OMERS ADMINISTRATION Corp Invests $1.11 Million in CBIZ, Inc. $CBZ

Key Points

• OMERS ADMINISTRATION Corp acquired a new stake in CBIZ, Inc. during the first quarter, purchasing 14,600 shares valued at approximately $1,108,000.
• Insider transactions include Director Rodney A. Young buying 2,000 shares at $62.43 each, increasing his ownership by 31.70%.
• CBIZ reported an EPS of $0.95 for the last quarter, surpassing the expected $0.84, while year-over-year revenue grew by 62.7% to $683.50 million.

OMERS ADMINISTRATION Corp bought a new stake in CBIZ, Inc. (NYSE:CBZ - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 14,600 shares of the business services provider's stock, valued at approximately $1,108,000.

Other institutional investors have also made changes to their positions in the company. Whittier Trust Co. purchased a new stake in shares of CBIZ in the 1st quarter valued at $34,000. McIlrath & Eck LLC increased its stake in CBIZ by 193.2% during the fourth quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider's stock worth $46,000 after purchasing an additional 367 shares during the period. Olde Wealth Management LLC acquired a new stake in shares of CBIZ during the first quarter worth about $55,000. Assetmark Inc. boosted its stake in shares of CBIZ by 19.9% in the first quarter. Assetmark Inc. now owns 905 shares of the business services provider's stock valued at $69,000 after purchasing an additional 150 shares during the period. Finally, ArrowMark Colorado Holdings LLC acquired a new position in shares of CBIZ in the fourth quarter valued at approximately $204,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CBIZ

In related news, Director Rodney A. Young purchased 2,000 shares of the 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 completion of the acquisition, the director directly owned 8,310 shares in the company, valued at $518,793.30. This represents a 31.70% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.95% of the company's stock.

Analyst Ratings Changes

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

CBIZ Stock Down 0.2%

Shares of NYSE:CBZ traded down $0.11 during trading on Friday, hitting $59.86. 730,995 shares of the company were exchanged, compared to its average volume of 460,404. The firm's 50 day moving average price is $68.17 and its 200-day moving average price is $71.58. The stock has a market capitalization of $3.23 billion, a P/E ratio of 34.40 and a beta of 0.95. CBIZ, Inc. has a 12-month low of $56.83 and a 12-month high of $90.13. 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 announced its earnings results on Wednesday, July 30th. The business services provider reported $0.95 earnings per share (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 firm had revenue of $683.50 million during the quarter, compared to analysts' expectations of $701.43 million. During the same period in the prior year, the firm 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. On average, research analysts predict 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.