Key Points
- CFO Brad Lakhia bought 2,060 shares of CBIZ on Nov. 26 at $48.51 each (~$99,930.60), raising his stake 5.35% to 40,584 shares; the purchase was disclosed in an SEC Form 4.
- In the most recent quarter CBIZ reported $1.01 EPS (beat vs. $0.94 est.) but missed revenue expectations ($693.8M vs. $709.2M), and the company set FY2025 guidance at 3.600–3.650 EPS.
- Hedge funds and institutions own about 87.44% of CBIZ, including major new stakes from Durable Capital (~$207.9M) and a large position increase by Citadel, indicating strong institutional interest.
CBIZ, Inc. (NYSE:CBZ - Get Free Report) CFO Brad Lakhia acquired 2,060 shares of the firm's stock in a transaction that occurred on Wednesday, November 26th. The shares were bought at an average price of $48.51 per share, for a total transaction of $99,930.60. Following the completion of the purchase, the chief financial officer owned 40,584 shares in the company, valued at $1,968,729.84. This trade represents a 5.35% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
CBIZ Stock Down 0.1%
Shares of NYSE CBZ opened at $48.66 on Tuesday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.79. The company has a market cap of $2.65 billion, a P/E ratio of 32.02 and a beta of 0.90. CBIZ, Inc. has a 52 week low of $47.88 and a 52 week high of $90.13. The business has a 50-day simple moving average of $52.64 and a two-hundred day simple moving average of $62.46.
CBIZ (NYSE:CBZ - Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.07. CBIZ had a return on equity of 14.02% and a net margin of 3.89%.The firm had revenue of $693.82 million for the quarter, compared to analysts' expectations of $709.18 million. During the same period in the prior year, the business posted $0.93 earnings per share. The company's revenue was up 58.1% on a year-over-year basis. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. Research analysts anticipate that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.
Hedge Funds Weigh In On CBIZ
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Durable Capital Partners LP purchased a new stake in shares of CBIZ during the 3rd quarter valued at $207,872,000. Sunriver Management LLC purchased a new position in CBIZ in the third quarter worth $31,605,000. Citadel Advisors LLC increased its stake in CBIZ by 253.6% in the third quarter. Citadel Advisors LLC now owns 623,060 shares of the business services provider's stock valued at $32,997,000 after acquiring an additional 446,876 shares during the last quarter. Nuveen LLC bought a new position in CBIZ in the first quarter valued at $23,494,000. Finally, William Blair Investment Management LLC purchased a new stake in CBIZ during the second quarter valued at about $21,739,000. Hedge funds and other institutional investors own 87.44% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on CBZ. William Blair reiterated an "outperform" rating on shares of CBIZ in a research note on Friday, September 5th. Weiss Ratings downgraded CBIZ from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, October 24th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, CBIZ currently has a consensus rating of "Hold".
View Our Latest Stock Analysis on CBIZ
CBIZ Company Profile
(
Get Free Report)
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.
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