Charles Schwab Investment Management Inc. Has $39.76 Million Stock Position in CBIZ, Inc. $CBZ

Charles Schwab Investment Management Inc. cut its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 524,122 shares of the business services provider's stock after selling 11,758 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.96% of CBIZ worth $39,760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ameriprise Financial Inc. increased its stake in shares of CBIZ by 24.9% in the 4th quarter. Ameriprise Financial Inc. now owns 54,518 shares of the business services provider's stock valued at $4,461,000 after acquiring an additional 10,861 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of CBIZ in the 1st quarter valued at about $1,043,000. Fiera Capital Corp increased its stake in shares of CBIZ by 14.6% in the 1st quarter. Fiera Capital Corp now owns 234,522 shares of the business services provider's stock valued at $17,791,000 after acquiring an additional 29,902 shares during the last quarter. Pacific Capital Partners Ltd bought a new stake in shares of CBIZ in the 1st quarter valued at about $9,482,000. Finally, Blair William & Co. IL increased its stake in shares of CBIZ by 1.1% in the 1st quarter. Blair William & Co. IL now owns 427,605 shares of the business services provider's stock valued at $32,438,000 after acquiring an additional 4,739 shares during the last quarter. 87.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Rodney A. Young purchased 2,000 shares of CBIZ stock in a transaction on Friday, August 8th. The stock was purchased at an average price of $62.43 per share, with a total value of $124,860.00. Following the transaction, the director directly owned 8,310 shares in the company, valued at $518,793.30. The trade was a 31.70% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 4.95% of the stock is currently owned by company insiders.

CBIZ Stock Up 2.4%

Shares of CBZ traded up $1.5460 on Friday, hitting $66.2460. The company's stock had a trading volume of 151,773 shares, compared to its average volume of 458,426. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.79. The firm's fifty day moving average price is $69.46 and its 200-day moving average price is $73.38. CBIZ, Inc. has a fifty-two week low of $56.83 and a fifty-two week high of $90.13. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of 38.08 and a beta of 0.92.

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

Analysts Set New Price Targets

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

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.