William Blair Investment Management LLC Buys New Shares in CBIZ, Inc. $CBZ

Key Points

• William Blair Investment Management LLC acquired 303,146 shares of CBIZ, Inc. valued at approximately $21.7 million, representing about 0.56% of the company's stock.
• In the 2nd quarter, CBIZ stock dipped by 2.2% and opened at $51.13, with a market cap of $2.76 billion and a P/E ratio of 29.39.
• CBIZ reported $0.95 earnings per share (EPS) for the quarter, surpassing analyst expectations, and has set its FY 2025 guidance between 3.600 and 3.650 EPS.

William Blair Investment Management LLC bought a new stake in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 303,146 shares of the business services provider's stock, valued at approximately $21,739,000. William Blair Investment Management LLC owned approximately 0.56% of CBIZ as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of CBZ. Burgundy Asset Management Ltd. raised its stake in CBIZ by 6.7% during the 1st quarter. Burgundy Asset Management Ltd. now owns 2,220,266 shares of the business services provider's stock valued at $168,429,000 after purchasing an additional 138,886 shares during the period. BloombergSen Inc. raised its stake in CBIZ by 9.5% during the 2nd quarter. BloombergSen Inc. now owns 1,119,362 shares of the business services provider's stock valued at $80,269,000 after purchasing an additional 96,982 shares during the period. GW&K Investment Management LLC raised its stake in CBIZ by 9.7% during the 1st quarter. GW&K Investment Management LLC now owns 893,516 shares of the business services provider's stock valued at $67,782,000 after purchasing an additional 78,811 shares during the period. Artemis Investment Management LLP raised its stake in CBIZ by 60.4% during the 1st quarter. Artemis Investment Management LLP now owns 631,893 shares of the business services provider's stock valued at $47,935,000 after purchasing an additional 237,983 shares during the period. Finally, Blair William & Co. IL raised its stake in CBIZ by 1.6% during the 2nd quarter. Blair William & Co. IL now owns 434,498 shares of the business services provider's stock valued at $31,158,000 after purchasing an additional 6,893 shares during the period. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CBIZ

In related news, Director Rodney A. Young purchased 2,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were purchased at an average cost of $62.43 per share, with a total value of $124,860.00. Following the purchase, the director owned 8,310 shares of the company's stock, valued at $518,793.30. This represents a 31.70% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.95% of the stock is owned by company insiders.

CBIZ Stock Down 2.2%

CBIZ stock opened at $51.13 on Monday. The business has a fifty day moving average of $58.17 and a two-hundred day moving average of $67.13. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.79. The firm has a market cap of $2.76 billion, a P/E ratio of 29.39 and a beta of 0.90. CBIZ, Inc. has a twelve month low of $50.51 and a twelve month high of $90.13.

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 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 the consensus estimate of $701.43 million. During the same period in the prior year, the firm earned $0.39 EPS. 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. On average, analysts forecast that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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