CBIZ, Inc. $CBZ Shares Bought by Waters Parkerson & CO. LLC

Waters Parkerson & CO. LLC increased its stake in CBIZ, Inc. (NYSE:CBZ) by 4.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 414,478 shares of the business services provider’s stock after buying an additional 15,776 shares during the period. Waters Parkerson & CO. LLC’s holdings in CBIZ were worth $21,951,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CBZ. AQR Capital Management LLC raised its stake in CBIZ by 6.2% during the first quarter. AQR Capital Management LLC now owns 11,725 shares of the business services provider’s stock worth $889,000 after purchasing an additional 682 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of CBIZ by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,294 shares of the business services provider’s stock worth $2,222,000 after buying an additional 1,318 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in CBIZ by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,270 shares of the business services provider’s stock valued at $10,868,000 after acquiring an additional 7,676 shares during the last quarter. Jane Street Group LLC grew its position in CBIZ by 96.1% during the first quarter. Jane Street Group LLC now owns 41,240 shares of the business services provider’s stock valued at $3,128,000 after acquiring an additional 20,214 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in CBIZ by 39.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 53,319 shares of the business services provider’s stock worth $3,933,000 after acquiring an additional 14,979 shares during the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. CJS Securities raised CBIZ to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings downgraded shares of CBIZ from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of CBIZ in a research report on Monday. They set a “hold” rating and a $60.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

CBIZ Price Performance

CBZ opened at $50.71 on Friday. CBIZ, Inc. has a twelve month low of $47.88 and a twelve month high of $90.13. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 33.36 and a beta of 0.93. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.80. The company has a fifty day simple moving average of $51.72 and a 200 day simple moving average of $58.07.

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 analysts’ consensus estimates of $0.94 by $0.07. The firm had revenue of $693.82 million for the quarter, compared to analyst estimates of $709.18 million. CBIZ had a net margin of 3.89% and a return on equity of 14.00%. The firm’s revenue was up 58.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 EPS. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. Equities research analysts expect that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Insider Transactions at CBIZ

In other CBIZ news, Director Benaree Pratt Wiley sold 8,288 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $49.54, for a total transaction of $410,587.52. Following the completion of the sale, the director owned 35,956 shares in the company, valued at $1,781,260.24. This trade represents a 18.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brad S. Lakhia bought 2,060 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was acquired at an average cost of $48.51 per share, for a total transaction of $99,930.60. Following the completion of the transaction, the chief financial officer owned 40,584 shares in the company, valued at $1,968,729.84. This represents a 5.35% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 4.95% of the company’s stock.

CBIZ Profile

CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.