Rodney A. Young Purchases 2,000 Shares of CBIZ, Inc. (NYSE:CBZ) Stock

Key Points

• CBIZ, Inc. Director Rodney A. Young purchased 2,000 shares at $62.43 each, raising his ownership by 31.70% to a total of 8,310 shares.
• For Q2, CBIZ reported $0.95 EPS, exceeding expectations of $0.84, but fell short on revenue with $683.5 million compared to the forecasted $701.43 million.
• Institutional investors now hold 87.44% of CBIZ's stock, with notable increases from firms like Prudential Financial and Ameritas Investment Partners.

CBIZ, Inc. (NYSE:CBZ - Get Free Report) Director Rodney A. Young acquired 2,000 shares of the business's stock in a transaction dated Friday, August 8th. The stock was acquired at an average price of $62.43 per share, for a total transaction of $124,860.00. Following the purchase, the director directly owned 8,310 shares of the company's stock, valued at approximately $518,793.30. This trade represents a 31.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

CBIZ Stock Performance

CBZ stock traded down $0.11 on Friday, hitting $62.49. The company's stock had a trading volume of 366,553 shares, compared to its average volume of 790,317. The firm has a 50 day moving average of $69.99 and a two-hundred day moving average of $73.82. CBIZ, Inc. has a 1 year low of $56.83 and a 1 year high of $90.13. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 35.91 and a beta of 0.92. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79.

CBIZ (NYSE:CBZ - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $0.95 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 firm had revenue of $683.50 million for the quarter, compared to analysts' expectations of $701.43 million. During the same period in the prior year, the company earned $0.39 EPS. The firm's revenue was up 62.7% on a year-over-year basis. Equities analysts predict that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, William Blair reissued an "outperform" rating on shares of CBIZ in a research note on Friday, April 25th.

Institutional Trading of CBIZ

A number of hedge funds have recently made changes to their positions in CBZ. Ameriprise Financial Inc. raised its stake in shares of CBIZ by 24.9% during the fourth quarter. Ameriprise Financial Inc. now owns 54,518 shares of the business services provider's stock valued at $4,461,000 after purchasing an additional 10,861 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of CBIZ in the 1st quarter valued at approximately $1,043,000. Fiera Capital Corp lifted its holdings in CBIZ by 14.6% in the 1st quarter. Fiera Capital Corp now owns 234,522 shares of the business services provider's stock worth $17,791,000 after purchasing an additional 29,902 shares during the last quarter. Pacific Capital Partners Ltd acquired a new position in shares of CBIZ during the first quarter worth approximately $9,482,000. Finally, Blair William & Co. IL lifted its holdings in shares of CBIZ by 1.1% during the first quarter. Blair William & Co. IL now owns 427,605 shares of the business services provider's stock worth $32,438,000 after buying an additional 4,739 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company's stock.

About CBIZ

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.