Police & Firemen s Retirement System of New Jersey Increases Stock Holdings in CBIZ, Inc. $CBZ

Police & Firemen s Retirement System of New Jersey raised its holdings in CBIZ, Inc. (NYSE:CBZ) by 15.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,836 shares of the business services provider’s stock after buying an additional 1,623 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in CBIZ were worth $849,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of CBIZ during the first quarter valued at about $26,000. MAI Capital Management grew its position in CBIZ by 243.9% during the 1st quarter. MAI Capital Management now owns 423 shares of the business services provider’s stock worth $32,000 after purchasing an additional 300 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in CBIZ during the 2nd quarter worth approximately $35,000. Assetmark Inc. increased its stake in CBIZ by 19.9% during the 1st quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 150 shares in the last quarter. Finally, Huntington National Bank raised its holdings in shares of CBIZ by 15.7% in the second quarter. Huntington National Bank now owns 2,228 shares of the business services provider’s stock worth $160,000 after buying an additional 302 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Trading Up 2.5%

Shares of CBIZ stock opened at $51.25 on Friday. The stock has a market cap of $2.79 billion, a PE ratio of 33.72 and a beta of 0.90. The firm has a fifty day moving average price of $53.32 and a 200 day moving average price of $63.53. 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 announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.07. The company 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 for the quarter was up 58.1% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. Equities research analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CBZ. William Blair reissued an “outperform” rating on shares of CBIZ in a report on Friday, September 5th. Weiss Ratings downgraded 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 company. According to MarketBeat, CBIZ presently has a consensus rating of “Hold”.

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.