Bessemer Group Inc. Has $32.11 Million Stock Holdings in CBIZ, Inc. $CBZ

Bessemer Group Inc. raised its holdings in CBIZ, Inc. (NYSE:CBZ) by 4.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 447,844 shares of the business services provider’s stock after purchasing an additional 19,921 shares during the quarter. Bessemer Group Inc. owned 0.82% of CBIZ worth $32,114,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CBZ. Taylor Frigon Capital Management LLC boosted its holdings in shares of CBIZ by 67.4% during the 1st quarter. Taylor Frigon Capital Management LLC now owns 31,891 shares of the business services provider’s stock valued at $2,419,000 after acquiring an additional 12,839 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of CBIZ by 11.6% during the 1st quarter. Teacher Retirement System of Texas now owns 6,604 shares of the business services provider’s stock valued at $501,000 after acquiring an additional 685 shares in the last quarter. 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 valued at $2,410,000 after acquiring an additional 243 shares in the last quarter. Olde Wealth Management LLC acquired a new stake in shares of CBIZ during the 1st quarter valued at $55,000. Finally, Envestnet Asset Management Inc. boosted its holdings 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 valued at $5,932,000 after acquiring an additional 3,230 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Insider Transactions at CBIZ

In other CBIZ news, Director Rodney A. Young acquired 2,000 shares of the stock in a transaction dated Friday, August 8th. The stock was purchased at an average cost of $62.43 per share, with a total value of $124,860.00. Following the transaction, the director owned 8,310 shares in the company, valued at approximately $518,793.30. The trade was a 31.70% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 4.95% of the stock is currently owned by corporate insiders.

CBIZ Stock Down 0.9%

Shares of NYSE:CBZ opened at $52.80 on Tuesday. The firm has a market cap of $2.85 billion, a P/E ratio of 30.35 and a beta of 0.90. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.79. CBIZ, Inc. has a 12-month low of $50.51 and a 12-month high of $90.13. The business has a fifty day simple moving average of $56.99 and a 200 day simple moving average of $66.31.

CBIZ (NYSE:CBZ) last announced its earnings results on Wednesday, July 30th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.11. The business had revenue of $683.50 million during the quarter, compared to analyst estimates of $701.43 million. CBIZ had a return on equity of 14.73% and a net margin of 4.51%.CBIZ’s revenue for the quarter was up 62.7% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. Analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CBZ. William Blair reissued an “outperform” rating on shares of CBIZ in a report on Friday, September 5th. Weiss Ratings downgraded CBIZ from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About CBIZ

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.