Summit Creek Advisors LLC Sells 20,105 Shares of CBIZ, Inc. $CBZ

Summit Creek Advisors LLC trimmed its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 264,180 shares of the business services provider’s stock after selling 20,105 shares during the quarter. CBIZ accounts for approximately 2.1% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Summit Creek Advisors LLC owned approximately 0.49% of CBIZ worth $13,328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CBZ. Durable Capital Partners LP bought a new stake in shares of CBIZ during the third quarter worth $207,872,000. SG Americas Securities LLC bought a new stake in shares of CBIZ during the fourth quarter worth $35,653,000. Sunriver Management LLC bought a new stake in shares of CBIZ during the third quarter worth $31,605,000. Citadel Advisors LLC lifted its position in shares of CBIZ by 253.6% during the third quarter. Citadel Advisors LLC now owns 623,060 shares of the business services provider’s stock worth $32,997,000 after purchasing an additional 446,876 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of CBIZ by 61.7% during the third quarter. Handelsbanken Fonder AB now owns 747,000 shares of the business services provider’s stock worth $39,561,000 after purchasing an additional 285,000 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CBIZ

In other CBIZ news, CFO Brad S. Lakhia purchased 12,775 shares of the stock in a transaction dated Friday, March 13th. The stock was purchased at an average price of $25.97 per share, with a total value of $331,766.75. Following the transaction, the chief financial officer owned 148,480 shares of the company’s stock, valued at approximately $3,856,025.60. This trade represents a 9.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.10% of the company’s stock.

CBIZ Price Performance

Shares of CBZ opened at $31.66 on Thursday. The company has a 50 day moving average price of $28.64 and a 200-day moving average price of $39.24. CBIZ, Inc. has a fifty-two week low of $24.29 and a fifty-two week high of $77.91. The stock has a market capitalization of $1.70 billion, a PE ratio of 12.71, a PEG ratio of 0.57 and a beta of 0.97. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.63 and a current ratio of 1.63.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CBZ shares. Stephens set a $37.00 target price on CBIZ in a research report on Friday, May 1st. Zacks Research upgraded CBIZ from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $42.00 target price on shares of CBIZ in a research report on Thursday, April 30th. Weiss Ratings upgraded CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, BMO Capital Markets began coverage on shares of CBIZ in a report on Monday, March 30th. They set an “outperform” rating and a $33.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, CBIZ currently has a consensus rating of “Hold” and an average price target of $37.33.

CBIZ 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.