Creative Planning Has $1.63 Million Stock Holdings in CBIZ, Inc. $CBZ

Creative Planning lessened its stake in CBIZ, Inc. (NYSE:CBZ) by 6.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,655 shares of the business services provider’s stock after selling 1,626 shares during the quarter. Creative Planning’s holdings in CBIZ were worth $1,625,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CBZ. Police & Firemen s Retirement System of New Jersey lifted its stake in CBIZ by 15.9% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 11,836 shares of the business services provider’s stock worth $849,000 after purchasing an additional 1,623 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of CBIZ by 8.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,224,142 shares of the business services provider’s stock worth $87,794,000 after buying an additional 96,505 shares in the last quarter. Mawer Investment Management Ltd. bought a new stake in shares of CBIZ during the 2nd quarter worth $9,227,000. ProShare Advisors LLC grew its stake in shares of CBIZ by 3.6% during the second quarter. ProShare Advisors LLC now owns 10,752 shares of the business services provider’s stock worth $771,000 after buying an additional 377 shares during the last quarter. Finally, Zions Bancorporation National Association UT increased its holdings in CBIZ by 43.6% in the 2nd quarter. Zions Bancorporation National Association UT now owns 25,572 shares of the business services provider’s stock worth $1,834,000 after purchasing an additional 7,767 shares in the last quarter. 87.44% of the stock is owned by institutional investors.

CBIZ Price Performance

CBZ opened at $49.09 on Friday. CBIZ, Inc. has a 1 year low of $48.15 and a 1 year high of $90.13. 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 has a market capitalization of $2.67 billion, a price-to-earnings ratio of 32.30 and a beta of 0.90. The firm’s fifty day moving average price is $52.85 and its two-hundred day moving average price is $62.95.

CBIZ (NYSE:CBZ) last released its quarterly earnings results 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. CBIZ had a net margin of 3.89% and a return on equity of 14.02%. The company had revenue of $693.82 million for the quarter, compared to analyst estimates of $709.18 million. During the same period last year, the firm earned $0.93 earnings per share. The firm’s revenue was up 58.1% on a year-over-year basis. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. As a group, analysts anticipate that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CBZ has been the topic of a number of analyst reports. William Blair reaffirmed an “outperform” rating on shares of CBIZ in a research note on Friday, September 5th. Weiss Ratings downgraded shares of CBIZ from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 24th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock 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.