CBIZ, Inc. $CBZ Shares Acquired by Zions Bancorporation National Association UT

Zions Bancorporation National Association UT increased its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 43.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,572 shares of the business services provider’s stock after buying an additional 7,767 shares during the quarter. Zions Bancorporation National Association UT’s holdings in CBIZ were worth $1,834,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas lifted its position in CBIZ by 11.6% during the 1st quarter. Teacher Retirement System of Texas now owns 6,604 shares of the business services provider’s stock worth $501,000 after acquiring an additional 685 shares during the period. Principal Financial Group Inc. raised its stake in shares of CBIZ by 0.8% in the first quarter. Principal Financial Group Inc. now owns 31,766 shares of the business services provider’s stock worth $2,410,000 after purchasing an additional 243 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of CBIZ by 4.3% during the first quarter. Envestnet Asset Management Inc. now owns 78,194 shares of the business services provider’s stock worth $5,932,000 after purchasing an additional 3,230 shares during the period. Xponance Inc. boosted its position in CBIZ by 5.7% in the first quarter. Xponance Inc. now owns 3,620 shares of the business services provider’s stock valued at $275,000 after buying an additional 195 shares during the last quarter. Finally, Whittier Trust Co. purchased a new stake in CBIZ in the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

CBIZ Stock Performance

CBZ opened at $53.14 on Monday. The firm has a fifty day moving average price of $54.98 and a 200 day moving average price of $64.73. 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 $2.89 billion, a P/E ratio of 34.96 and a beta of 0.90. 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 (NYSE:CBZ) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. The company had revenue of $693.82 million during the quarter, compared to analysts’ expectations of $709.18 million. CBIZ had a net margin of 3.89% and a return on equity of 14.02%. The firm’s revenue for the quarter was up 58.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. Equities research analysts anticipate that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on CBZ. Weiss Ratings lowered shares of CBIZ from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 24th. William Blair reiterated an “outperform” rating on shares of CBIZ in a research note on Friday, September 5th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, CBIZ currently has a consensus rating of “Hold”.

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.