its position in shares of CBIZ by 49.3% during the 3rd quarter. Bancreek Capital Management LP now owns 150,212 shares of the business services provider’s stock valued at $10,108,000 after buying an additional 49,629 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

CBIZ Stock Performance

Shares of NYSE:CBZ opened at $73.15 on Thursday. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 31.00 and a beta of 0.95. CBIZ, Inc. has a 12 month low of $62.65 and a 12 month high of $90.13. The firm’s 50-day moving average is $83.95 and its 200 day moving average is $76.63. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36.

Analyst Upgrades and Downgrades

CBZ has been the topic of several recent research reports. William Blair restated an “outperform” rating on shares of CBIZ in a research report 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.

About CBIZ

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.