Y Intercept Hong Kong Ltd Acquires New Holdings in CBIZ, Inc. $CBZ

Y Intercept Hong Kong Ltd bought a new position in shares of CBIZ, Inc. (NYSE:CBZ) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 73,539 shares of the business services provider’s stock, valued at approximately $3,895,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of CBIZ in the 2nd quarter worth $35,000. Strategic Wealth Investment Group LLC bought a new stake in CBIZ during the second quarter valued at about $37,000. EverSource Wealth Advisors LLC raised its holdings in CBIZ by 165.4% in the second quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock worth $52,000 after purchasing an additional 450 shares in the last quarter. Raymond James Financial Inc. bought a new position in CBIZ in the second quarter worth about $132,000. Finally, Huntington National Bank lifted its position in shares of CBIZ by 15.7% during the second quarter. Huntington National Bank now owns 2,228 shares of the business services provider’s stock valued at $160,000 after buying an additional 302 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Insider Buying and Selling at CBIZ

In other news, CFO Brad S. Lakhia bought 2,060 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were purchased at an average cost of $48.51 per share, with a total value of $99,930.60. Following the transaction, the chief financial officer directly owned 40,584 shares in the company, valued at approximately $1,968,729.84. The trade was a 5.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Benaree Pratt Wiley sold 8,288 shares of CBIZ stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $49.54, for a total value of $410,587.52. Following 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 position. The SEC filing for this sale provides additional information. 4.95% of the stock is owned by corporate insiders.

CBIZ Stock Down 4.9%

CBZ stock opened at $40.96 on Monday. The firm has a 50 day moving average of $51.05 and a 200 day moving average of $56.88. The stock has a market capitalization of $2.23 billion, a PE ratio of 26.95 and a beta of 0.93. 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, Inc. has a 52 week low of $40.41 and a 52 week high of $90.13.

CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. The business 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%. CBIZ’s revenue for the quarter was up 58.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 EPS. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. Sell-side analysts forecast that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CBZ. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CBIZ in a research report on Monday, January 12th. They issued a “hold” rating and a $60.00 price objective on the stock. CJS Securities raised shares of CBIZ to a “strong-buy” rating in a report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CBIZ in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.00.

CBIZ Company 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.