Strs Ohio Acquires Shares of 91,200 CBIZ, Inc. $CBZ

Key Points

• Strs Ohio has made a significant investment in CBIZ, Inc., purchasing approximately $6.92 million worth of shares during the first quarter, which accounts for 0.17% of the company's stock.
• CBIZ reported strong financial results, with earnings per share of $0.95 for the last quarter, exceeding analyst expectations of $0.84, and marking a year-over-year revenue increase of 62.7%.
• Analysts have a generally positive outlook on CBIZ, with one firm restating an "outperform" rating and the stock receiving an average rating of "Buy."

Strs Ohio purchased a new position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 91,200 shares of the business services provider's stock, valued at approximately $6,918,000. Strs Ohio owned 0.17% of CBIZ at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CBZ. Ameriprise Financial Inc. boosted its position in CBIZ by 24.9% in the 4th quarter. Ameriprise Financial Inc. now owns 54,518 shares of the business services provider's stock valued at $4,461,000 after buying an additional 10,861 shares during the period. Cetera Investment Advisers purchased a new stake in CBIZ in the 4th quarter valued at about $233,000. Janus Henderson Group PLC boosted its position in CBIZ by 14.9% in the 4th quarter. Janus Henderson Group PLC now owns 98,781 shares of the business services provider's stock valued at $8,084,000 after buying an additional 12,817 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in CBIZ by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,976 shares of the business services provider's stock valued at $2,289,000 after buying an additional 1,102 shares during the period. Finally, Nuveen Asset Management LLC lifted its position in shares of CBIZ by 85.6% in the 4th quarter. Nuveen Asset Management LLC now owns 244,080 shares of the business services provider's stock worth $19,973,000 after purchasing an additional 112,569 shares during the period. 87.44% of the stock is owned by hedge funds and other institutional investors.

CBIZ Stock Performance

Shares of NYSE:CBZ traded down $1.23 during midday trading on Friday, reaching $53.66. The company's stock had a trading volume of 1,862,854 shares, compared to its average volume of 580,931. The stock has a fifty day moving average of $64.80 and a 200 day moving average of $69.82. The firm has a market capitalization of $2.90 billion, a PE ratio of 30.84 and a beta of 0.95. 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 twelve month low of $53.58 and a twelve month high of $90.13.

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

Wall Street Analyst Weigh In

Separately, William Blair reaffirmed an "outperform" rating on shares of CBIZ in a research report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, CBIZ currently has an average rating of "Buy".

Insider Buying and Selling

In other news, Director Rodney A. Young purchased 2,000 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were bought at an average price of $62.43 per share, for a total transaction of $124,860.00. Following the completion of the transaction, the director owned 8,310 shares in the company, valued at $518,793.30. This represents a 31.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 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.