Advantage Alpha Capital Partners LP Decreases Stock Holdings in CBIZ, Inc. $CBZ

Advantage Alpha Capital Partners LP lowered its position in CBIZ, Inc. (NYSE:CBZ) by 6.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,463 shares of the business services provider’s stock after selling 3,408 shares during the period. Advantage Alpha Capital Partners LP owned approximately 0.09% of CBIZ worth $3,547,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Burgundy Asset Management Ltd. grew its holdings in CBIZ by 6.7% in the first quarter. Burgundy Asset Management Ltd. now owns 2,220,266 shares of the business services provider’s stock worth $168,429,000 after purchasing an additional 138,886 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of CBIZ by 8.6% during 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 during the last quarter. BloombergSen Inc. boosted its position in shares of CBIZ by 9.5% in the 2nd quarter. BloombergSen Inc. now owns 1,119,362 shares of the business services provider’s stock worth $80,269,000 after purchasing an additional 96,982 shares in the last quarter. JPMorgan Chase & Co. grew its stake in CBIZ by 30.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 985,958 shares of the business services provider’s stock worth $70,703,000 after buying an additional 232,438 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in CBIZ by 33.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 462,000 shares of the business services provider’s stock valued at $33,130,000 after buying an additional 115,000 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

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

CBIZ Stock Performance

Shares of CBZ opened at $49.09 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a 50-day moving average of $52.85 and a two-hundred day moving average of $62.95. The stock has a market cap of $2.67 billion, a P/E ratio of 32.30 and a beta of 0.90. CBIZ, Inc. has a one year low of $48.15 and a one year high of $90.13.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data 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. The firm had revenue of $693.82 million during the quarter, compared to analysts’ expectations of $709.18 million. CBIZ had a return on equity of 14.02% and a net margin of 3.89%.The company’s revenue for the quarter was up 58.1% compared to the same quarter last year. During the same period last year, the business posted $0.93 earnings per share. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. As a group, research analysts predict 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.