McElhenny Sheffield Capital Management LLC Invests $12.12 Million in CBIZ, Inc. $CBZ

Key Points

• McElhenny Sheffield Capital Management LLC invested approximately $12.12 million in CBIZ, Inc., purchasing 169,000 shares, making it the firm's 23rd largest holding.
• Insider transactions revealed that Director Rodney A. Young acquired 2,000 shares at an average price of $62.43, increasing his ownership by 31.70%.
• CBIZ, Inc. reported a net margin of 4.51% and a year-over-year revenue increase of 62.7%, with quarterly earnings surpassing analysts' expectations.

McElhenny Sheffield Capital Management LLC bought a new position in CBIZ, Inc. (NYSE:CBZ - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 169,000 shares of the business services provider's stock, valued at approximately $12,119,000. CBIZ accounts for approximately 0.8% of McElhenny Sheffield Capital Management LLC's investment portfolio, making the stock its 23rd largest holding. McElhenny Sheffield Capital Management LLC owned 0.31% of CBIZ as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CBZ. Quarry LP purchased a new position in CBIZ during the 1st quarter valued at about $26,000. MAI Capital Management boosted its holdings in shares of CBIZ by 243.9% in the first quarter. MAI Capital Management now owns 423 shares of the business services provider's stock worth $32,000 after buying an additional 300 shares during the last quarter. Whittier Trust Co. purchased a new position in shares of CBIZ in the first quarter worth approximately $34,000. Olde Wealth Management LLC purchased a new position in shares of CBIZ in the first quarter worth approximately $55,000. Finally, Assetmark Inc. lifted its stake in shares of CBIZ by 19.9% during the 1st quarter. Assetmark Inc. now owns 905 shares of the business services provider's stock valued at $69,000 after buying an additional 150 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CBIZ

In related 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 purchased at an average price of $62.43 per share, with a total value of $124,860.00. Following the purchase, the director owned 8,310 shares of the company's stock, valued at $518,793.30. The trade was a 31.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.95% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. William Blair restated an "outperform" rating on shares of CBIZ in a research report on Friday, September 5th. Weiss Ratings restated a "hold (c-)" rating on shares of CBIZ in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

CBIZ Price Performance

Shares of NYSE CBZ opened at $56.75 on Thursday. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 32.61 and a beta of 0.90. CBIZ, Inc. has a 12 month low of $50.51 and a 12 month high of $90.13. The firm's 50 day simple moving average is $59.42 and its 200-day simple moving average is $68.28. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.60 and a quick ratio of 1.60.

CBIZ (NYSE:CBZ - Get Free Report) last issued 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 net margin of 4.51% and a return on equity of 14.73%. The business had revenue of $683.50 million for the quarter, compared to analysts' expectations of $701.43 million. During the same quarter last year, the company earned $0.39 EPS. 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. Analysts expect that CBIZ, Inc. will post 2.65 EPS for the current year.

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.

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