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Cbiz Inc - CBZ STOCK NEWS

Welcome to our dedicated page for Cbiz news (Ticker: CBZ), a resource for investors and traders seeking the latest updates and insights on Cbiz stock.

Overview

CBIZ Inc (CBZ) is a premier professional services firm specializing in accounting, tax advisory, and comprehensive financial services. Recognized for its expertise in providing business and employee solutions, CBIZ has established itself as a trusted advisor to middle-market businesses and organizations nationwide. With a strong emphasis on accuracy and client-centric strategies, the company integrates deep industry knowledge with actionable insights to help clients optimize their financial and human capital management.

Core Business Areas

At its core, CBIZ Inc delivers a broad spectrum of professional services that include:

  • Financial Services: Accounting, tax, financial advisory, transaction services, government health care consulting, risk advisory, and valuation services form the backbone of this segment. These services are designed to help clients manage financial operations efficiently while ensuring compliance and strategic growth.
  • Benefits and Insurance Services: As one of the nation’s largest brokers for employee benefits and property & casualty insurance, the company offers customized solutions such as retirement plan consulting, payroll services, life and disability insurance, and human resources consulting. These services empower clients to manage their workforce benefits with precision.
  • National Practices: This practice group aggregates specialized services including real estate consulting, specialized advisory services, and executive recruitment. These offerings are tailored to meet the nuanced needs of various sectors, ensuring comprehensive support for business operations.

Market Position and Competitive Landscape

CBIZ Inc stands out in the competitive landscape by leveraging its diversified service model and extensive geographical presence. With offices spanning multiple states, the company has positioned itself as a vital resource for businesses across sectors such as banking and financial services, commercial real estate, construction, health care, manufacturing, non-profit organizations, education, technology, and life sciences. The firm's unique combination of multifaceted expertise and a high rate of recurring revenue underscores its resilience in a dynamic market environment. Despite operating in a fragmented industry, CBIZ differentiates itself through its integrated approach, providing end-to-end solutions rather than siloed offerings.

Expertise and Industry Insight

The company is noted for its precise analytical approach and deep industry insights. CBIZ’s team of professionals, known for its extensive experience in areas such as risk analytics and financial forecasting, provides clients with robust, data-driven strategies that address both daily operational requirements and long-term strategic needs. This expertise is not limited to traditional financial and accounting services; it extends into employee benefits consulting, government health care advisory, and a diverse array of consulting services aimed at helping clients navigate challenging economic landscapes.

Client-Centric Approach and Operational Excellence

A significant aspect of CBIZ Inc’s identity is its commitment to personalized, client-centric service. The firm employs an approach that is both consultative and collaborative, ensuring that clients receive tailored solutions that align with their unique business needs. This methodical approach enables clients to streamline their operations, mitigate risks, and enhance overall organizational performance. By maintaining high standards of quality and accountability, CBIZ fosters long-lasting relationships built on trust and mutual success.

National Reach and Capabilities

With an expansive network of offices and a presence in diverse geographic regions of the United States, CBIZ Inc is well-equipped to serve clients nationwide. The company’s operational model is designed to address various scales of business requirements—from localized support to national strategic planning. Its robust infrastructure allows it to efficiently manage large-scale projects and adapt to regional market trends without compromising on service quality.

Integration of Services and Strategic Value

By consolidating its service offerings into three distinct yet interrelated practice groups, CBIZ Inc ensures that clients benefit from a holistic suite of services without facing the challenges of dealing with multiple vendors. This integrated service delivery model not only streamlines client operations but also enhances the overall value proposition. Each service area is anchored by industry-leading expertise and operational proficiency, reinforcing the company’s position as a comprehensive advisor in the professional services domain.

Commitment to Expertise and Continuous Improvement

Central to the company’s philosophy is a commitment to continuous improvement and industry leadership. CBIZ Inc invests in ongoing professional development and technological innovation, which enables it to keep pace with evolving market regulations and emerging trends. This forward-thinking approach has allowed the firm to maintain robust operational performance even in complex and volatile market conditions, ensuring that clients benefit from both proven methodologies and innovative solutions.

Conclusion

In summary, CBIZ Inc (CBZ) is an established professional services provider with an extensive portfolio that spans financial and accounting services, risk management, employee benefits, insurance, and strategic advisory. Its integrated approach, profound industry expertise, and nationwide reach make it a comprehensive and trusted partner for middle-market businesses. By consistently delivering high-quality, customized solutions, CBIZ reinforces its reputation as an authoritative and reliable advisor in an ever-evolving business landscape.

Rhea-AI Summary

CBIZ, Inc. (NYSE: CBZ) will announce its Q1 2021 financial results on April 29, 2021, before market open. A conference call hosted by President and CEO Jerry Grisko and CFO Ware Grove will be held at 11:00 a.m. ET on the same day. The call will be available via live webcast on the CBIZ investor relations page, with an archived replay following the call. CBIZ is a leading provider of financial, insurance, and advisory services across the U.S., with over 100 offices in 31 states.

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CBIZ, Inc. (NYSE: CBZ) has appointed Gretchen A. Farrell as Chief Human Resources Officer. She succeeds Terri Bur, who retired in 2020 after 25 years. Farrell comes from Alternate Solutions Health Network and has held leadership roles at The Orvis Company and Lincoln Electric. Under her guidance, CBIZ aims to enhance employee engagement and foster a values-based culture. The HR function supports over 4,800 employees across 100 offices nationwide. The company emphasizes the importance of talent retention to deliver exceptional services to clients.

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The CBIZ Small Business Employment Index (SBEI) reported a seasonally adjusted increase of 0.86% for March, concluding Q1 2021 positively. This growth follows February's hiring progress. Compiling data from over 3,500 small businesses, the SBEI indicated that 26.3% of companies expanded their workforce, while hiring rose notably in the Northeast (1.61%) and West (1.27%). Hiring also grew in Arts and Entertainment and Accommodation and Food Services, despite declines in Mining and Technology sectors. The report highlights resilience in small business hiring amid ongoing pandemic recovery.

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CBIZ, Inc. (NYSE: CBZ) released the Q1 2021 CBIZ Main Street Index, highlighting the ongoing effects of COVID-19 on small and midsize businesses (SMBs) in the U.S. Surveying over 2,480 businesses, it found that 14% faced severe impact, while 61% cited revenue loss as their main concern. Despite these challenges, about 75% expressed optimism, driven by factors like vaccine distribution and adaptability. Notably, 22% reported growth in marketing efforts, indicating some businesses are evolving and reinvesting despite economic uncertainty.

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CBIZ, Inc. (NYSE: CBZ) has revealed the finalists for its inaugural Women Transforming Business Award in celebration of International Women's Day. The award honors female leaders for their transformational impact in financial strength, innovation, or culture. Finalists include leaders from various sectors, such as Danielle David of CRB and Emilia DiMenco of the Women’s Business Development Center. A winner will be announced during a virtual event on April 27, 2021. This initiative reflects CBIZ's commitment to supporting female business leaders and recognizes their significant contributions.

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The CBIZ Small Business Employment Index (SBEI) reported a seasonally adjusted gain of 0.99% for February, indicating a rebound from January’s decline as COVID-19 restrictions ease. The SBEI tracks payroll trends for over 3,400 small businesses. February also saw private-sector jobs rise by 117,000, with small businesses contributing 32,000 of these. The West region led growth at 4.58%, particularly in Accommodation and Food Services. The outlook remains positive as more sectors reopen, with potential for further hiring growth.

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CBIZ, a leading financial and advisory services firm, has promoted Thomas Bonney to National Leader of its Financial Services Advisory Practice. This promotion aims to enhance the company's advisory capabilities as demand grows among clients for comprehensive financial solutions. Bonney, who has over 30 years of experience, will focus on developing a national go-to-market strategy and acquiring strategic consulting practices. This leadership change reflects CBIZ's commitment to evolving its advisory services and addressing complex financial challenges faced by clients.

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CBIZ reported Q4 2020 revenues of $211.1 million, up 3.9% year-over-year, driven by $5.8 million from acquisitions. Same-unit revenue rose 1.1%. For the full year, revenues reached $963.9 million, a 1.6% increase, yet same-unit revenue declined by 0.4%. Income from continuing operations was $78.3 million ($1.42 per diluted share), up 11.8%. CBIZ expects 2021 revenue growth of 5% to 8% and EPS growth of 8% to 12%. The company also repurchased 2.9 million shares in total and maintains a strong financial position with $286 million in unused borrowing capacity.

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The CBIZ Small Business Employment Index (SBEI) reported a seasonally adjusted decline of 1.29% in January 2021, the largest drop since May 2020. This trend reflects challenges faced by small businesses amid pandemic-related restrictions and adverse winter weather. In January, 15.3% of companies expanded their workforce, while 33.3%-4.20%. Despite small businesses adding 51,000 jobs, the overall outlook remains cautious due to ongoing economic pressures.

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CBIZ, Inc. (NYSE: CBZ), a top provider of financial and advisory services, will release its financial results for the fourth quarter and full year ending December 31, 2020, on February 18, 2021, before market opening. A conference call led by President and CEO Jerry Grisko and CFO Ware Grove will occur at 11:00 a.m. ET on the same day to discuss the results. Investors can access the call via the company's investor relations page, and a replay will be available afterward.

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FAQ

What is the current stock price of Cbiz (CBZ)?

The current stock price of Cbiz (CBZ) is $72.2 as of April 4, 2025.

What is the market cap of Cbiz (CBZ)?

The market cap of Cbiz (CBZ) is approximately 4.0B.

What does CBIZ Inc specialize in?

CBIZ Inc specializes in providing a range of professional services, including accounting, tax advisory, financial consulting, benefits consulting, and insurance brokerage. Its integrated service model addresses the comprehensive needs of middle-market clients.

Which industries does CBIZ serve?

The company serves diverse industries such as banking, health care, real estate, construction, manufacturing, technology, and public sector organizations, ensuring tailored solutions for each sector.

How is CBIZ’s business model structured?

CBIZ operates through three principal practice groups: Financial Services, Benefits and Insurance Services, and National Practices. This structure allows it to offer end-to-end solutions that combine financial, advisory, and risk management services.

What geographic regions does CBIZ cover?

CBIZ primarily operates within the United States, leveraging a broad network of offices across numerous states to provide localized support alongside national strategic planning.

How does CBIZ generate its revenue?

The company generates revenue through a fee-for-service model that spans multiple disciplines, including consulting, advisory services, and insurance brokerage, ensuring a balanced mix of recurring and project-based income.

What differentiates CBIZ from competitors?

CBIZ stands out due to its integrated suite of services, deep industry expertise, and national footprint, which together provide clients with a holistic, one-stop solution for financial, tax, and employee benefits consulting.

How does CBIZ approach client engagement?

The firm takes a client-centric approach, tailoring its services to meet the unique challenges and objectives of each client through personalized strategies and collaborative implementation.

Does CBIZ offer employee benefits services?

Yes, CBIZ is one of the largest brokers in employee benefits and property & casualty insurance. The company offers a full suite of services designed to optimize workforce benefits and overall human capital management.
Cbiz Inc

NYSE:CBZ

CBZ Rankings

CBZ Stock Data

3.97B
51.11M
4.89%
86.44%
2.72%
Specialty Business Services
Services-business Services, Nec
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United States
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