Russell Investments Group Ltd. Purchases 27,643 Shares of CBIZ, Inc. $CBZ

Key Points

• Russell Investments Group Ltd. increased its stake in CBIZ, Inc. by 76.3%, acquiring 27,643 shares to total 63,868 shares valued at approximately $4.85 million.
• CBIZ reported a significant year-over-year revenue increase of 62.7% for the most recent quarter, with earnings per share beating estimates at $0.95.
• Institutional ownership of CBIZ shares stands at 87.44%, highlighting strong investor confidence in the business services provider.

Russell Investments Group Ltd. grew its holdings in CBIZ, Inc. (NYSE:CBZ - Free Report) by 76.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,868 shares of the business services provider's stock after purchasing an additional 27,643 shares during the period. Russell Investments Group Ltd. owned about 0.12% of CBIZ worth $4,845,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Vestcor Inc increased its holdings in shares of CBIZ by 5.3% in the 1st quarter. Vestcor Inc now owns 2,922 shares of the business services provider's stock valued at $222,000 after purchasing an additional 148 shares during the period. Assetmark Inc. boosted its position in CBIZ by 19.9% during 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 last quarter. Xponance Inc. boosted its position in CBIZ by 5.7% during the first quarter. Xponance Inc. now owns 3,620 shares of the business services provider's stock valued at $275,000 after purchasing an additional 195 shares during the last quarter. Captrust Financial Advisors boosted its position in CBIZ by 2.0% during the fourth quarter. Captrust Financial Advisors now owns 10,399 shares of the business services provider's stock valued at $851,000 after purchasing an additional 199 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in CBIZ by 4.4% during the first quarter. Avantax Advisory Services Inc. now owns 4,956 shares of the business services provider's stock valued at $376,000 after purchasing an additional 209 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

CBIZ Stock Up 1.3%

NYSE:CBZ traded up $0.84 during mid-day trading on Wednesday, reaching $65.87. The stock had a trading volume of 397,559 shares, compared to its average volume of 742,760. The business's 50 day moving average is $69.22 and its 200 day moving average is $72.78. CBIZ, Inc. has a fifty-two week low of $56.83 and a fifty-two week high of $90.13. The stock has a market cap of $3.56 billion, a P/E ratio of 37.86 and a beta of 0.92. 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 released its quarterly earnings data on Wednesday, July 30th. The business services provider reported $0.95 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $701.43 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The firm'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. As a group, sell-side analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Rodney A. Young bought 2,000 shares of the firm's stock in a transaction 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 transaction, the director directly owned 8,310 shares of the company's stock, valued at $518,793.30. This trade represents a 31.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.95% of the company's stock.

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.