Montrusco Bolton Investments Inc. Takes Position in CBIZ, Inc. $CBZ

Key Points

• Montrusco Bolton Investments Inc. acquired 233,390 shares of CBIZ, valued at approximately $16.7 million, now owning 0.43% of the company as per its SEC filing.
• CBIZ's stock recently opened at $53.28, down 4.0%, with a market capitalization of $2.88 billion and a reported EPS of $0.95 for the last quarter, exceeding analysts' estimates.
• Institutional investors control 87.44% of CBIZ's stock, signaling strong institutional support and investment interest in the company.

Montrusco Bolton Investments Inc. acquired a new position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 233,390 shares of the business services provider's stock, valued at approximately $16,736,000. Montrusco Bolton Investments Inc. owned 0.43% of CBIZ as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CBZ. Burgundy Asset Management Ltd. increased its holdings in shares of CBIZ by 6.7% in the first quarter. Burgundy Asset Management Ltd. now owns 2,220,266 shares of the business services provider's stock worth $168,429,000 after acquiring an additional 138,886 shares in the last quarter. BloombergSen Inc. raised its holdings in shares of CBIZ by 9.5% in the 2nd quarter. BloombergSen Inc. now owns 1,119,362 shares of the business services provider's stock valued at $80,269,000 after purchasing an additional 96,982 shares during the period. GW&K Investment Management LLC boosted its stake in shares of CBIZ by 9.7% during the 1st quarter. GW&K Investment Management LLC now owns 893,516 shares of the business services provider's stock worth $67,782,000 after acquiring an additional 78,811 shares during the period. Artemis Investment Management LLP raised its position in shares of CBIZ by 60.4% in the first quarter. Artemis Investment Management LLP now owns 631,893 shares of the business services provider's stock valued at $47,935,000 after purchasing an additional 237,983 shares during the period. Finally, Blair William & Co. IL raised its holdings in CBIZ by 1.6% in the 2nd quarter. Blair William & Co. IL now owns 434,498 shares of the business services provider's stock valued at $31,158,000 after acquiring an additional 6,893 shares during the period. Institutional investors and hedge funds own 87.44% of the company's stock.

Insiders Place Their Bets

In related news, Director Rodney A. Young acquired 2,000 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $518,793.30. This represents a 31.70% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.95% of the company's stock.

CBIZ Stock Down 4.0%

CBIZ stock opened at $53.28 on Monday. CBIZ, Inc. has a 1-year low of $50.51 and a 1-year 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. The firm's fifty day moving average price is $59.14 and its two-hundred day moving average price is $67.92. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 30.62 and a beta of 0.90.

CBIZ (NYSE:CBZ - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The business services provider reported $0.95 EPS for the quarter, beating analysts' consensus estimates 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 prior year, the firm posted $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 predict that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of CBIZ in a research report on Wednesday, October 8th. William Blair restated an "outperform" rating on shares of CBIZ in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

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.

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