Dimensional Fund Advisors LP Sells 79,687 Shares of 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 lessened its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and 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 approximately 2.59% of CBIZ worth $106,942,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Neuberger Berman Group LLC boosted its holdings in shares of CBIZ by 6.9% in the 1st 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 shares of CBIZ by 76.3% in the 1st quarter. Russell Investments Group Ltd. now owns 63,868 shares of the business services provider's stock valued at $4,845,000 after buying an additional 27,643 shares during the last quarter. Callan Family Office LLC boosted its holdings in shares of CBIZ by 4.1% in the 1st quarter. Callan Family Office LLC now owns 12,423 shares of the business services provider's stock valued at $942,000 after buying an additional 489 shares during the last quarter. Nuveen LLC acquired a new stake in shares of CBIZ in the 1st quarter valued at approximately $23,494,000. Finally, Cynosure Group LLC boosted its holdings in shares of CBIZ by 30.0% in the 1st quarter. Cynosure Group LLC now owns 9,729 shares of the business services provider's stock valued at $738,000 after buying an additional 2,243 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

Insiders Place Their Bets

In other CBIZ news, Director Rodney A. Young purchased 2,000 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average price of $62.43 per share, for a total transaction of $124,860.00. Following the purchase, the director owned 8,310 shares in the company, valued at approximately $518,793.30. The trade was a 31.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 4.95% of the company's stock.

CBIZ Stock Up 1.2%

Shares of NYSE CBZ traded up $0.76 during trading hours on Wednesday, hitting $65.79. The company had a trading volume of 215,440 shares, compared to its average volume of 457,707. The stock has a market capitalization of $3.55 billion, a P/E ratio of 37.79 and a beta of 0.92. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.79. CBIZ, Inc. has a 1-year low of $56.83 and a 1-year high of $90.13. The firm's 50 day moving average is $69.27 and its 200-day moving average is $72.83.

CBIZ (NYSE:CBZ - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The business services provider reported $0.95 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 company had revenue of $683.50 million during the quarter, compared to the consensus estimate of $701.43 million. During the same quarter in the prior year, the firm posted $0.39 EPS. The firm's revenue for the quarter 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, analysts expect that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

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.