Vanguard Personalized Indexing Management LLC Buys 10,754 Shares of CBIZ, Inc. $CBZ

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in CBIZ, Inc. by 148.6%, acquiring an additional 10,754 shares, bringing its total holdings to 17,993 shares valued at approximately $1.29 million.
• Institutional investors own 87.44% of CBIZ's stock, indicating strong institutional backing for the company.
• CBIZ reported $0.95 EPS for the last quarter, exceeding estimates, and its revenue grew 62.7% year-over-year despite lower revenue than analysts' expectations.

Vanguard Personalized Indexing Management LLC lifted its holdings in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) by 148.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,993 shares of the business services provider's stock after purchasing an additional 10,754 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in CBIZ were worth $1,290,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CBZ. Quarry LP acquired a new position in shares of CBIZ during the first quarter valued at about $26,000. MAI Capital Management boosted its stake in CBIZ by 243.9% in the first quarter. MAI Capital Management now owns 423 shares of the business services provider's stock valued at $32,000 after acquiring an additional 300 shares during the last quarter. Whittier Trust Co. purchased a new stake in shares of CBIZ during the 1st quarter valued at approximately $34,000. Olde Wealth Management LLC purchased a new stake in shares of CBIZ during the 1st quarter valued at approximately $55,000. Finally, Assetmark Inc. lifted its stake in shares of CBIZ by 19.9% during the 1st quarter. Assetmark Inc. now owns 905 shares of the business services provider's stock valued at $69,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

Insider Transactions at CBIZ

In other news, Director Rodney A. Young purchased 2,000 shares of the stock in a transaction on Friday, August 8th. The shares were acquired at an average price of $62.43 per share, with a total value of $124,860.00. Following the completion of the acquisition, 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 acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 4.95% of the company's stock.

CBIZ Stock Down 2.2%

NYSE:CBZ opened at $51.13 on Friday. The firm has a market cap of $2.76 billion, a P/E ratio of 29.39 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 fifty-two week low of $50.51 and a fifty-two week high of $90.13. The firm has a 50-day simple moving average of $58.17 and a two-hundred day simple moving average of $67.18.

CBIZ (NYSE:CBZ - Get Free Report) last issued its earnings results on Wednesday, July 30th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $701.43 million. During the same quarter last year, the company posted $0.39 earnings per share. The firm's quarterly revenue was up 62.7% on a year-over-year basis. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. Analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CBZ has been the topic of a number of research analyst reports. William Blair reissued an "outperform" rating on shares of CBIZ in a report on Friday, September 5th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of CBIZ in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy".

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.

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