Taylor Frigon Capital Management LLC Sells 2,082 Shares of CBIZ, Inc. $CBZ

Taylor Frigon Capital Management LLC lowered its position in shares of CBIZ, Inc. (NYSE:CBZ) by 6.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,809 shares of the business services provider’s stock after selling 2,082 shares during the period. Taylor Frigon Capital Management LLC owned about 0.05% of CBIZ worth $2,138,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP acquired a new stake in shares of CBIZ during the first quarter valued at about $26,000. MAI Capital Management raised its holdings in CBIZ by 243.9% in the 1st quarter. MAI Capital Management now owns 423 shares of the business services provider’s stock valued at $32,000 after buying an additional 300 shares during the last quarter. Whittier Trust Co. acquired a new stake in CBIZ during the 1st quarter worth approximately $34,000. Olde Wealth Management LLC bought a new stake in CBIZ during the 1st quarter worth approximately $55,000. Finally, Assetmark Inc. increased its position in CBIZ by 19.9% in the 1st quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, William Blair reiterated an “outperform” rating on shares of CBIZ in a report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

CBIZ Stock Up 2.7%

Shares of NYSE:CBZ opened at $52.59 on Monday. CBIZ, Inc. has a 1 year low of $50.51 and a 1 year high of $90.13. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.60 and a quick ratio of 1.60. The business’s 50-day moving average is $62.66 and its 200-day moving average is $69.17. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 30.22 and a beta of 0.95.

CBIZ (NYSE:CBZ) last issued its earnings results on Wednesday, July 30th. The business services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11. The business had revenue of $683.50 million during the quarter, compared to the consensus estimate of $701.43 million. CBIZ had a return on equity of 14.73% and a net margin of 4.51%.The firm’s revenue for the quarter was up 62.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. Equities research analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Rodney A. Young acquired 2,000 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were purchased at an average price of $62.43 per share, for a total transaction of $124,860.00. Following the completion of the acquisition, the director owned 8,310 shares of the company’s stock, valued at approximately $518,793.30. This trade represents a 31.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.95% of the company’s stock.

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.