CBIZ, Inc. $CBZ Shares Acquired by Zions Bancorporation National Association UT

Zions Bancorporation National Association UT increased its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 43.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 25,572 shares of the business services provider’s stock after acquiring an additional 7,767 shares during the period. Zions Bancorporation National Association UT’s holdings in CBIZ were worth $1,834,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in CBIZ during the first quarter worth $26,000. MAI Capital Management increased its stake in shares of CBIZ by 243.9% during the first quarter. MAI Capital Management now owns 423 shares of the business services provider’s stock worth $32,000 after purchasing an additional 300 shares in the last quarter. Whittier Trust Co. purchased a new stake in shares of CBIZ during the first quarter worth about $34,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of CBIZ during the 2nd quarter worth about $35,000. Finally, Assetmark Inc. lifted its stake 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 buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

CBIZ Price Performance

CBZ stock opened at $53.14 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 firm has a market capitalization of $2.89 billion, a PE ratio of 34.96 and a beta of 0.90. The business has a 50 day simple moving average of $54.98 and a 200-day simple moving average of $64.73.

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

Analyst Ratings Changes

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

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.