Northwestern Mutual Wealth Management Co. Makes New $1.01 Million Investment in CBIZ, Inc. $CBZ

Key Points

• Northwestern Mutual Wealth Management Co. has purchased a $1.01 million position in CBIZ, Inc., acquiring 13,249 shares in the 1st quarter.
• Institutional investors own 87.44% of CBIZ's stock, indicating strong confidence among large holders.
• CBIZ reported a 62.7% year-over-year increase in revenue, achieving earnings per share of $0.95, surpassing the consensus estimate.

Northwestern Mutual Wealth Management Co. purchased a new position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,249 shares of the business services provider's stock, valued at approximately $1,005,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its position in CBIZ by 24.9% during the fourth quarter. Ameriprise Financial Inc. now owns 54,518 shares of the business services provider's stock worth $4,461,000 after buying an additional 10,861 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of CBIZ during the 1st quarter worth about $1,043,000. Fiera Capital Corp raised its stake in CBIZ by 14.6% during the first quarter. Fiera Capital Corp now owns 234,522 shares of the business services provider's stock worth $17,791,000 after purchasing an additional 29,902 shares during the period. Blair William & Co. IL raised its position in shares of CBIZ by 1.1% in the 1st quarter. Blair William & Co. IL now owns 427,605 shares of the business services provider's stock worth $32,438,000 after buying an additional 4,739 shares during the period. Finally, Pacific Capital Partners Ltd acquired a new position in shares of CBIZ in the 1st quarter valued at about $9,482,000. 87.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CBIZ news, Director Rodney A. Young purchased 2,000 shares of CBIZ stock in a transaction that occurred on Friday, August 8th. The stock was purchased at an average price of $62.43 per share, with a total value 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 trade represents a 31.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.95% of the company's stock.

CBIZ Stock Down 0.7%

NYSE CBZ traded down $0.45 during trading hours on Thursday, hitting $59.94. The company had a trading volume of 422,227 shares, compared to its average volume of 460,851. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 34.45 and a beta of 0.95. 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, Inc. has a fifty-two week low of $56.83 and a fifty-two week high of $90.13. The firm's 50 day moving average is $68.63 and its 200 day moving average is $71.95.

CBIZ (NYSE:CBZ - Get Free Report) last announced its earnings results on Wednesday, July 30th. The business services provider reported $0.95 earnings per share 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 period last year, the firm earned $0.39 earnings per share. The company'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. Sell-side analysts anticipate that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

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.