Aster Capital Management DIFC Ltd Decreases Position in CBIZ, Inc. (NYSE:CBZ)

Aster Capital Management DIFC Ltd cut its position in CBIZ, Inc. (NYSE:CBZ) by 87.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 436 shares of the business services provider’s stock after selling 2,962 shares during the period. Aster Capital Management DIFC Ltd’s holdings in CBIZ were worth $36,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Royce & Associates LP raised its holdings in CBIZ by 7.0% in the fourth quarter. Royce & Associates LP now owns 208,919 shares of the business services provider’s stock worth $17,096,000 after buying an additional 13,738 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of CBIZ by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 535,880 shares of the business services provider’s stock worth $43,851,000 after acquiring an additional 10,550 shares during the period. Retirement Systems of Alabama grew its stake in shares of CBIZ by 10.3% in the third quarter. Retirement Systems of Alabama now owns 86,194 shares of the business services provider’s stock worth $5,800,000 after acquiring an additional 8,032 shares during the period. Principal Financial Group Inc. grew its stake in shares of CBIZ by 13.1% in the fourth quarter. Principal Financial Group Inc. now owns 31,523 shares of the business services provider’s stock worth $2,580,000 after acquiring an additional 3,663 shares during the period. Finally, King Luther Capital Management Corp grew its stake in shares of CBIZ by 11.3% in 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 acquiring an additional 8,365 shares during the period. 87.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CBZ has been the subject of a number of research analyst reports. StockNews.com lowered shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th. William Blair reiterated an “outperform” rating on shares of CBIZ in a research note on Thursday, February 27th.

Insider Activity at CBIZ

In related news, Director Benaree Pratt Wiley sold 6,526 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total transaction of $468,240.50. Following the completion of the sale, the director now directly owns 41,759 shares in the company, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.40% of the stock is currently owned by company insiders.

CBIZ Stock Performance

Shares of NYSE CBZ opened at $76.25 on Thursday. The firm has a 50 day moving average of $78.01 and a 200 day moving average of $77.15. 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 firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 32.31 and a beta of 0.90. CBIZ, Inc. has a 12-month low of $62.66 and a 12-month high of $90.13.

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.