13,186 Shares in CBIZ, Inc. $CBZ Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP has acquired a new stake in CBIZ, Inc., purchasing 13,186 shares valued at approximately $1,000,000 during the first quarter.
• Director Rodney A. Young increased his ownership of CBIZ stock by 31.70% after acquiring 2,000 shares at an average price of $62.43.
• CBIZ reported $0.95 earnings per share for the last quarter, surpassing analysts' expectations of $0.84, with a significant 62.7% year-over-year revenue increase.

Quantbot Technologies LP purchased a new stake in CBIZ, Inc. (NYSE:CBZ - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,186 shares of the business services provider's stock, valued at approximately $1,000,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Mariner LLC raised its holdings in shares of CBIZ by 6.7% during the 4th quarter. Mariner LLC now owns 11,944 shares of the business services provider's stock valued at $977,000 after buying an additional 748 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of CBIZ by 4.6% during the 4th quarter. MetLife Investment Management LLC now owns 28,936 shares of the business services provider's stock valued at $2,368,000 after buying an additional 1,280 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of CBIZ by 25.0% during the 4th quarter. Stifel Financial Corp now owns 17,236 shares of the business services provider's stock valued at $1,410,000 after buying an additional 3,447 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of CBIZ during the 4th quarter valued at about $3,158,000. Finally, Public Employees Retirement Association of Colorado raised its holdings in shares of CBIZ by 16.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 311,696 shares of the business services provider's stock valued at $25,506,000 after buying an additional 43,687 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

CBIZ Price Performance

Shares of NYSE CBZ traded up $0.01 during trading hours on Friday, reaching $64.53. 349,400 shares of the stock traded hands, compared to its average volume of 554,583. The company has a market capitalization of $3.48 billion, a P/E ratio of 37.09 and a beta of 0.92. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.79. CBIZ, Inc. has a 52-week low of $56.83 and a 52-week high of $90.13. The company's 50-day simple moving average is $69.09 and its two-hundred day simple moving average is $72.45.

CBIZ (NYSE:CBZ - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The business services provider reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.11. The company had revenue of $683.50 million for the quarter, compared to analysts' expectations of $701.43 million. CBIZ had a return on equity of 14.73% and a net margin of 4.51%.CBIZ's revenue for the quarter was up 62.7% compared to the same quarter last year. During the same period last year, the firm posted $0.39 EPS. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. Equities research analysts forecast that CBIZ, Inc. will post 2.65 EPS for the current year.

Insider Transactions at CBIZ

In related news, Director Rodney A. Young purchased 2,000 shares of CBIZ stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average cost of $62.43 per share, for a total transaction of $124,860.00. Following the transaction, the director directly owned 8,310 shares in the company, valued at $518,793.30. The trade was a 31.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.95% of the stock is currently owned by insiders.

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.