CBIZ, Inc. $CBZ Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 27.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,919 shares of the business services provider’s stock after selling 8,677 shares during the quarter. Intech Investment Management LLC’s holdings in CBIZ were worth $1,644,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CBZ. Police & Firemen s Retirement System of New Jersey increased its stake in shares of CBIZ by 15.9% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 11,836 shares of the business services provider’s stock worth $849,000 after acquiring an additional 1,623 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of CBIZ by 8.6% in the second quarter. Geode Capital Management LLC now owns 1,224,142 shares of the business services provider’s stock valued at $87,794,000 after purchasing an additional 96,505 shares during the period. Mawer Investment Management Ltd. purchased a new stake in shares of CBIZ in the second quarter valued at about $9,227,000. ProShare Advisors LLC increased its position in CBIZ by 3.6% during the second quarter. ProShare Advisors LLC now owns 10,752 shares of the business services provider’s stock worth $771,000 after purchasing an additional 377 shares during the last quarter. Finally, Zions Bancorporation National Association UT raised its stake in CBIZ by 43.6% during the second quarter. Zions Bancorporation National Association UT now owns 25,572 shares of the business services provider’s stock worth $1,834,000 after purchasing an additional 7,767 shares during the period. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CBZ shares. William Blair reissued an “outperform” rating on shares of CBIZ in a research note on Friday, September 5th. Weiss Ratings cut CBIZ from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, CBIZ has an average rating of “Hold”.

CBIZ Price Performance

Shares of CBZ opened at $51.25 on Friday. The firm has a 50-day simple moving average of $53.32 and a two-hundred day simple moving average of $63.53. The stock has a market cap of $2.79 billion, a PE ratio of 33.72 and a beta of 0.90. CBIZ, Inc. has a 1-year low of $49.28 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.

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

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.