CBIZ, Inc. $CBZ Shares Purchased by Summit Creek Advisors LLC

Summit Creek Advisors LLC increased its position in shares of CBIZ, Inc. (NYSE:CBZ) by 0.7% in the second quarter, HoldingsChannel reports. The firm owned 306,318 shares of the business services provider’s stock after acquiring an additional 2,228 shares during the quarter. CBIZ accounts for 3.1% of Summit Creek Advisors LLC’s portfolio, making the stock its 2nd biggest position. Summit Creek Advisors LLC’s holdings in CBIZ were worth $21,966,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new position in CBIZ during the first quarter valued at approximately $26,000. MAI Capital Management raised its position in CBIZ by 243.9% during the first quarter. MAI Capital Management now owns 423 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 300 shares in the last quarter. Whittier Trust Co. purchased a new position in CBIZ during the first quarter valued at approximately $34,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in CBIZ during the second quarter valued at approximately $35,000. Finally, Assetmark Inc. raised its position in CBIZ by 19.9% during the first quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 150 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CBZ has been the subject of several recent research reports. Weiss Ratings cut CBIZ from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 24th. William Blair reiterated an “outperform” rating on shares of CBIZ in a research report on Friday, September 5th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Insider Activity at CBIZ

In other CBIZ news, Director Rodney A. Young acquired 2,000 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was acquired at an average cost of $62.43 per share, for a total transaction of $124,860.00. Following the completion of the transaction, the director directly owned 8,310 shares of the company’s stock, valued at $518,793.30. This represents a 31.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.95% of the stock is owned by company insiders.

CBIZ Stock Up 0.7%

CBIZ stock opened at $55.43 on Thursday. The stock has a market capitalization of $3.02 billion, a PE ratio of 36.47 and a beta of 0.90. CBIZ, Inc. has a 12 month low of $50.51 and a 12 month high of $90.13. The business has a 50 day simple moving average of $55.43 and a 200-day simple moving average of $65.13. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.60 and a quick ratio of 1.60.

CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. The business had revenue of $693.82 million during the quarter, compared to analysts’ expectations of $709.18 million. CBIZ had a return on equity of 14.02% and a net margin of 3.89%.The business’s revenue was up 58.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. On average, analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

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.