CBIZ, Inc. $CBZ Shares Purchased by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC raised its position in CBIZ, Inc. (NYSE:CBZ) by 53.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,596 shares of the business services provider’s stock after acquiring an additional 15,787 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in CBIZ were worth $2,415,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Quarry LP acquired a new stake in shares of CBIZ in the 1st quarter valued at $26,000. MAI Capital Management grew its stake in shares of CBIZ by 243.9% during the first quarter. MAI Capital Management now owns 423 shares of the business services provider’s stock worth $32,000 after purchasing an additional 300 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in CBIZ in the second quarter valued at $35,000. Strategic Wealth Investment Group LLC acquired a new stake in CBIZ in the second quarter valued at $37,000. Finally, EverSource Wealth Advisors LLC raised its stake in CBIZ by 165.4% in the second quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock valued at $52,000 after buying an additional 450 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

CBIZ Trading Up 0.5%

NYSE:CBZ opened at $50.69 on Friday. The company has a market capitalization of $2.76 billion, a PE ratio of 33.35 and a beta of 0.93. CBIZ, Inc. has a 52-week low of $47.88 and a 52-week high of $90.13. The stock’s 50 day moving average price is $51.85 and its 200 day moving average price is $59.25. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.80.

CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.07. The business had revenue of $693.82 million during the quarter, compared to the consensus estimate of $709.18 million. CBIZ had a return on equity of 14.00% and a net margin of 3.89%.The company’s revenue was up 58.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. On average, research analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on CBZ. CJS Securities raised CBIZ to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings cut CBIZ from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 24th. Finally, William Blair reaffirmed an “outperform” rating on shares of CBIZ in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

About CBIZ

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.