Schneider Downs Wealth Management Advisors LP Sells 274 Shares of CBIZ, Inc. $CBZ

Schneider Downs Wealth Management Advisors LP trimmed its stake in CBIZ, Inc. (NYSE:CBZ) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,369 shares of the business services provider’s stock after selling 274 shares during the period. Schneider Downs Wealth Management Advisors LP’s holdings in CBIZ were worth $1,676,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quarry LP bought a new position in shares of CBIZ in the 1st quarter worth $26,000. MAI Capital Management raised its position in shares of CBIZ by 243.9% in the 1st quarter. MAI Capital Management now owns 423 shares of the business services provider’s stock worth $32,000 after acquiring an additional 300 shares in the last quarter. Whittier Trust Co. bought a new position in shares of CBIZ in the 1st quarter worth $34,000. Olde Wealth Management LLC bought a new position in shares of CBIZ in the 1st quarter worth $55,000. Finally, Assetmark Inc. increased its position in CBIZ by 19.9% during the 1st quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock valued at $69,000 after buying an additional 150 shares in the last quarter. 87.44% of the stock is owned by institutional investors.

CBIZ Stock Up 0.1%

CBIZ stock opened at $53.26 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 1.60. The business’s 50-day simple moving average is $57.18 and its two-hundred day simple moving average is $66.54. The company has a market cap of $2.87 billion, a PE ratio of 30.61 and a beta of 0.90. CBIZ, Inc. has a fifty-two week low of $50.51 and a fifty-two week high of $90.13.

CBIZ (NYSE:CBZ) last posted its quarterly earnings results on Wednesday, July 30th. The business services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.11. The business had revenue of $683.50 million for 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 company’s quarterly revenue was up 62.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 EPS. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. Equities analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. William Blair reaffirmed 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 report on Friday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, CBIZ currently has an average rating of “Hold”.

Insiders Place Their Bets

In other news, Director Rodney A. Young purchased 2,000 shares of the company’s stock in a transaction on Friday, August 8th. The shares were acquired at an average price of $62.43 per share, for a total transaction of $124,860.00. Following the purchase, the director owned 8,310 shares in the company, valued at $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 is accessible through this hyperlink. Insiders own 4.95% of the company’s stock.

CBIZ 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.