Millington Financial Advisors LLC Buys 882 Shares of CBIZ, Inc. (NYSE:CBZ)

Millington Financial Advisors LLC increased its stake in shares of CBIZ, Inc. (NYSE:CBZFree Report) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,696 shares of the business services provider’s stock after purchasing an additional 882 shares during the quarter. CBIZ makes up about 1.4% of Millington Financial Advisors LLC’s portfolio, making the stock its 19th largest holding. Millington Financial Advisors LLC owned about 0.06% of CBIZ worth $1,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in CBZ. Morgan Stanley grew its holdings in CBIZ by 853.9% during the 4th quarter. Morgan Stanley now owns 3,871,416 shares of the business services provider’s stock worth $181,376,000 after acquiring an additional 3,465,585 shares during the last quarter. BlackRock Inc. grew its holdings in CBIZ by 5.6% during the 2nd quarter. BlackRock Inc. now owns 3,440,914 shares of the business services provider’s stock worth $183,332,000 after acquiring an additional 184,006 shares during the last quarter. Eaton Vance Management grew its holdings in CBIZ by 14.3% during the 1st quarter. Eaton Vance Management now owns 2,923,896 shares of the business services provider’s stock worth $122,716,000 after acquiring an additional 364,887 shares during the last quarter. Vanguard Group Inc. grew its holdings in CBIZ by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 2,551,939 shares of the business services provider’s stock worth $107,105,000 after acquiring an additional 23,498 shares during the last quarter. Finally, Burgundy Asset Management Ltd. grew its holdings in CBIZ by 4.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,884,884 shares of the business services provider’s stock worth $100,427,000 after acquiring an additional 76,948 shares during the last quarter. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Sidoti lowered shares of CBIZ from a “buy” rating to a “neutral” rating and set a $63.00 target price on the stock. in a report on Tuesday, January 2nd.

View Our Latest Stock Report on CBZ

Insider Activity

In other news, insider Ware H. Grove sold 6,849 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $57.99, for a total value of $397,173.51. Following the sale, the insider now directly owns 267,675 shares of the company’s stock, valued at approximately $15,522,473.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 5.40% of the company’s stock.

CBIZ Trading Down 0.2 %

NYSE:CBZ opened at $65.14 on Thursday. The firm’s fifty day moving average is $62.12 and its 200-day moving average is $57.01. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.40 and a current ratio of 1.40. CBIZ, Inc. has a 52 week low of $45.40 and a 52 week high of $66.15. The firm has a market cap of $3.25 billion, a P/E ratio of 27.03 and a beta of 0.80.

CBIZ Company Profile

(Free Report)

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through three segments: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.

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Institutional Ownership by Quarter for CBIZ (NYSE:CBZ)

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