A Brief History of CBIZ, Inc. (CBZ)

Founding and Early Years

CBIZ, Inc. was founded in 1996 in Cleveland, Ohio. The company started as a provider of professional services, primarily focused on accounting and business consulting.

Initial Public Offering

In 1997, CBIZ went public, offering shares at an initial price of $10.00. The company’s growth trajectory began to accelerate during this period, bolstered by acquisitions and expansions into new markets.

Acquisitions and Expansion

Throughout the late 1990s and early 2000s, CBIZ expanded significantly through acquisitions. Key acquisitions included:

• 1998: Acquired the assets of the health insurance brokerage firm, which contributed to the establishment of its employee benefits division.
• 2000: Merged with American Benefits, enhancing CBIZ's capabilities in employee benefits consulting.
• 2002: Acquired the accounting firm Steinberg Advisors, expanding its footprint in the accounting sector.

Financial Performance

As of 2021, CBIZ reported revenues of approximately $1.074 billion, reflecting a compound annual growth rate (CAGR) of 9.2% since 2016.

Net income for the fiscal year 2021 was approximately $64 million, compared to $46 million in 2020, an increase of 39%.

Recent Developments

In 2022, CBIZ was recognized as one of the best places to work by various organizations, further enhancing its reputation within the industry.

As of October 2023, CBIZ continues to evolve, focusing on technology-driven services and expanding its service lines to include wealth management and risk advisory services.

Market Position

CBIZ operates in a competitive landscape, positioning itself among other firms such as:

• Marcum LLP
• BDO USA, LLP
• Grant Thornton LLP

As of 2023, CBIZ ranks among the top 10 accounting firms in the U.S. based on revenue.

Stock Performance

CBIZ is traded on the New York Stock Exchange (NYSE) under the ticker symbol CBZ. As of October 2023, its stock price was approximately $37.50, with a market capitalization nearing $1.4 billion.

Employee Growth

CBIZ has seen a substantial increase in its employee base, growing from 2,000 employees in 2016 to around 4,500 employees in 2023.

Corporate Social Responsibility

CBIZ is actively involved in community initiatives, focusing on health and wellness programs, environmental sustainability, and educational outreach.

A Who Owns CBIZ, Inc. (CBZ)

Ownership Structure

CBIZ, Inc. (CBZ) is publicly traded on the New York Stock Exchange. As of the latest available data, the ownership of CBIZ is divided among institutional investors, individual shareholders, and company executives.

Institutional Investors

Institutional investors hold a significant portion of CBIZ shares. The following table outlines the major institutional shareholders along with their respective ownership percentages:

Insider Ownership

Company executives and board members also possess shares in CBIZ. Here is the breakdown of insider ownership:

Recent Market Performance

As of the last market close, CBIZ's stock price was noticed at $28.50. The company has shown a year-to-date performance of approximately 18% increase, reflecting strong investor confidence. The market capitalization of CBIZ stands at around $1.8 billion.

Dividends and Financials

CBIZ has a consistent history of paying dividends. The latest dividend declared was $0.10 per share, a reflection of the company's strong financial health. The following financial metrics highlight the company's performance:

Shareholder Composition

The overall composition of CBIZ shareholders is categorized as follows:

• Institutional Investors: 65%
• Insiders: 10%
• Retail Investors: 25%

CBIZ, Inc. (CBZ) Mission Statement

Overview of CBIZ, Inc.

CBIZ, Inc. is a publicly traded company (Ticker: CBZ) specializing in providing professional services, primarily in accounting, tax, and advisory sectors. The company operates extensively in the United States and serves a diverse clientele, including small businesses, mid-market companies, and larger enterprises.

Core Values and Vision

CBIZ’s mission statement reflects its commitment to delivering high-quality services, ensuring integrity, and fostering client success. The core values include:

• Integrity: Upholding ethical standards in all business practices.
• Client Focus: Prioritizing client needs and delivering tailored solutions.
• Excellence: Striving for excellence in service delivery and operational efficiency.
• Innovation: Encouraging innovative practices to enhance service offerings.

Financial Performance

As of the most recent financial reporting period, CBIZ, Inc. has demonstrated strong financial metrics:

Strategic Goals

CBIZ’s strategic goals include expanding its service offerings and geographic reach. The company focuses on:

• Organic Growth: Enhancing existing services to increase client retention and satisfaction.
• Acquisition Strategy: Targeting acquisitions that complement its service lines and market presence.
• Technology Integration: Investing in technological innovations to streamline operations and improve service delivery.

Client Segmentation

CBIZ serves a varied client base categorized into several segments:

Employee Engagement and Culture

CBIZ emphasizes a strong corporate culture, aiming to foster employee engagement and professional development:

• Training Programs: Implementing ongoing training and development for employees.
• Diversity and Inclusion: Promoting an inclusive workplace environment that values diversity.
• Employee Satisfaction: Recent surveys indicate a satisfaction rate of 84% among employees.

Market Position

CBIZ holds a prominent position in the professional services industry, which can be reflected in its market share:

Conclusion of Key Points

The mission statement of CBIZ, Inc. embodies its commitment to integrity and client-centric approaches, supported by robust financial performance, employee engagement initiatives, and a strong strategic focus on growth and innovation.

How CBIZ, Inc. (CBZ) Works

Overview of CBIZ, Inc.

CBIZ, Inc. (CBZ) is a national provider of financial, insurance, and advisory services. The company operates through various segments, primarily focusing on the following:

• Accounting Services
• Employee Benefits
• Insurance Services
• Retirement Plan Services
• Cloud and IT Services

Financial Performance

As of the third quarter of 2023, CBIZ reported the following financial metrics:

Service Offerings

CBIZ provides a diverse range of services aimed at aiding small to mid-sized businesses:

• Outsourced accounting services, including bookkeeping and payroll management.
• Employee benefits consulting and administration, focusing on health insurance and retirement plans.
• Insurance brokerage services covering property, casualty, and various risk management solutions.
• Technology solutions, including IT consulting and cloud services.

Market Presence

CBIZ has a broad geographical reach, with over 100 offices across the United States. Key statistics regarding market presence include:

Client Segmentation

CBIZ services a variety of industries. The client segmentation includes:

• Healthcare
• Construction
• Manufacturing
• Real Estate
• Retail

Recent Developments

In Q3 2023, CBIZ made headlines with notable achievements:

• An acquisition of a regional benefits brokerage firm, expanding their employee services.
• Launch of a new cloud-based HR management platform.
• Introduction of a wellness program targeting improved employee retention for clients.

Stock Performance

CBIZ's stock performance reflects its financial health:

Strategic Initiatives

CBIZ continually focuses on growth and expansion through several strategic initiatives:

• Enhancing digital platforms for better client engagement.
• Investing in marketing to increase brand visibility.
• Expanding service offerings to cover emerging business needs.

How CBIZ, Inc. (CBZ) Makes Money

Service Segments

CBIZ, Inc. operates through various service segments, primarily categorized into Financial Services and Professional Services. As of 2022, the revenue breakdown is as follows:

Financial Services

In the Financial Services segment, CBIZ offers services such as:

• Tax services
• Accounting and auditing
• Consulting services
• Benefits and insurance

The Tax services alone generated approximately $205 million in 2022, reflecting a strong demand in this area.

Professional Services

The Professional Services segment includes:

• Human resources
• Payroll services
• Employee benefits
• Risk management

In 2022, the Payroll services contributed around $175 million to the total revenue of this segment.

Growth and Expansion

CBIZ has pursued both organic growth and strategic acquisitions. Over the past five years, the company has acquired over 20 companies at an annual growth rate of approximately 8%.

Financial Performance

For the year ended December 31, 2022, CBIZ reported:

Client Base

CBIZ serves approximately 100,000 clients, ranging from small businesses to large corporations, across various industries. The company’s diversified client base enhances its revenue stability.

Market Position

As of 2023, CBIZ ranks among the top 10 largest providers of accounting and professional services in the United States, contributing to its robust market position.

Summary of Revenue Streams

In summary, CBIZ's primary revenue streams arise from:

• Tax and accounting services
• Human resources and payroll
• Insurance and benefits management
• Consulting services

The diversification of services positions CBIZ favorably to adapt to market changes and client needs.