CBIZ, Inc. provides financial, insurance, and advisory services in the United States and Canada. The company operates through three segments: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services segment offers accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services. The Benefits and Insurance Services provides group health benefits consulting, payroll, property and casualty, and retirement plan services. The National Practices segment offers managed networking and hardware, and health care consulting services. It primarily serves small and medium-sized businesses, as well as individuals, governmental entities, and not-for-profit enterprises. The company was founded in 1987 and is headquartered in Cleveland, Ohio.
IPO Year:
Exchange: NYSE
Website: cbiz.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/12/2024 | $80.00 → $86.00 | Neutral → Buy | Sidoti |
| 1/2/2024 | Buy → Neutral | Sidoti | |
| 10/30/2023 | $63.00 | Neutral → Buy | Sidoti |
| 9/5/2023 | $58.00 | Buy → Neutral | Sidoti |
EXPECTED COMBINED ANNUALIZED REVENUE OF ~$2.8B CLEVELAND, Nov. 1, 2024 /PRNewswire/ -- CBIZ, Inc. (NYSE:CBZ) (the "Company"), a leading national professional services advisor, today announced it has completed the acquisition of the non-attest business of Marcum LLP ("Marcum"), with expected combined annualized revenue of approximately $2.8 billion. The transaction makes CBIZ the largest full-service professional services advisor of its kind in the U.S. providing accounting, tax, advisory, benefits, insurance, and technology services, primarily to middle-market businesses. Conc
THIRD-QUARTER HIGHLIGHTS: TOTAL REVENUE OF $438.9 MILLION, UP 6.9%; SAME-UNIT REVENUE UP 5.1%NET INCOME UP 4.2%; ADJUSTED EBITDA UP 23.0%GAAP EPS UP 4.5%; ADJUSTED EPS UP 27.3%NINE-MONTH HIGHLIGHTS: TOTAL REVENUE OF $1.4 BILLION UP 7.1%; SAME-UNIT REVENUE UP 4.6%NET INCOME DOWN 1.5%; ADJUSTED EBITDA UP 7.0%GAAP EPS DOWN 0.8%; ADJUSTED EPS UP 7.5%CLEVELAND, Oct. 29, 2024 /PRNewswire/ -- CBIZ, Inc., (NYSE:CBZ) ("CBIZ" or the "Company"), a leading provider of financial, insurance and advisory services, today announced results for the third quarter and nine months ended September 30, 2024.
The CBIZ Main Street Index – Fall 2024 finds the majority of SMBs are evaluating staff levels, with many unable to fully utilize their workforce amid the looming presidential election CBIZ, Inc. (NYSE:CBZ), a leading provider of financial, insurance and advisory services, has released the Fall 2024 Main Street Index, taking the pulse of and gauging the outlook for small and mid-sized businesses (SMBs). The index revealed that companies are facing growing staffing challenges, as rising business costs and economic conditions are prompting potential layoffs. Fifty-one percent of SMB owners surveyed say they are evaluating or changing current staff levels and outsourced partners to prepare for
CLEVELAND, Oct. 15, 2024 /PRNewswire/ -- CBIZ, Inc., (NYSE: CBZ) (the "Company") a leading provider of financial, insurance and advisory services, will announce its financial results for the third quarter ended September 30, 2024, before markets open on Tuesday, October 29, 2024. A conference call to discuss the Company's financial results will be hosted by CBIZ President and Chief Executive Officer Jerry Grisko and Chief Financial Officer Ware Grove at 11 a.m. (ET) on Tuesday, October 29, 2024. The conference call will be webcast live on the investor relations page of the CBI
The CBIZ Small Business Employment Index reports August job growth, but concerns loom as economic indicators signal potential trouble ahead The CBIZ Small Business Employment Index ("SBEI") reported a seasonally adjusted increase of 0.66% in August as the summer season comes to an end while losses were seen in June and July. The CBIZ SBEI tracks payroll and hiring data for over 2,900 companies that have 300 or fewer employees, providing broad insight into small business trends. The Bureau of Labor Statistics' employment report indicated hiring growth that missed expectations. The August reading showed an overall increase of 142,000 private-sector jobs. The national unemployment rate fell
CBIZ, Inc. (NYSE:CBZ), a leading national provider of financial, insurance and advisory services, announced today that it has named Donna Mirandola as its next Chief Marketing Officer, effective August 26, 2024, following a national search. She replaces Mark Waxman, who retired from the position at the end of 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240807738729/en/CBIZ, Inc. has named Donna Mirandola as its next Chief Marketing Officer. (Photo: Business Wire) Mirandola brings 24 years of diversified B2B marketing and communications experience across technology, industrials and diversified professional services. With
SECOND-QUARTER HIGHLIGHTS: TOTAL REVENUE UP 5.4%; SAME-UNIT REVENUE UP 2.8%GAAP EPS DOWN 26.4%; ADJUSTED EPS DOWN 9.1%; INCLUDES MARCUM ACQUISITION-RELATED EXPENSE OF $6.7MNET INCOME DOWN 26.3%; ADJUSTED EBITDA DOWN 6.9%SIX-MONTH HIGHLIGHTS: TOTAL REVENUE UP 7.2%; SAME-UNIT REVENUE UP 4.4%GAAP EPS DOWN 3.0%; ADJUSTED EPS UP 1.5%; INCLUDES MARCUM ACQUISITION-RELATED EXPENSE OF $6.7MNET INCOME DOWN 3.3%; ADJUSTED EBITDA UP 1.0%CLEVELAND, July 31, 2024 /PRNewswire/ -- CBIZ, Inc., (NYSE:CBZ) ("CBIZ" or the "Company"), a leading provider of financial, insurance and advisory services, today announced results for the second quarter and six months ended June 30, 2024.
UPON CLOSING: CBIZ COMBINED ANNUAL REVENUE WILL BE ~$2.8BWILL SOLIDIFY CBIZ'S POSITION AS LEADING PROVIDER OF PROFESSIONAL ADVISORY SERVICES OF ITS KINDCBIZ WILL BECOME THE SEVENTH-LARGEST ACCOUNTING SERVICES PROVIDER IN THE U.S.CLEVELAND, July 31, 2024 /PRNewswire/ -- CBIZ, Inc. (NYSE:CBZ) ("the Company"), a leading national provider of financial, insurance and advisory services, today announced that it has entered into a definitive agreement to acquire the non-attest business of Marcum, LLP ("Marcum"), which will make CBIZ the seventh-largest accounting services provider in the U.S. with approximately $2.8 billion in annual revenue.
The CBIZ Main Street Index — Summer 2024 reveals the need for skilled workers, a lack of pricing power and marginal pressures as key challenges for SMBs CBIZ, Inc. (NYSE:CBZ), a leading provider of financial, insurance and advisory services, has released the CBIZ Main Street Index — Summer 2024, taking the pulse of and gauging the outlook for small and mid-sized businesses (SMBs). While the Index found a notable sense of confidence for SMBs, labor challenges remain the top concern. About two-thirds (62.4%) say having an adequate number of skilled workers is their biggest concern, up 16% from January 2024. To address workforce issues, nearly half of respondents (44.9%) are enhancing compen
CLEVELAND, July 22, 2024 /PRNewswire/ -- CBIZ, Inc., (NYSE:CBZ) ("the Company") a leading provider of financial, insurance and advisory services, will announce its financial results for the second quarter ended June 30, 2024, before markets open on Wednesday, July 31, 2024. A conference call to discuss the Company's financial results will be hosted by CBIZ President and CEO Jerry Grisko and CFO Ware Grove at 11 a.m. (ET) on Wednesday, July 31, 2024. The conference call will be webcast live on the investor relations page of the CBIZ website at https://cbiz.gcs-web.com/investor-
CBIZ, Inc. (NYSE:CBZ), a leading national provider of financial, insurance and advisory services, announced today that it has named Donna Mirandola as its next Chief Marketing Officer, effective August 26, 2024, following a national search. She replaces Mark Waxman, who retired from the position at the end of 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240807738729/en/CBIZ, Inc. has named Donna Mirandola as its next Chief Marketing Officer. (Photo: Business Wire) Mirandola brings 24 years of diversified B2B marketing and communications experience across technology, industrials and diversified professional services. With
CLEVELAND, March 6, 2024 /PRNewswire/ -- CBIZ, Inc. (NYSE:CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced today it has acquired technology solutions provider, CompuData, Inc. (CompuData), of Philadelphia, PA, effective March 1, 2024. Founded in 1971, CompuData is a premier technology solutions provider for small and midsize organizations. They provide cloud computing, accounting ERP software, managed IT and security to clients with the tools to scale, protect, and streamline their organizations. CompuData is a Sage Diamond Part
CBIZ, Inc. (NYSE:CBZ), a leading national provider of financial, insurance and advisory services, announced today that it has named Jaileah (Leah) Huddleston as the company's new Chief Legal Officer and Corporate Secretary, effective Dec. 11. Huddleston replaces CBIZ's long-time General Counsel and Secretary Mike Gleespen, who retired in Aug. 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231108492372/en/Jaileah Huddleston, Chief Legal Officer, CBIZ (Photo: Business Wire) Huddleston joins CBIZ from Brown-Forman Corporation, a publicly traded Fortune 1000 company based in Louisville, KY, where she served as Vice President,
CLEVELAND, Feb. 9, 2023 /PRNewswire/ -- CBIZ, Inc. (NYSE:CBZ) ("the Company"), a leading national provider of financial, insurance and advisory services, today announced the appointment of Rodney A. Young as independent director to the Company's Board of Directors, effective February 6, 2023. Mr. Young is currently the Chief Executive Officer of Delta Dental of Minnesota, one of the nation's largest oral health insurance companies. Mr. Young has held this role since 2012. Prior to joining Delta Dental of Minnesota, Mr. Young was the Chief Executive Officer and President of Ang
CLEVELAND, Aug. 12, 2021 /PRNewswire/ -- CBIZ, Inc. (NYSE:CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, today announced the appointment of Richard T. Marabito as independent director to the Company's Board of Directors, effective August 12, 2021. The appointment of Mr. Marabito comes as the CBIZ Board of Directors approved the expansion of its membership from 10 to 11 directors. Mr. Marabito will serve as an independent director and sit on the Audit Committee of the Board. Mr. Marabito currently serves as Chief Executive Officer of Olympic Steel, a national metals service center headquartered in Cleveland, Ohio that focuses on the direct sale of
Sidoti upgraded CBIZ from Neutral to Buy and set a new price target of $86.00 from $80.00 previously
Sidoti downgraded CBIZ from Buy to Neutral
Sidoti upgraded CBIZ from Neutral to Buy and set a new price target of $63.00
Sidoti downgraded CBIZ from Buy to Neutral and set a new price target of $58.00
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EXPECTED COMBINED ANNUALIZED REVENUE OF ~$2.8B CLEVELAND, Nov. 1, 2024 /PRNewswire/ -- CBIZ, Inc. (NYSE:CBZ) (the "Company"), a leading national professional services advisor, today announced it has completed the acquisition of the non-attest business of Marcum LLP ("Marcum"), with expected combined annualized revenue of approximately $2.8 billion. The transaction makes CBIZ the largest full-service professional services advisor of its kind in the U.S. providing accounting, tax, advisory, benefits, insurance, and technology services, primarily to middle-market businesses. Conc
THIRD-QUARTER HIGHLIGHTS: TOTAL REVENUE OF $438.9 MILLION, UP 6.9%; SAME-UNIT REVENUE UP 5.1%NET INCOME UP 4.2%; ADJUSTED EBITDA UP 23.0%GAAP EPS UP 4.5%; ADJUSTED EPS UP 27.3%NINE-MONTH HIGHLIGHTS: TOTAL REVENUE OF $1.4 BILLION UP 7.1%; SAME-UNIT REVENUE UP 4.6%NET INCOME DOWN 1.5%; ADJUSTED EBITDA UP 7.0%GAAP EPS DOWN 0.8%; ADJUSTED EPS UP 7.5%CLEVELAND, Oct. 29, 2024 /PRNewswire/ -- CBIZ, Inc., (NYSE:CBZ) ("CBIZ" or the "Company"), a leading provider of financial, insurance and advisory services, today announced results for the third quarter and nine months ended September 30, 2024.
CLEVELAND, Oct. 15, 2024 /PRNewswire/ -- CBIZ, Inc., (NYSE: CBZ) (the "Company") a leading provider of financial, insurance and advisory services, will announce its financial results for the third quarter ended September 30, 2024, before markets open on Tuesday, October 29, 2024. A conference call to discuss the Company's financial results will be hosted by CBIZ President and Chief Executive Officer Jerry Grisko and Chief Financial Officer Ware Grove at 11 a.m. (ET) on Tuesday, October 29, 2024. The conference call will be webcast live on the investor relations page of the CBI
SECOND-QUARTER HIGHLIGHTS: TOTAL REVENUE UP 5.4%; SAME-UNIT REVENUE UP 2.8%GAAP EPS DOWN 26.4%; ADJUSTED EPS DOWN 9.1%; INCLUDES MARCUM ACQUISITION-RELATED EXPENSE OF $6.7MNET INCOME DOWN 26.3%; ADJUSTED EBITDA DOWN 6.9%SIX-MONTH HIGHLIGHTS: TOTAL REVENUE UP 7.2%; SAME-UNIT REVENUE UP 4.4%GAAP EPS DOWN 3.0%; ADJUSTED EPS UP 1.5%; INCLUDES MARCUM ACQUISITION-RELATED EXPENSE OF $6.7MNET INCOME DOWN 3.3%; ADJUSTED EBITDA UP 1.0%CLEVELAND, July 31, 2024 /PRNewswire/ -- CBIZ, Inc., (NYSE:CBZ) ("CBIZ" or the "Company"), a leading provider of financial, insurance and advisory services, today announced results for the second quarter and six months ended June 30, 2024.
UPON CLOSING: CBIZ COMBINED ANNUAL REVENUE WILL BE ~$2.8BWILL SOLIDIFY CBIZ'S POSITION AS LEADING PROVIDER OF PROFESSIONAL ADVISORY SERVICES OF ITS KINDCBIZ WILL BECOME THE SEVENTH-LARGEST ACCOUNTING SERVICES PROVIDER IN THE U.S.CLEVELAND, July 31, 2024 /PRNewswire/ -- CBIZ, Inc. (NYSE:CBZ) ("the Company"), a leading national provider of financial, insurance and advisory services, today announced that it has entered into a definitive agreement to acquire the non-attest business of Marcum, LLP ("Marcum"), which will make CBIZ the seventh-largest accounting services provider in the U.S. with approximately $2.8 billion in annual revenue.
CLEVELAND, July 22, 2024 /PRNewswire/ -- CBIZ, Inc., (NYSE:CBZ) ("the Company") a leading provider of financial, insurance and advisory services, will announce its financial results for the second quarter ended June 30, 2024, before markets open on Wednesday, July 31, 2024. A conference call to discuss the Company's financial results will be hosted by CBIZ President and CEO Jerry Grisko and CFO Ware Grove at 11 a.m. (ET) on Wednesday, July 31, 2024. The conference call will be webcast live on the investor relations page of the CBIZ website at https://cbiz.gcs-web.com/investor-
FIRST-QUARTER HIGHLIGHTS: TOTAL REVENUE UP 8.7%; SAME-UNIT REVENUE UP 5.9%GAAP EPS UP 6.3%; ADJUSTED EPS UP 5.5%NET INCOME UP 5.1%; ADJUSTED EBITDA UP 4.8%CLEVELAND, April 25, 2024 /PRNewswire/ -- CBIZ, Inc., (NYSE:CBZ) ("CBIZ" or the "Company"), a leading provider of financial, insurance and advisory services, today announced results for the first quarter ended March 31, 2024. For the 2024 first quarter, CBIZ recorded revenue of $494.3 million, an increase of $39.7 million, or 8.7%, compared with $454.6 million reported for the same period in 2023. Acquired operations contrib
CLEVELAND, April 11, 2024 /PRNewswire/ -- CBIZ, Inc., (NYSE:CBZ) ("the Company") a leading provider of financial, insurance and advisory services, will announce its financial results for the first quarter ended March 31, 2024, before markets open on Thursday, April 25, 2024. A conference call to discuss the Company's financial results will be hosted by CBIZ President and CEO Jerry Grisko and CFO Ware Grove at 11 a.m. (ET) on Thursday, April 25, 2024. The conference call will be webcast live on the investor relations page of the CBIZ website at https://cbiz.gcs-web.com/investor
FOURTH-QUARTER HIGHLIGHTS: TOTAL REVENUE UP 11.0%; SAME-UNIT REVENUE UP 6.8%FULL-YEAR HIGHLIGHTS: TOTAL REVENUE UP 12.7%; SAME-UNIT REVENUE UP 7.4%GAAP EPS UP 18.9%; ADJUSTED EPS UP 13.1%NET INCOME UP 14.8%; ADJUSTED EBITDA UP 17.7%2024 OUTLOOK: TOTAL REVENUE UP 7% TO 9%GAAP EPS UP 13% TO 15%; or $2.70 TO $2.75ADJUSTED EPS UP 12% TO 14%; or $2.70 TO $2.75CLEVELAND, Feb. 15, 2024 /PRNewswire/ -- CBIZ, Inc., (NYSE:CBZ) ("CBIZ", or the "Company"), a leading provider of financial, insurance and advisory services, today announced fourth-quarter and full-year results for the period ended December 31, 2023.
CLEVELAND, Feb. 7, 2024 /PRNewswire/ -- CBIZ, Inc. (NYSE:CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced today it has acquired tax and accounting service provider, Erickson, Brown & Kloster, LLC (EBK), of Colorado Springs, CO, effective February 1, 2024. Concurrent with this transaction, Mayer Hoffman McCann P.C., a national independent CPA firm that works closely with CBIZ, announced the acquisition of the attest assets of EBK. Founded in 1984, EBK provides tax and accounting services to a diverse mix of businesses including a
CBIZ (NYSE:CBZ) reported quarterly earnings of $1.54 per share which beat the analyst consensus estimate of $1.50 by 2.67 percent. This is a 5.48 percent increase over earnings of $1.46 per share from the same period last year. The company reported quarterly sales of $494.30 million which beat the analyst consensus estimate of $490.88 million by 0.70 percent. This is a 8.73 percent increase over sales of $454.61 million the same period last year.
CBIZ, Inc. (NYSE:CBZ) ("the Company"), a leading provider of financial, insurance and advisory services, announced today it has acquired technology solutions provider, CompuData, Inc. (CompuData), of Philadelphia, PA, effective March 1, 2024.Founded in 1971, CompuData is a premier technology solutions provider for small and midsize organizations. They provide cloud computing, accounting ERP software, managed IT and security to clients with the tools to scale, protect, and streamline their organizations. CompuData is a Sage Diamond Partner and has Microsoft Partner designation in both Azure Cloud and Modern Work. The firm has 60 employees and approximately $20 million in annual revenue.Jerry
CBIZ (NYSE:CBZ) reported quarterly losses of $(0.26) per share which beat the analyst consensus estimate of $(0.27) by 3.7 percent. The company reported quarterly sales of $327.55 million which beat the analyst consensus estimate of $309.02 million by 5.99 percent. This is a 11.02 percent increase over sales of $295.04 million the same period last year.
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CBIZ (NYSE:CBZ) is set to give its latest quarterly earnings report on Thursday, 2024-02-15. Here's what investors need to know before the announcement. Analysts estimate that CBIZ will report an earnings per share (EPS) of $-0.28. CBIZ bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.07, which was followed by a 1.42% drop in the share price the next day. Here's a
Sidoti & Co. analyst Marc Riddick downgrades CBIZ (NYSE:CBZ) from Buy to Neutral and announces $63 price target.
Sidoti & Co. analyst Marc Riddick upgrades CBIZ (NYSE:CBZ) from Neutral to Buy and announces $63 price target.
CBIZ (NYSE:CBZ) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.59 by 11.86 percent. This is a 29.41 percent increase over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $410.54 million which beat the analyst consensus estimate of $395.53 million by 3.79 percent. This is a 13.01 percent increase over sales of $363.26 million the same period last year.