Handelsbanken Fonder AB Grows Stock Position in CBIZ, Inc. (NYSE:CBZ)

Handelsbanken Fonder AB boosted its position in CBIZ, Inc. (NYSE:CBZ) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 322,000 shares of the business services provider’s stock after buying an additional 30,000 shares during the period. Handelsbanken Fonder AB owned approximately 0.64% of CBIZ worth $26,349,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CBZ. Geneva Capital Management LLC purchased a new position in CBIZ during the third quarter worth about $19,037,000. FMR LLC increased its position in CBIZ by 27.4% during the 3rd quarter. FMR LLC now owns 594,660 shares of the business services provider’s stock worth $40,015,000 after purchasing an additional 127,822 shares during the period. Premier Fund Managers Ltd raised its stake 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 worth $54,375,000 after buying an additional 100,000 shares in the last quarter. Barclays PLC lifted its holdings in shares of CBIZ by 362.1% in 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 during the period. Finally, Artemis Investment Management LLP lifted its holdings in shares of CBIZ by 18.5% in 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 during the period. 87.44% of the stock is owned by institutional investors and hedge funds.

CBIZ Stock Down 2.3 %

Shares of NYSE CBZ opened at $85.56 on Friday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $84.01 and a 200 day moving average price of $75.88. CBIZ, Inc. has a 52 week low of $62.65 and a 52 week high of $89.25. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 36.25 and a beta of 0.95.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded CBIZ from a “sell” rating to a “hold” rating in a research report on Friday, December 27th.

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.