Intech Investment Management LLC Raises Holdings in CBIZ, Inc. $CBZ

Key Points

• Intech Investment Management LLC increased its holdings in CBIZ, Inc. by 37.0% during the first quarter, bringing its total ownership to approximately $2.4 million worth of shares.
• CBIZ recently reported earnings per share of $0.95, surpassing analysts' expectations of $0.84, and has set a FY 2025 EPS guidance of 3.600-3.650.
• Institutional investors own 87.44% of CBIZ's stock, indicating strong institutional interest in the company amidst a volatile trading environment.

Intech Investment Management LLC lifted its position in CBIZ, Inc. (NYSE:CBZ - Free Report) by 37.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,596 shares of the business services provider's stock after purchasing an additional 8,532 shares during the quarter. Intech Investment Management LLC owned 0.06% of CBIZ worth $2,397,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP purchased a new position in shares of CBIZ in the fourth quarter valued at about $32,859,000. Nuveen LLC purchased a new position in CBIZ in the 1st quarter worth $23,494,000. Waters Parkerson & CO. LLC purchased a new position in shares of CBIZ during the 4th quarter valued at about $23,383,000. Artemis Investment Management LLP boosted its holdings in CBIZ by 60.4% in the 1st quarter. Artemis Investment Management LLP now owns 631,893 shares of the business services provider's stock worth $47,935,000 after buying an additional 237,983 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of CBIZ by 90.7% during the 1st quarter. Royal Bank of Canada now owns 396,278 shares of the business services provider's stock valued at $30,062,000 after buying an additional 188,472 shares during the period. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, William Blair reissued an "outperform" rating on shares of CBIZ in a report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, CBIZ has a consensus rating of "Buy".

Insider Activity at CBIZ

In other news, Director Rodney A. Young acquired 2,000 shares of the firm's stock in a transaction on Friday, August 8th. The stock was acquired at an average price of $62.43 per share, for a total transaction of $124,860.00. Following the completion of the acquisition, the director owned 8,310 shares in the company, valued at $518,793.30. This trade represents a 31.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.95% of the company's stock.

CBIZ Stock Down 2.2%

CBZ stock traded down $1.23 during trading hours on Friday, hitting $53.66. The company's stock had a trading volume of 1,862,854 shares, compared to its average volume of 580,931. 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 company has a market capitalization of $2.90 billion, a PE ratio of 30.84 and a beta of 0.95. CBIZ, Inc. has a 12 month low of $53.58 and a 12 month high of $90.13. The stock has a 50 day moving average price of $64.80 and a two-hundred day moving average price of $69.82.

CBIZ (NYSE:CBZ - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The business services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.11. The business had revenue of $683.50 million for the quarter, compared to analyst estimates of $701.43 million. CBIZ had a net margin of 4.51% and a return on equity of 14.73%. CBIZ's quarterly revenue was up 62.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 EPS. 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 earnings per share for the current 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.