Vanguard Group Inc. Has $352.89 Million Stock Holdings in CBIZ, Inc. $CBZ

Key Points

• Vanguard Group Inc. reduced its stake in CBIZ, Inc. by 1.4%, now holding approximately 4.65 million shares valued at $352.89 million.
• CBIZ reported $0.95 earnings per share for the last quarter, surpassing analysts' expectations of $0.84, and showing a significant 62.7% year-over-year revenue increase.
• Insider transaction: Director Rodney A. Young purchased 2,000 shares at an average price of $62.43, increasing their ownership by 31.7% to 8,310 shares.

Vanguard Group Inc. lowered its position in CBIZ, Inc. (NYSE:CBZ - Free Report) by 1.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 4,651,812 shares of the business services provider's stock after selling 64,644 shares during the period. Vanguard Group Inc. owned 8.55% of CBIZ worth $352,886,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CBZ. Whittier Trust Co. acquired a new position in shares of CBIZ in the 1st quarter worth approximately $34,000. McIlrath & Eck LLC lifted its position in shares of CBIZ by 193.2% in the 4th 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 position in shares of CBIZ in the 1st quarter worth approximately $55,000. Assetmark Inc. lifted its position in shares of CBIZ by 19.9% in 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. Finally, ArrowMark Colorado Holdings LLC acquired a new position in shares of CBIZ in the 4th quarter worth approximately $204,000. Institutional investors and hedge funds own 87.44% of the company's stock.

CBIZ Stock Up 0.9%

Shares of CBIZ stock traded up $0.5950 during trading on Thursday, reaching $64.5950. 377,326 shares of the company traded hands, compared to its average volume of 765,009. 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, Inc. has a 1-year low of $56.83 and a 1-year high of $90.13. The company has a 50 day moving average price of $69.46 and a 200-day moving average price of $73.38. The firm has a market capitalization of $3.49 billion, a PE ratio of 37.12 and a beta of 0.92.

CBIZ (NYSE:CBZ - Get Free Report) last released 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 net margin of 4.51% and a return on equity of 14.73%. The company had revenue of $683.50 million for the quarter, compared to the consensus estimate of $701.43 million. During the same quarter in the previous year, the company earned $0.39 EPS. CBIZ's quarterly revenue was up 62.7% compared to the same quarter last year. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. As a group, equities research analysts expect that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Rodney A. Young bought 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 transaction, the director directly owned 8,310 shares of the company's stock, valued at approximately $518,793.30. The trade was a 31.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.95% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, William Blair restated an "outperform" rating on shares of CBIZ in a research report on Friday, April 25th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

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.