Teacher Retirement System of Texas Has $556,000 Stock Holdings in CBIZ, Inc. $CBZ

Teacher Retirement System of Texas lifted its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 17.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 7,758 shares of the business services provider’s stock after acquiring an additional 1,154 shares during the period. Teacher Retirement System of Texas’ holdings in CBIZ were worth $556,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Burgundy Asset Management Ltd. lifted its stake in CBIZ by 6.7% during the first quarter. Burgundy Asset Management Ltd. now owns 2,220,266 shares of the business services provider’s stock worth $168,429,000 after purchasing an additional 138,886 shares during the period. BloombergSen Inc. raised its holdings in shares of CBIZ by 9.5% in the 2nd quarter. BloombergSen Inc. now owns 1,119,362 shares of the business services provider’s stock worth $80,269,000 after buying an additional 96,982 shares in the last quarter. GW&K Investment Management LLC lifted its position in shares of CBIZ by 9.7% during the 1st quarter. GW&K Investment Management LLC now owns 893,516 shares of the business services provider’s stock worth $67,782,000 after buying an additional 78,811 shares during the period. Bessemer Group Inc. boosted its stake in CBIZ by 4.7% in the 2nd quarter. Bessemer Group Inc. now owns 447,844 shares of the business services provider’s stock valued at $32,114,000 after buying an additional 19,921 shares in the last quarter. Finally, Blair William & Co. IL boosted its stake in CBIZ by 1.6% in the 2nd quarter. Blair William & Co. IL now owns 434,498 shares of the business services provider’s stock valued at $31,158,000 after buying an additional 6,893 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CBZ shares. William Blair reissued an “outperform” rating on shares of CBIZ in a report on Friday, September 5th. Weiss Ratings cut shares of CBIZ from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, CBIZ presently has an average rating of “Hold”.

CBIZ Price Performance

CBIZ stock opened at $53.14 on Monday. The business’s fifty day moving average is $54.98 and its two-hundred day moving average is $64.73. 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 firm has a market cap of $2.89 billion, a P/E ratio of 34.96 and a beta of 0.90. CBIZ, Inc. has a 52 week low of $50.51 and a 52 week high of $90.13.

CBIZ (NYSE:CBZ) last released 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. The business had revenue of $693.82 million during the quarter, compared to analysts’ expectations of $709.18 million. CBIZ had a return on equity of 14.02% and a net margin of 3.89%.The firm’s revenue for the quarter was up 58.1% compared to the same quarter last year. During the same period in the previous 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 forecast that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

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.