Universal Beteiligungs und Servicegesellschaft mbH Has $292,000 Stake in CBIZ, Inc. $CBZ

Universal Beteiligungs und Servicegesellschaft mbH reduced its position in CBIZ, Inc. (NYSE:CBZ) by 74.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,519 shares of the business services provider’s stock after selling 16,049 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in CBIZ were worth $292,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. William Blair Investment Management LLC bought a new position in shares of CBIZ in the second quarter valued at $21,739,000. Montrusco Bolton Investments Inc. acquired a new stake in shares of CBIZ in the 2nd quarter worth about $16,736,000. JPMorgan Chase & Co. lifted its position in CBIZ by 30.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 985,958 shares of the business services provider’s stock valued at $70,703,000 after acquiring an additional 232,438 shares in the last quarter. McElhenny Sheffield Capital Management LLC bought a new position in CBIZ in the 2nd quarter valued at about $12,119,000. Finally, Alpha Wave Global LP boosted its stake in CBIZ by 162.2% during the 2nd quarter. Alpha Wave Global LP now owns 232,021 shares of the business services provider’s stock valued at $16,638,000 after purchasing an additional 143,526 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CBZ. Weiss Ratings reissued a “sell (d+)” rating on shares of CBIZ in a research note on Wednesday, January 21st. CJS Securities upgraded CBIZ to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on CBIZ in a research note on Monday, January 12th. They set a “hold” rating and a $60.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, CBIZ has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Insider Activity at CBIZ

In other CBIZ news, Director Benaree Pratt Wiley sold 8,288 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $49.54, for a total transaction of $410,587.52. Following the completion of the transaction, the director directly owned 35,956 shares of the company’s stock, valued at approximately $1,781,260.24. This represents a 18.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brad S. Lakhia bought 2,060 shares of the stock in a transaction on Wednesday, November 26th. The stock was purchased at an average price of $48.51 per share, for a total transaction of $99,930.60. Following the completion of the purchase, the chief financial officer owned 40,584 shares of the company’s stock, valued at approximately $1,968,729.84. This trade represents a 5.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 4.95% of the stock is currently owned by corporate insiders.

CBIZ Price Performance

Shares of NYSE:CBZ opened at $36.91 on Wednesday. The company has a market capitalization of $2.01 billion, a P/E ratio of 24.29 and a beta of 0.92. The company’s 50-day moving average is $49.47 and its 200 day moving average is $55.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.57 and a current ratio of 1.57. CBIZ, Inc. has a fifty-two week low of $36.01 and a fifty-two week high of $90.13.

About CBIZ

CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.