Brad Lakhia Buys 2,060 Shares of CBIZ (NYSE:CBZ) Stock

CBIZ, Inc. (NYSE:CBZ) CFO Brad Lakhia purchased 2,060 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was bought at an average cost of $48.51 per share, with a total value of $99,930.60. Following the purchase, the chief financial officer owned 40,584 shares of the company’s stock, valued at approximately $1,968,729.84. This trade represents a 5.35% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

CBIZ Price Performance

CBIZ stock opened at $49.78 on Wednesday. The stock’s 50 day moving average is $52.58 and its 200 day moving average is $62.29. CBIZ, Inc. has a one year low of $47.88 and a one year high of $90.13. The firm has a market cap of $2.71 billion, a P/E ratio of 32.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.57 and a quick ratio of 1.57.

CBIZ (NYSE:CBZ) last released its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.07. The firm had revenue of $693.82 million during 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 company’s revenue was up 58.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 EPS. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. As a group, research analysts expect that CBIZ, Inc. will post 2.65 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on CBZ shares. Weiss Ratings cut shares of CBIZ from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 24th. William Blair reissued an “outperform” rating on shares of CBIZ in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, CBIZ has a consensus rating of “Hold”.

Institutional Investors Weigh In On CBIZ

Several hedge funds and other institutional investors have recently bought and sold shares of CBZ. Durable Capital Partners LP bought a new position in shares of CBIZ during the 3rd quarter worth about $207,872,000. Burgundy Asset Management Ltd. raised its stake in CBIZ by 4.5% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,321,198 shares of the business services provider’s stock worth $166,453,000 after buying an additional 100,932 shares during the period. Geode Capital Management LLC boosted its holdings in CBIZ by 8.6% in the second quarter. Geode Capital Management LLC now owns 1,224,142 shares of the business services provider’s stock worth $87,794,000 after acquiring an additional 96,505 shares in the last quarter. State Street Corp grew its stake in CBIZ by 4.6% in the second quarter. State Street Corp now owns 1,210,801 shares of the business services provider’s stock valued at $86,827,000 after acquiring an additional 53,099 shares during the period. Finally, BloombergSen Inc. grew its stake in CBIZ by 9.5% in the second quarter. BloombergSen Inc. now owns 1,119,362 shares of the business services provider’s stock valued at $80,269,000 after acquiring an additional 96,982 shares during the period. 87.44% of the stock is owned by institutional investors.

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.