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CBIZ ACQUIRES COMPUDATA, INC.
Prnewswire· 2024-03-06 21:05
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, prote ...
Navigating the AI Frontier: Clues From Private Markets
Zacks Investment Research· 2024-03-06 18:31
The AI Revolution vs. The Internet BoomMany similarities exist between the internet boom of the late 1990s and the AI revolution that is taking place today, including blistering growth, soaring stock prices, and lots of hype. However, significant differences exist as well. For example, Wall Street and the biggest AI winners thus far are already proven companies with massive cash hoards and well-established businesses like Microsoft ((MSFT) and Alphabet ((GOOGL) ).  At the same time, the AI buildout has buoy ...
Here is Why Growth Investors Should Buy CBIZ (CBZ) Now
Zacks Investment Research· 2024-03-04 18:46
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, it's pretty easy to find cutting-edge growth stocks with the he ...
3 Stocks to Buy From the Booming Consulting Services Industry
Zacks Investment Research· 2024-02-26 16:16
Economic strength, encouraging service activities, increased adoption and the success of the work-from-home trend are enabling the Zacks Consulting Services industry players to support the demand environment.Driven by these positives, investors interested in the industry would do well to keep stocks like Stantec Inc. (STN) , FTI Consulting, Inc. (FCN) and CBIZ, Inc. (CBZ) in their portfolio.About the Industry Companies grouped under the Consulting Services category offer professional advice in management, I ...
CBIZ(CBZ) - 2023 Q4 - Annual Report
2024-02-22 16:00
In connection with payroll services provided to clients, we collect funds from our clients' accounts in advance of paying these client obligations. These funds held for clients are segregated and invested in accordance with our investment policy, which requires that all investments carry an investment grade rating at the time of initial investment. The interest income on these investments mitigates the interest rate risk for the borrowing costs of the 2022 credit facility, as the rates on both the investmen ...
Small and Mid-Sized Businesses Report Rise in Economic Confidence as Interest Rate Concerns Decline
Businesswire· 2024-02-20 13:30
CLEVELAND--(BUSINESS WIRE)--CBIZ, Inc. (NYSE: CBZ), a leading provider of financial, insurance and advisory services, has released the results of its Q1 2024 Main Street Index, taking the pulse of and gauging the outlook for small and mid-sized businesses (SMBs). Companies reported a notable positive shift in economic sentiment, with only 33% reporting concerns about interest rates affecting their bottom line, compared to 61% in the third quarter of 2023. Still, more than four in 10 businesses (44%) have so ...
CBIZ(CBZ) - 2023 Q4 - Earnings Call Transcript
2024-02-15 18:57
So, wondering if you could share a little bit of your views as to some of the -- if there's much in the way of differentiation of client behavior and demand drivers and in particular, whether that's an industry vertical type thing or a regional mix. And also, I was wondering if you could talk a little bit about the thoughts around sort of the project-based work. I mean, you touched on it in prepared remarks around some of the advisory, but maybe sort of give a little bit of color as to sort of maybe what fo ...
CBIZ(CBZ) - 2023 Q4 - Earnings Call Presentation
2024-02-15 17:48
ACCOUNTING | INSURANCE | ADVISORY Fourth Quarter & Full Year 2023 Investor Presentation February 15, 2024 CBIZ.COM | NYSE: CBZ Forward-Looking Statements & Non-GAAP Measures Forward-looking statements in this presentation are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties in ...
CBIZ REPORTS FOURTH-QUARTER AND FULL-YEAR 2023 RESULTS
Prnewswire· 2024-02-15 11:30
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 $2.75 ADJUSTED EPS UP 12% TO 14%; or $2.70 TO $2.75 CLEVELAND, Feb. 15, 2024 /PRNewswire/ -- CBIZ, Inc., (NYSE: CBZ) ("CBIZ", or the "Company"), a leading provider of financial, insurance and ad ...
CBIZ TO ANNOUNCE FOURTH-QUARTER AND FULL-YEAR 2023 RESULTS ON FEBRUARY 15, 2024
Prnewswire· 2024-01-31 15:38
CLEVELAND , Jan. 31, 2024 /PRNewswire/ -- CBIZ, Inc., (NYSE: CBZ) ("the Company") a leading provider of financial, insurance and advisory services, will announce its financial results for the fourth quarter and full year ended December 31, 2023, before markets open on Thursday, February 15, 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, February 15, 2024. The conference call will be webc ...