Advantage Alpha Capital Partners LP Grows Holdings in CBIZ, Inc. $CBZ

Key Points

• Advantage Alpha Capital Partners LP has increased its stake in CBIZ, Inc. by 9.5%, now owning approximately $4.01 million worth of the company's stock following the recent purchase of additional shares.
• The institutional ownership of CBIZ is significant, with 87.44% of the company's stock held by institutional investors and hedge funds.
• CBIZ reported earnings of $0.95 per share for the last quarter, exceeding analyst expectations, and projected FY 2025 earnings guidance between 3.600 and 3.650 EPS.

Advantage Alpha Capital Partners LP lifted its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 9.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,871 shares of the business services provider's stock after purchasing an additional 4,572 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.10% of CBIZ worth $4,011,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBZ. Whittier Trust Co. bought a new position in shares of CBIZ during the first quarter worth $34,000. McIlrath & Eck LLC grew its stake in CBIZ by 193.2% in the 4th quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider's stock valued at $46,000 after buying an additional 367 shares during the last quarter. Olde Wealth Management LLC bought a new stake in CBIZ in the 1st quarter valued at about $55,000. Assetmark Inc. boosted its holdings in CBIZ by 19.9% in the 1st quarter. Assetmark Inc. now owns 905 shares of the business services provider's stock valued at $69,000 after purchasing an additional 150 shares during the period. Finally, ArrowMark Colorado Holdings LLC bought a new stake in CBIZ in the 4th quarter valued at about $204,000. 87.44% of the stock is owned by institutional investors.

CBIZ Stock Performance

NYSE CBZ traded up $0.80 during trading on Wednesday, reaching $65.83. The company's stock had a trading volume of 138,856 shares, compared to its average volume of 457,242. The firm has a 50 day moving average price of $69.27 and a 200 day moving average price of $72.83. CBIZ, Inc. has a 12 month low of $56.83 and a 12 month high of $90.13. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 37.86 and a beta of 0.92.

CBIZ (NYSE:CBZ - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The business services provider reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.11. The company had revenue of $683.50 million during the quarter, compared to the consensus estimate of $701.43 million. CBIZ had a net margin of 4.51% and a return on equity of 14.73%. The firm's quarterly revenue was up 62.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 EPS. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. As a group, equities analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Insider Buying and Selling at CBIZ

In related news, Director Rodney A. Young purchased 2,000 shares of CBIZ stock in a transaction on Friday, August 8th. The stock was acquired at an average cost of $62.43 per share, for a total transaction of $124,860.00. Following the completion of the acquisition, the director owned 8,310 shares of the company's stock, valued at $518,793.30. This trade represents a 31.70% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.95% of the stock is currently owned by company insiders.

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.