Cwm LLC Sells 10,764 Shares of CBIZ, Inc. $CBZ

Cwm LLC decreased its position in shares of CBIZ, Inc. (NYSE:CBZ) by 86.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,729 shares of the business services provider’s stock after selling 10,764 shares during the period. Cwm LLC’s holdings in CBIZ were worth $92,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Burgundy Asset Management Ltd. grew its holdings in CBIZ by 4.5% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,321,198 shares of the business services provider’s stock valued at $166,453,000 after purchasing an additional 100,932 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of CBIZ by 8.6% in the second quarter. Geode Capital Management LLC now owns 1,224,142 shares of the business services provider’s stock worth $87,794,000 after buying an additional 96,505 shares during the period. State Street Corp lifted its stake in shares of CBIZ by 4.6% during the 2nd quarter. State Street Corp now owns 1,210,801 shares of the business services provider’s stock worth $86,827,000 after acquiring an additional 53,099 shares during the last quarter. BloombergSen Inc. boosted its holdings in CBIZ by 9.5% during the 2nd quarter. BloombergSen Inc. now owns 1,119,362 shares of the business services provider’s stock valued at $80,269,000 after acquiring an additional 96,982 shares during the period. Finally, JPMorgan Chase & Co. grew its position in CBIZ by 30.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 985,958 shares of the business services provider’s stock valued at $70,703,000 after acquiring an additional 232,438 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analyst Ratings Changes

CBZ has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on CBIZ in a research report on Monday, January 12th. They set a “hold” rating and a $60.00 target price for the company. Weiss Ratings cut shares of CBIZ from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 24th. Finally, CJS Securities raised shares of CBIZ to a “strong-buy” rating in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

CBIZ Trading Down 1.6%

Shares of NYSE CBZ opened at $50.71 on Friday. The stock has a market capitalization of $2.76 billion, a P/E ratio of 33.36 and a beta of 0.93. The business has a fifty day moving average price of $51.72 and a 200 day moving average price of $57.98. CBIZ, Inc. has a 1-year low of $47.88 and a 1-year high of $90.13. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.57 and a quick ratio of 1.57.

CBIZ (NYSE:CBZ) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.07. CBIZ had a net margin of 3.89% and a return on equity of 14.00%. The firm had revenue of $693.82 million for the quarter, compared to the consensus estimate of $709.18 million. During the same quarter in the previous year, the firm earned $0.93 EPS. The company’s quarterly revenue was up 58.1% compared to the same quarter last year. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. Equities research analysts expect that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Insider Activity

In related news, CFO Brad S. Lakhia acquired 2,060 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was purchased at an average cost of $48.51 per share, with a total value of $99,930.60. Following the transaction, the chief financial officer directly owned 40,584 shares of the company’s stock, valued at $1,968,729.84. This trade represents a 5.35% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Benaree Pratt Wiley sold 8,288 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $49.54, for a total transaction of $410,587.52. Following the sale, the director directly owned 35,956 shares in the company, valued at approximately $1,781,260.24. This represents a 18.73% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 4.95% of the company’s stock.

About CBIZ

CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.