CBIZ (NYSE:CBZ) Director Sells 8,288 Shares

CBIZ, Inc. (NYSE:CBZ) Director Benaree Pratt Wiley sold 8,288 shares of CBIZ stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $49.54, for a total value of $410,587.52. Following the transaction, the director owned 35,956 shares in the company, valued at approximately $1,781,260.24. This represents a 18.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CBIZ Trading Up 4.2%

Shares of CBZ traded up $2.15 during mid-day trading on Thursday, reaching $53.57. The stock had a trading volume of 989,307 shares, compared to its average volume of 523,109. CBIZ, Inc. has a 52-week low of $47.88 and a 52-week high of $90.13. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 35.25 and a beta of 0.94. The business’s fifty day moving average is $52.57 and its 200 day moving average is $62.21. 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 issued its earnings results on Wednesday, October 29th. The business services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.07. CBIZ had a net margin of 3.89% and a return on equity of 14.00%. The company had revenue of $693.82 million for the quarter, compared to the consensus estimate of $709.18 million. During the same period in the previous year, the firm earned $0.93 earnings per share. CBIZ’s quarterly revenue was up 58.1% compared to the same quarter last year. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. On average, sell-side analysts predict that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on CBZ shares. William Blair reiterated an “outperform” rating on shares of CBIZ in a research report on Friday, September 5th. Weiss Ratings lowered CBIZ from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CBZ. Durable Capital Partners LP acquired a new stake in shares of CBIZ in the third quarter valued at $207,872,000. Burgundy Asset Management Ltd. boosted its holdings 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 valued at $166,453,000 after acquiring an additional 100,932 shares during the period. Geode Capital Management LLC grew its position in CBIZ by 8.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,224,142 shares of the business services provider’s stock valued at $87,794,000 after acquiring an additional 96,505 shares in the last quarter. State Street Corp increased its stake in CBIZ by 4.6% during the second quarter. State Street Corp now owns 1,210,801 shares of the business services provider’s stock worth $86,827,000 after purchasing an additional 53,099 shares during the period. Finally, BloombergSen Inc. increased its stake in CBIZ by 9.5% during the second quarter. BloombergSen Inc. now owns 1,119,362 shares of the business services provider’s stock worth $80,269,000 after purchasing an additional 96,982 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

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.