Fifth Third Bancorp Has $340,000 Stock Holdings in CBIZ, Inc. $CBZ

Fifth Third Bancorp cut its holdings in CBIZ, Inc. (NYSE:CBZ) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,739 shares of the business services provider’s stock after selling 258 shares during the quarter. Fifth Third Bancorp’s holdings in CBIZ were worth $340,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CBZ. Burgundy Asset Management Ltd. boosted its position in CBIZ by 6.7% during the 1st quarter. Burgundy Asset Management Ltd. now owns 2,220,266 shares of the business services provider’s stock worth $168,429,000 after acquiring an additional 138,886 shares during the last quarter. GW&K Investment Management LLC boosted its holdings in shares of CBIZ by 9.7% in the 1st quarter. GW&K Investment Management LLC now owns 893,516 shares of the business services provider’s stock valued at $67,782,000 after buying an additional 78,811 shares during the last quarter. Artemis Investment Management LLP boosted its holdings in shares of CBIZ by 60.4% in the 1st quarter. Artemis Investment Management LLP now owns 631,893 shares of the business services provider’s stock valued at $47,935,000 after buying an additional 237,983 shares during the last quarter. Bessemer Group Inc. raised its stake in CBIZ by 3.9% in the 1st quarter. Bessemer Group Inc. now owns 427,923 shares of the business services provider’s stock valued at $32,463,000 after acquiring an additional 16,220 shares during the period. Finally, Blair William & Co. IL raised its stake in CBIZ by 1.1% in the 1st quarter. Blair William & Co. IL now owns 427,605 shares of the business services provider’s stock valued at $32,438,000 after acquiring an additional 4,739 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CBIZ

In other news, Director Rodney A. Young acquired 2,000 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was purchased at an average price of $62.43 per share, for a total transaction of $124,860.00. Following the completion of the acquisition, the director directly owned 8,310 shares in the company, valued at $518,793.30. The trade was a 31.70% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 4.95% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, William Blair reiterated an “outperform” rating on shares of CBIZ in a research report on Friday, September 5th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

CBIZ Stock Performance

Shares of CBZ stock opened at $52.99 on Wednesday. The business’s 50-day moving average price is $61.88 and its 200-day moving average price is $68.95. 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 firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 30.45 and a beta of 0.95. CBIZ, Inc. has a 12 month low of $50.51 and a 12 month high of $90.13.

CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11. The company had revenue of $683.50 million for the quarter, compared to analyst estimates of $701.43 million. CBIZ had a return on equity of 14.73% and a net margin of 4.51%.The firm’s quarterly revenue was up 62.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 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 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.