CBIZ, Inc. $CBZ Shares Bought by Roundview Capital LLC

Roundview Capital LLC lifted its position in shares of CBIZ, Inc. (NYSE:CBZ) by 17.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,327 shares of the business services provider’s stock after acquiring an additional 6,904 shares during the period. Roundview Capital LLC’s holdings in CBIZ were worth $3,394,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vestcor Inc raised its position in shares of CBIZ by 5.3% during the 1st quarter. Vestcor Inc now owns 2,922 shares of the business services provider’s stock valued at $222,000 after acquiring an additional 148 shares in the last quarter. Assetmark Inc. grew its stake in CBIZ by 19.9% during the 1st quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock worth $69,000 after buying an additional 150 shares during the last quarter. Xponance Inc. grew its stake in CBIZ by 5.7% during the 1st quarter. Xponance Inc. now owns 3,620 shares of the business services provider’s stock worth $275,000 after buying an additional 195 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in CBIZ by 4.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,956 shares of the business services provider’s stock worth $376,000 after buying an additional 209 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in CBIZ by 0.8% during the 1st quarter. Principal Financial Group Inc. now owns 31,766 shares of the business services provider’s stock worth $2,410,000 after buying an additional 243 shares during the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other CBIZ news, Director Rodney A. Young purchased 2,000 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was bought at an average price of $62.43 per share, with a total value of $124,860.00. Following the completion of the purchase, the director owned 8,310 shares in the company, valued at $518,793.30. This trade represents a 31.70% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on CBZ shares. Weiss Ratings restated a “hold (c-)” rating on shares of CBIZ in a research note on Saturday, September 27th. William Blair restated an “outperform” rating on shares of CBIZ in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

CBIZ Trading Down 1.3%

NYSE:CBZ opened at $55.98 on Tuesday. CBIZ, Inc. has a 1 year low of $50.51 and a 1 year high of $90.13. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 32.17 and a beta of 0.90. The business has a fifty day moving average of $60.20 and a 200-day moving average of $68.45. 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 (NYSE:CBZ) last released its quarterly 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 return on equity of 14.73% and a net margin of 4.51%.The company had revenue of $683.50 million during the quarter, compared to analysts’ expectations of $701.43 million. During the same quarter in the prior year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was up 62.7% compared to the same quarter last year. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. Equities analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current year.

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.