Roundview Capital LLC Boosts Holdings in CBIZ, Inc. $CBZ

Key Points

• Roundview Capital LLC increased its stake in CBIZ, Inc. by 17.1%, owning 47,327 shares worth about $3.39 million at the end of the last quarter.
• Several institutional investors have modified their holdings in CBIZ, with a total of 87.44% of the company's stock being owned by hedge funds and other institutional investors.
• CBIZ reported a 62.7% year-over-year increase in revenue and exceeded earnings expectations with an EPS of $0.95 compared to the consensus estimate of $0.84.

Roundview Capital LLC raised its holdings in CBIZ, Inc. (NYSE:CBZ - Free Report) by 17.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,327 shares of the business services provider's stock after buying an additional 6,904 shares during the quarter. Roundview Capital LLC owned approximately 0.09% of CBIZ worth $3,394,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CBZ. Quarry LP purchased a new stake in shares of CBIZ during the 1st quarter worth about $26,000. MAI Capital Management grew its holdings in shares of CBIZ by 243.9% during the 1st quarter. MAI Capital Management now owns 423 shares of the business services provider's stock worth $32,000 after purchasing an additional 300 shares during the period. Whittier Trust Co. purchased a new stake in shares of CBIZ during the 1st quarter worth about $34,000. Olde Wealth Management LLC purchased a new stake in shares of CBIZ during the 1st quarter worth about $55,000. Finally, Assetmark Inc. grew its holdings in shares of CBIZ by 19.9% during the 1st quarter. Assetmark Inc. now owns 905 shares of the business services provider's stock worth $69,000 after purchasing an additional 150 shares during the period. Hedge funds and other institutional investors own 87.44% of the company's stock.

Insider Activity

In other CBIZ news, Director Rodney A. Young bought 2,000 shares of the business's stock in a transaction on Friday, August 8th. The shares were bought at an average cost of $62.43 per share, with a total value of $124,860.00. Following the transaction, the director directly owned 8,310 shares in the company, valued at approximately $518,793.30. This trade represents a 31.70% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.95% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. William Blair reiterated an "outperform" rating on shares of CBIZ in a report on Friday, September 5th. Weiss Ratings reiterated a "hold (c-)" rating on shares of CBIZ in a report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy".

CBIZ Stock Performance

CBIZ stock opened at $55.98 on Tuesday. The stock's 50 day moving average price is $60.20 and its 200 day moving average price is $68.45. The firm has a market capitalization of $3.02 billion, a PE ratio of 32.17 and a beta of 0.90. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 1.60. CBIZ, Inc. has a one year low of $50.51 and a one year high of $90.13.

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, topping 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 firm had revenue of $683.50 million for the quarter, compared to analyst estimates of $701.43 million. During the same period in the previous year, the company posted $0.39 EPS. CBIZ's revenue for the quarter was up 62.7% on a year-over-year basis. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. As a group, sell-side analysts expect that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding CBZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CBIZ, Inc. (NYSE:CBZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.