Dimensional Fund Advisors LP Lowers Stock Holdings in CBIZ, Inc. $CBZ

Key Points

• Dimensional Fund Advisors LP has reduced its stake in CBIZ, Inc. by 5.3%, owning approximately 2.59% of the company after selling 79,687 shares.
• Director Rodney A. Young significantly increased his ownership by purchasing 2,000 shares at a total cost of $124,860, raising his position by 31.70%.
• CBIZ's latest earnings report showed earnings per share (EPS) of $0.95, outperforming analysts' estimates and demonstrating a 62.7% year-over-year increase in revenue.

Dimensional Fund Advisors LP decreased its position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 5.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,409,791 shares of the business services provider's stock after selling 79,687 shares during the quarter. Dimensional Fund Advisors LP owned 2.59% of CBIZ worth $106,942,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Neuberger Berman Group LLC grew its holdings in shares of CBIZ by 6.9% during the first quarter. Neuberger Berman Group LLC now owns 139,445 shares of the business services provider's stock valued at $10,578,000 after buying an additional 9,060 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in CBIZ by 76.3% in the first quarter. Russell Investments Group Ltd. now owns 63,868 shares of the business services provider's stock worth $4,845,000 after purchasing an additional 27,643 shares during the last quarter. Callan Family Office LLC boosted its holdings in CBIZ by 4.1% in the first quarter. Callan Family Office LLC now owns 12,423 shares of the business services provider's stock worth $942,000 after purchasing an additional 489 shares during the last quarter. Nuveen LLC purchased a new stake in CBIZ in the first quarter worth approximately $23,494,000. Finally, Cynosure Group LLC boosted its holdings in CBIZ by 30.0% in the first quarter. Cynosure Group LLC now owns 9,729 shares of the business services provider's stock worth $738,000 after purchasing an additional 2,243 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

CBIZ Stock Performance

CBZ stock traded down $0.75 on Thursday, hitting $65.02. The company had a trading volume of 85,953 shares, compared to its average volume of 456,505. The stock's 50-day simple moving average is $69.22 and its 200 day simple moving average is $72.78. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 37.42 and a beta of 0.92. 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.

CBIZ (NYSE:CBZ - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.11. The company had revenue of $683.50 million for 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%. CBIZ's revenue for the quarter was up 62.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 EPS. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. As a group, equities research analysts expect that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Insider Transactions at CBIZ

In related news, Director Rodney A. Young purchased 2,000 shares of CBIZ stock in a transaction on Friday, August 8th. The shares were bought at an average cost of $62.43 per share, for a total transaction of $124,860.00. Following the acquisition, the director owned 8,310 shares in the company, valued at approximately $518,793.30. The trade was a 31.70% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.95% of the company's stock.

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.