Advantage Alpha Capital Partners LP Has $4.01 Million Stake 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 increased its holdings in CBIZ, Inc. (NYSE:CBZ - Free Report) by 9.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,871 shares of the business services provider's stock after buying an additional 4,572 shares during the period. Advantage Alpha Capital Partners LP owned 0.10% of CBIZ worth $4,011,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Burgundy Asset Management Ltd. raised its position in shares of CBIZ by 6.7% in the first quarter. Burgundy Asset Management Ltd. now owns 2,220,266 shares of the business services provider's stock valued at $168,429,000 after buying an additional 138,886 shares in the last quarter. Northern Trust Corp raised its position in shares of CBIZ by 0.7% in the fourth quarter. Northern Trust Corp now owns 940,717 shares of the business services provider's stock valued at $76,979,000 after buying an additional 6,540 shares in the last quarter. GW&K Investment Management LLC raised its position in shares of CBIZ by 9.7% in the first quarter. GW&K Investment Management LLC now owns 893,516 shares of the business services provider's stock valued at $67,782,000 after buying an additional 78,811 shares in the last quarter. Artemis Investment Management LLP increased its stake in CBIZ by 60.4% in the first quarter. Artemis Investment Management LLP now owns 631,893 shares of the business services provider's stock valued at $47,935,000 after acquiring an additional 237,983 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in CBIZ by 3.4% in the fourth quarter. Bank of America Corp DE now owns 431,750 shares of the business services provider's stock valued at $35,330,000 after acquiring an additional 14,006 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, William Blair reissued an "outperform" rating on shares of CBIZ in a research note on Friday, April 25th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, CBIZ currently has a consensus rating of "Buy".

Insider Buying and Selling at CBIZ

In related news, Director Rodney A. Young bought 2,000 shares of the firm's stock in a transaction on Friday, August 8th. The shares were purchased at an average price of $62.43 per share, with a total value of $124,860.00. Following the completion of the purchase, the director owned 8,310 shares in the company, valued at $518,793.30. This represents a 31.70% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 4.95% of the company's stock.

CBIZ Stock Performance

Shares of NYSE:CBZ opened at $64.5950 on Friday. The company's 50 day simple moving average is $69.46 and its 200 day simple moving average is $73.38. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 37.12 and a beta of 0.92. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.60 and a quick ratio of 1.60. CBIZ, Inc. has a 1 year low of $56.83 and a 1 year high of $90.13.

CBIZ (NYSE:CBZ - Get Free Report) last posted its 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 firm had revenue of $683.50 million for the quarter, compared to analysts' expectations of $701.43 million. CBIZ had a net margin of 4.51% and a return on equity of 14.73%. The company's revenue was up 62.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. As a group, research analysts predict that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

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.

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