Neumeier Poma Investment Counsel LLC Reduces Position in CBIZ, Inc. $CBZ

Neumeier Poma Investment Counsel LLC trimmed its stake in CBIZ, Inc. (NYSE:CBZ) by 3.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 438,976 shares of the business services provider’s stock after selling 17,406 shares during the quarter. CBIZ makes up 2.9% of Neumeier Poma Investment Counsel LLC’s portfolio, making the stock its 16th biggest holding. Neumeier Poma Investment Counsel LLC’s holdings in CBIZ were worth $31,479,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC increased its position in CBIZ by 49.8% during the 2nd quarter. Empowered Funds LLC now owns 60,315 shares of the business services provider’s stock worth $4,325,000 after purchasing an additional 20,046 shares in the last quarter. Police & Firemen s Retirement System of New Jersey lifted its holdings in 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 valued at $849,000 after purchasing an additional 1,623 shares in the last quarter. Geode Capital Management LLC lifted its holdings in CBIZ by 8.6% in the 2nd 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 in the last quarter. Mawer Investment Management Ltd. acquired a new stake in shares of CBIZ during the 2nd quarter worth about $9,227,000. Finally, ProShare Advisors LLC grew its holdings in shares of 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 buying an additional 377 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

CBIZ Stock Up 0.7%

CBZ opened at $50.15 on Wednesday. CBIZ, Inc. has a 12 month low of $49.28 and a 12 month high of $90.13. The business has a 50-day moving average of $53.68 and a two-hundred day moving average of $63.91. 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 stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 32.99 and a beta of 0.90.

CBIZ (NYSE:CBZ) last released its earnings results on Wednesday, October 29th. The business services provider reported $1.01 earnings per share (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 business had revenue of $693.82 million for the quarter, compared to analysts’ expectations of $709.18 million. During the same period last year, the company earned $0.93 earnings per share. The company’s quarterly revenue was up 58.1% on a year-over-year basis. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. On average, research analysts expect that CBIZ, Inc. will post 2.65 earnings per share for the current 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.