CBIZ, Inc. $CBZ Shares Bought by LPL Financial LLC

LPL Financial LLC grew its position in shares of CBIZ, Inc. (NYSE:CBZ) by 89.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,181 shares of the business services provider’s stock after acquiring an additional 18,027 shares during the quarter. LPL Financial LLC owned about 0.07% of CBIZ worth $2,810,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Assetmark Inc. boosted its holdings in shares of CBIZ by 19.9% during the first quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 150 shares during the period. Xponance Inc. lifted its stake in CBIZ by 5.7% during the first quarter. Xponance Inc. now owns 3,620 shares of the business services provider’s stock valued at $275,000 after buying an additional 195 shares in the last quarter. Captrust Financial Advisors lifted its stake in CBIZ by 2.0% during the fourth quarter. Captrust Financial Advisors now owns 10,399 shares of the business services provider’s stock valued at $851,000 after buying an additional 199 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of CBIZ by 4.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,956 shares of the business services provider’s stock valued at $376,000 after purchasing an additional 209 shares during the period. Finally, Summit Investment Advisors Inc. increased its holdings in shares of CBIZ by 4.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,014 shares of the business services provider’s stock valued at $410,000 after purchasing an additional 231 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, William Blair restated an “outperform” rating on shares of CBIZ in a report on Friday, April 25th.

Insider Buying and Selling

In other news, Director Rodney A. Young bought 2,000 shares of CBIZ stock in a transaction that occurred on Friday, August 8th. The stock was purchased at an average cost of $62.43 per share, with a total value of $124,860.00. Following the completion of the transaction, the director directly owned 8,310 shares in the company, valued at $518,793.30. This trade represents a 31.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.95% of the stock is currently owned by company insiders.

CBIZ Stock Down 0.2%

CBZ opened at $62.49 on Monday. CBIZ, Inc. has a 1-year low of $56.83 and a 1-year high of $90.13. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 35.91 and a beta of 0.92. The business has a 50 day moving average of $69.99 and a 200-day moving average of $73.82.

CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.11. The company had revenue of $683.50 million during the quarter, compared to analysts’ expectations of $701.43 million. CBIZ had a return on equity of 14.73% and a net margin of 4.51%. CBIZ’s revenue for the quarter was up 62.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share. As a group, sell-side analysts anticipate that CBIZ, Inc. will post 2.65 earnings per share for the current year.

About CBIZ

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.