Callan Family Office LLC Boosts Stake in CBIZ, Inc. (NYSE:CBZ)

Callan Family Office LLC raised its holdings in CBIZ, Inc. (NYSE:CBZ) by 4.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,423 shares of the business services provider’s stock after purchasing an additional 489 shares during the quarter. Callan Family Office LLC’s holdings in CBIZ were worth $942,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. purchased a new stake in CBIZ in the first quarter valued at $34,000. McIlrath & Eck LLC raised its position in CBIZ by 193.2% in the fourth quarter. McIlrath & Eck LLC now owns 557 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 367 shares during the period. Olde Wealth Management LLC purchased a new stake in CBIZ in the first quarter valued at $55,000. Assetmark Inc. raised its position in CBIZ by 19.9% in the first quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 150 shares during the period. Finally, ArrowMark Colorado Holdings LLC purchased a new stake in CBIZ in the fourth quarter valued at $204,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Insider Buying and Selling at CBIZ

In other news, Director Rodney A. Young acquired 2,000 shares of the company’s stock in a transaction dated Friday, August 8th. The stock was acquired at an average cost of $62.43 per share, with a total value of $124,860.00. Following the completion of the purchase, the director owned 8,310 shares of the company’s stock, valued at $518,793.30. This represents a 31.70% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 4.95% of the company’s stock.

Analyst Ratings Changes

Separately, William Blair reaffirmed an “outperform” rating on shares of CBIZ in a research note on Friday, April 25th.

CBIZ Trading Up 1.9%

Shares of NYSE CBZ opened at $62.97 on Wednesday. CBIZ, Inc. has a twelve month low of $56.83 and a twelve month high of $90.13. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79. The stock has a fifty day simple moving average of $70.59 and a 200-day simple moving average of $74.37. The stock has a market capitalization of $3.40 billion, a PE ratio of 36.19 and a beta of 0.92.

CBIZ (NYSE:CBZ) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. CBIZ had a return on equity of 14.73% and a net margin of 4.51%. The business had revenue of $683.50 million during the quarter, compared to analysts’ expectations of $701.43 million. During the same period in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up 62.7% on a year-over-year basis. On average, equities analysts forecast that CBIZ, Inc. will post 2.65 earnings per share for the current year.

CBIZ Company 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.