Frank Rimerman Advisors LLC Invests $225,000 in CBIZ, Inc. (NYSE:CBZ)

Frank Rimerman Advisors LLC bought a new position in shares of CBIZ, Inc. (NYSE:CBZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,750 shares of the business services provider’s stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Swiss National Bank lifted its holdings in shares of CBIZ by 0.7% during the fourth quarter. Swiss National Bank now owns 88,900 shares of the business services provider’s stock worth $7,275,000 after buying an additional 600 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of CBIZ by 47.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 4,747 shares of the business services provider’s stock worth $388,000 after buying an additional 1,536 shares in the last quarter. Great Lakes Advisors LLC lifted its holdings in shares of CBIZ by 92.4% during the fourth quarter. Great Lakes Advisors LLC now owns 46,307 shares of the business services provider’s stock worth $3,789,000 after buying an additional 22,238 shares in the last quarter. King Luther Capital Management Corp lifted its holdings in shares of CBIZ by 11.3% during the fourth quarter. King Luther Capital Management Corp now owns 82,135 shares of the business services provider’s stock worth $6,721,000 after buying an additional 8,365 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich raised its stake in CBIZ by 14.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 152,368 shares of the business services provider’s stock valued at $12,564,000 after purchasing an additional 19,444 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Insider Buying and Selling at CBIZ

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of CBIZ stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $71.75, for a total value of $468,240.50. Following the transaction, the director now owns 41,759 shares in the company, valued at $2,996,208.25. The trade was a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.40% of the company’s stock.

CBIZ Stock Up 2.4 %

CBZ stock opened at $71.14 on Tuesday. CBIZ, Inc. has a 52 week low of $62.66 and a 52 week high of $90.13. 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 business has a 50-day simple moving average of $81.93 and a 200 day simple moving average of $76.60. The company has a market cap of $3.82 billion, a PE ratio of 30.14 and a beta of 0.99.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. William Blair reaffirmed an “outperform” rating on shares of CBIZ in a research note on Thursday, February 27th. StockNews.com downgraded CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th.

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.