GW&K Investment Management LLC Sells 3,523 Shares of CBIZ, Inc. (NYSE:CBZ)

GW&K Investment Management LLC trimmed its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 0.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 814,705 shares of the business services provider’s stock after selling 3,523 shares during the quarter. GW&K Investment Management LLC’s holdings in CBIZ were worth $66,667,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Geneva Capital Management LLC purchased a new stake in CBIZ during the 3rd quarter valued at $19,037,000. FMR LLC grew its stake in shares of CBIZ by 27.4% in the third 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 last quarter. Premier Fund Managers Ltd increased its holdings in 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 purchasing an additional 100,000 shares during the period. Barclays PLC raised its position in 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 purchasing an additional 61,679 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its holdings in CBIZ by 18.5% in the 4th quarter. Artemis Investment Management LLP now owns 393,910 shares of the business services provider’s stock worth $32,234,000 after buying an additional 61,376 shares during the period. 87.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. William Blair restated an “outperform” rating on shares of CBIZ in a report on Thursday. StockNews.com downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday.

CBIZ Price Performance

CBZ opened at $78.12 on Friday. CBIZ, Inc. has a 12-month low of $62.65 and a 12-month high of $90.13. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 33.10 and a beta of 0.95. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $84.22 and a two-hundred day simple moving average of $76.36.

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.