King Luther Capital Management Corp Sells 2,024 Shares of CBIZ, Inc. $CBZ

King Luther Capital Management Corp cut its holdings in CBIZ, Inc. (NYSE:CBZ) by 2.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,201 shares of the business services provider’s stock after selling 2,024 shares during the period. King Luther Capital Management Corp owned approximately 0.15% of CBIZ worth $5,751,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Teacher Retirement System of Texas grew its stake in CBIZ by 11.6% during the first quarter. Teacher Retirement System of Texas now owns 6,604 shares of the business services provider’s stock worth $501,000 after purchasing an additional 685 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of 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 in the last quarter. Envestnet Asset Management Inc. grew its position in shares of CBIZ by 4.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 78,194 shares of the business services provider’s stock worth $5,932,000 after buying an additional 3,230 shares during the period. Xponance Inc. increased its stake in shares of CBIZ by 5.7% in the 1st quarter. Xponance Inc. now owns 3,620 shares of the business services provider’s stock valued at $275,000 after acquiring an additional 195 shares in the last quarter. Finally, Whittier Trust Co. acquired a new position in shares of CBIZ during the 1st quarter valued at $34,000. 87.44% of the stock is owned by institutional investors and hedge funds.

CBIZ Trading Down 0.8%

CBZ opened at $53.14 on Monday. CBIZ, Inc. has a fifty-two week low of $50.51 and a fifty-two week high of $90.13. The firm has a market capitalization of $2.89 billion, a PE 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. The company’s 50-day moving average is $54.98 and its 200 day moving average is $64.73.

CBIZ (NYSE:CBZ) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.94 by $0.07. CBIZ had a return on equity of 14.02% and a net margin of 3.89%.The firm had revenue of $693.82 million during the quarter, compared to the consensus estimate of $709.18 million. During the same period in the prior year, the business posted $0.93 earnings per share. The company’s quarterly revenue was up 58.1% compared to the same quarter last year. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. As a group, research analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Weiss Ratings cut shares of CBIZ from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. William Blair reaffirmed an “outperform” rating on shares of CBIZ in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, CBIZ presently has an average 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.