Blair William & Co. IL Has $31.16 Million Stake in CBIZ, Inc. $CBZ

Key Points

• Blair William & Co. IL has increased its stake in CBIZ, Inc. by 1.6% to approximately $31.16 million, owning about 0.80% of the company after purchasing 6,893 additional shares.
• CBIZ reported an EPS of $0.95 for the last quarter, exceeding analysts' expectations of $0.84, although its revenue of $683.50 million fell short of the anticipated $701.43 million.
• Currently, 87.44% of CBIZ's stock is owned by institutional investors and hedge funds, highlighting significant institutional support for the company.

Blair William & Co. IL increased its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 434,498 shares of the business services provider's stock after purchasing an additional 6,893 shares during the quarter. Blair William & Co. IL owned approximately 0.80% of CBIZ worth $31,158,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CBZ. McElhenny Sheffield Capital Management LLC acquired a new position in shares of CBIZ during the second quarter worth approximately $12,119,000. Roundview Capital LLC lifted its holdings in shares of CBIZ by 17.1% during the second quarter. Roundview Capital LLC now owns 47,327 shares of the business services provider's stock worth $3,394,000 after buying an additional 6,904 shares during the last quarter. KLP Kapitalforvaltning AS lifted its holdings in shares of CBIZ by 23.0% during the second quarter. KLP Kapitalforvaltning AS now owns 10,700 shares of the business services provider's stock worth $767,000 after buying an additional 2,000 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of CBIZ by 22.0% during the second quarter. Valeo Financial Advisors LLC now owns 14,737 shares of the business services provider's stock worth $1,057,000 after buying an additional 2,660 shares during the last quarter. Finally, BloombergSen Inc. lifted its holdings in shares of CBIZ by 9.5% during the second quarter. BloombergSen Inc. now owns 1,119,362 shares of the business services provider's stock worth $80,269,000 after buying an additional 96,982 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

CBIZ Price Performance

CBIZ stock opened at $55.50 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a market cap of $3.00 billion, a P/E ratio of 31.90 and a beta of 0.90. The business's fifty day moving average is $59.31 and its two-hundred day moving average is $68.16. CBIZ, Inc. has a 52 week low of $50.51 and a 52 week high of $90.13.

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

Insider Activity

In other news, Director Rodney A. Young purchased 2,000 shares of the business's stock in a transaction dated Friday, August 8th. The shares were acquired 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 directly owned 8,310 shares of the company's stock, valued at $518,793.30. The trade was a 31.70% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.95% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CBZ. Weiss Ratings reiterated a "hold (c-)" rating on shares of CBIZ in a report on Wednesday. William Blair reiterated an "outperform" rating on shares of CBIZ in a report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, CBIZ has an average rating of "Moderate Buy".

CBIZ 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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