King Luther Capital Management Corp Sells 2,024 Shares of CBIZ, Inc. $CBZ

King Luther Capital Management Corp lessened its holdings in CBIZ, Inc. (NYSE:CBZ) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,201 shares of the business services provider’s stock after selling 2,024 shares during the quarter. King Luther Capital Management Corp’s holdings in CBIZ were worth $5,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Quarry LP bought a new position in CBIZ during the first quarter valued at about $26,000. MAI Capital Management boosted its stake in CBIZ by 243.9% in 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 during the last quarter. Whittier Trust Co. bought a new position in shares of CBIZ during the 1st quarter valued at approximately $34,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of CBIZ during the 2nd quarter worth approximately $35,000. Finally, Assetmark Inc. increased its stake in shares of CBIZ by 19.9% during the 1st quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock worth $69,000 after purchasing an additional 150 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

CBIZ Stock Down 0.8%

CBZ opened at $53.14 on Monday. The firm has a market capitalization of $2.89 billion, a P/E ratio of 34.96 and a beta of 0.90. CBIZ, Inc. has a one year low of $50.51 and a one year high of $90.13. The company has a fifty day moving average price of $54.98 and a 200-day moving average price of $64.73. 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 issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $709.18 million. During the same quarter last year, the company posted $0.93 EPS. The company’s revenue for the quarter was up 58.1% on a year-over-year basis. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. Equities research analysts expect that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CBZ. William Blair reissued an “outperform” rating on shares of CBIZ in a report on Friday, September 5th. Weiss Ratings cut 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, CBIZ currently has a consensus rating of “Hold”.

CBIZ Company 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.