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Cbiz (CBZ)

CBIZ, Inc. is a leading provider of financial, insurance and advisory services to businesses throughout the United States. Financial services include accounting, tax, transaction advisory, risk advisory, valuation services and government health care consulting. Insurance services include employee benefits consulting, retirement plan consulting, property and casualty insurance, payroll, and human capital consulting. With more than 100 Company offices in 31 states, CBIZ is one of the largest accounting and insurance brokerage providers in the U.S.

Company profile

Ticker
CBZ
Exchange
Website
CEO
Jerome Grisko
Employees
Incorporated
Location
Fiscal year end
Former names
CENTURY BUSINESS SERVICES INC, INTERNATIONAL ALLIANCE SERVICES INC, REPUBLIC ENVIRONMENTAL SYSTEMS INC
SEC CIK
Subsidiaries
Associated Insurance Agents, Inc. • CBIZ Accounting, Tax & Advisory of Atlanta, LLC • CBIZ Accounting, Tax & Advisory of Chicago, LLC • CBIZ Accounting, Tax & Advisory of Colorado, LLC • CBIZ Accounting, Tax & Advisory of Kansas City, LLC • CBIZ Accounting, Tax & Advisory of Maryland, LLC • CBIZ Accounting, Tax & Advisory of Memphis, LLC • CBIZ Accounting, Tax & Advisory of Minnesota, LLC • CBIZ Accounting, Tax & Advisory of New England, LLC • CBIZ Accounting, Tax & Advisory of New York, LLC ...
IRS number
222769024

CBZ stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

29 Jul 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 180.88M 180.88M 180.88M 180.88M 180.88M 180.88M
Cash burn (monthly) 2.54M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 3.69M n/a n/a n/a n/a n/a
Cash remaining 177.19M n/a n/a n/a n/a n/a
Runway (months of cash) 69.8 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 Aug 22 Chris Spurio Common Stock Sell Dispose S No No 45.2539 13,222 598.35K 163,587.538
10 Aug 22 Chris Spurio Common Stock Option exercise Acquire M No No 15.55 13,222 205.6K 176,809.538
10 Aug 22 Chris Spurio Employee Stock Option Common Stock Option exercise Dispose M No No 15.55 13,222 205.6K 0
8 Aug 22 Jerome P Grisko Common Stock Payment of exercise Dispose F No No 43.8433 9,435 413.66K 64,564.337
8 Aug 22 Jerome P Grisko Common Stock Option exercise Acquire M No No 15.55 14,407 224.03K 73,999.337
8 Aug 22 Jerome P Grisko Employee Stock Option Common Stock Option exercise Dispose M No No 15.55 14,407 224.03K 90,000
5 Aug 22 Jerome P Grisko Common Stock Payment of exercise Dispose F No No 43.9634 13,948 613.2K 59,592.337
5 Aug 22 Jerome P Grisko Common Stock Option exercise Acquire M No No 15.55 21,333 331.73K 73,540.337
5 Aug 22 Jerome P Grisko Employee Stock Option Common Stock Option exercise Dispose M No No 15.55 21,333 331.73K 104,407
4 Aug 22 Burdick Rick L Common Stock Gift Dispose G No No 0 2,000 0 174,808
11.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 171 168 +1.8%
Opened positions 21 27 -22.2%
Closed positions 18 18
Increased positions 37 47 -21.3%
Reduced positions 89 66 +34.8%
13F shares Current Prev Q Change
Total value 1.96B 1.82B +7.8%
Total shares 46.65M 46.42M +0.5%
Total puts 19.5K 8.4K +132.1%
Total calls 0 4.1K EXIT
Total put/call ratio Infinity 2.0 +Infinity%
Largest owners Shares Value Change
Dimensional Fund Advisors 3.68M $154.58M -2.3%
P2 Capital Partners 3.49M $146.31M 0.0%
BLK Blackrock 3.39M $142.26M -0.9%
Allspring Global Investments 2.94M $123.27M +1.9%
Eaton Vance Management 2.92M $122.72M +14.3%
Vanguard 2.55M $107.11M +0.9%
FIL 1.92M $80.66M -0.0%
Burgundy Asset Management 1.91M $79.95M +1.3%
Victory Capital Management 1.63M $68.25M +76.1%
SAMG Silvercrest Asset Management 1.5M $62.91M -12.0%
Largest transactions Shares Bought/sold Change
GS Goldman Sachs 1.24M +941.08K +317.5%
Victory Capital Management 1.63M +702.86K +76.1%
Norges Bank 0 -530.41K EXIT
BloombergSen 484.51K +484.51K NEW
Eaton Vance Management 2.92M +364.89K +14.3%
Wellington Management 968.44K -325.11K -25.1%
Paradice Investment Management 1.03M -320.43K -23.7%
Cardinal Capital Management 1.45M -214.79K -12.9%
SAMG Silvercrest Asset Management 1.5M -204.67K -12.0%
First Manhattan 470.7K -126.16K -21.1%

Financial report summary

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Management Discussion
  • The Financial Services practice group revenue for the three months ended June 30, 2022 grew by 39.0% to $259.3 million from $186.6 million during the same period in 2021. Same-unit revenue grew by $20.7 million, or 11.1%, across all service lines, primarily driven by those units that provide traditional accounting and tax-related services, which increased $11.5 million, those units that provide project-oriented advisory services, which increased by $4.5 million, and an increase of $4.3 million in government healthcare compliance business. The impact of acquired
  • businesses contributed $52.1 million, or 20.1% of 2022 revenue, of which Marks Paneth contributed $37.6 million, or 14.5% of 2022 revenue.
  • We provide a range of services to affiliated CPA firms under joint referral and administrative service agreements (“ASAs”). Fees earned under the ASAs are recorded as revenue in the accompanying Condensed Consolidated Statements of Comprehensive Income and were approximately $61.0 million and $45.2 million for the three months ended June 30, 2022 and 2021, respectively.

Content analysis

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H.S. sophomore Avg
New words: accordion, accrual, agent, audit, Berntson, certified, customary, cybersecurity, defined, disaster, discretion, dispose, Enterprise, event, feature, fee, Fortune, immaterial, merge, multiple, Oklahoma, portion, provision, reduced, reduction, restated, size, slightly, SOFR, Stinnett, swing, Tulsa, unaffiliated, unamortized, unused, upsizing, variety, Women
Removed: evaluating, parent, permitted, relief, wholly