Sunriver Management LLC Lowers Holdings in CBIZ, Inc. $CBZ

Sunriver Management LLC trimmed its position in CBIZ, Inc. (NYSE:CBZ) by 2.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 968,631 shares of the business services provider’s stock after selling 20,718 shares during the period. CBIZ accounts for 4.4% of Sunriver Management LLC’s investment portfolio, making the stock its 12th biggest position. Sunriver Management LLC’s holdings in CBIZ were worth $26,008,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CBZ. Balyasny Asset Management L.P. increased its holdings in shares of CBIZ by 4.9% in the second quarter. Balyasny Asset Management L.P. now owns 4,969 shares of the business services provider’s stock worth $356,000 after purchasing an additional 230 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of CBIZ by 0.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,529 shares of the business services provider’s stock worth $2,117,000 after acquiring an additional 235 shares during the last quarter. Chatham Capital Group Inc. lifted its stake in CBIZ by 0.5% during the fourth quarter. Chatham Capital Group Inc. now owns 50,877 shares of the business services provider’s stock worth $2,567,000 after purchasing an additional 250 shares during the last quarter. Corient Private Wealth LLC boosted its stake in CBIZ by 4.4% in the second quarter. Corient Private Wealth LLC now owns 9,747 shares of the business services provider’s stock worth $694,000 after buying an additional 408 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of CBIZ by 10.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,540 shares of the business services provider’s stock valued at $122,000 after purchasing an additional 430 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

CBIZ Stock Performance

Shares of NYSE:CBZ opened at $42.64 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average price of $34.77 and a 200-day moving average price of $33.80. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 0.85 and a beta of 0.99. CBIZ, Inc. has a 12 month low of $24.29 and a 12 month high of $77.91.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.22. The company had revenue of $848.58 million for the quarter, compared to the consensus estimate of $853.46 million. CBIZ had a return on equity of 12.62% and a net margin of 5.57%.CBIZ’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.33 EPS. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. As a group, equities analysts anticipate that CBIZ, Inc. will post 4.07 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CBZ shares. Zacks Research raised CBIZ from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Weiss Ratings upgraded CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Barrington Research started coverage on CBIZ in a research note on Wednesday, June 24th. They issued an “outperform” rating and a $45.00 price target on the stock. BMO Capital Markets started coverage on CBIZ in a research report on Monday, March 30th. They issued an “outperform” rating and a $33.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $42.00 price objective on shares of CBIZ in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, CBIZ currently has a consensus rating of “Moderate Buy” and an average target price of $39.25.

CBIZ Company Profile

CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.