CBIZ, Inc. $CBZ Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in CBIZ, Inc. (NYSE:CBZ) by 19.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,754 shares of the business services provider’s stock after selling 14,903 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.11% of CBIZ worth $4,516,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of CBIZ in the 1st quarter valued at $2,335,000. Royce & Associates LP grew its holdings in shares of CBIZ by 0.6% during the first quarter. Royce & Associates LP now owns 210,219 shares of the business services provider’s stock worth $15,947,000 after purchasing an additional 1,300 shares during the last quarter. Avantax Advisory Services Inc. increased its position in shares of CBIZ by 4.4% during the first quarter. Avantax Advisory Services Inc. now owns 4,956 shares of the business services provider’s stock worth $376,000 after purchasing an additional 209 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of CBIZ by 19.9% in 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 during the last quarter. Finally, LPL Financial LLC boosted its position in shares of CBIZ by 89.4% in the 1st quarter. LPL Financial LLC now owns 38,181 shares of the business services provider’s stock valued at $2,810,000 after purchasing an additional 18,027 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

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

CBIZ Stock Performance

Shares of CBZ stock opened at $51.25 on Friday. The stock’s 50-day moving average price is $53.32 and its 200 day moving average price is $63.58. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $2.79 billion, a PE ratio of 33.72 and a beta of 0.90. CBIZ, Inc. has a 52-week low of $49.28 and a 52-week high of $90.13.

CBIZ (NYSE:CBZ) last announced its earnings results on Wednesday, October 29th. The business services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.07. CBIZ had a return on equity of 14.02% and a net margin of 3.89%.The company had revenue of $693.82 million for the quarter, compared to the consensus estimate of $709.18 million. During the same period last year, the business posted $0.93 EPS. The company’s revenue was up 58.1% on a year-over-year basis. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. As a group, equities research analysts forecast that CBIZ, Inc. will post 2.65 EPS 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.