CBIZ, Inc. $CBZ Position Boosted by Royce & Associates LP

Royce & Associates LP grew its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 389.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 659,140 shares of the business services provider’s stock after purchasing an additional 524,438 shares during the period. Royce & Associates LP’s holdings in CBIZ were worth $33,254,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WCM Investment Management LLC acquired a new position in shares of CBIZ in the third quarter worth about $15,011,000. Y Intercept Hong Kong Ltd acquired a new position in shares of CBIZ in the third quarter worth about $3,895,000. Montrusco Bolton Investments Inc. boosted its holdings in shares of CBIZ by 18.6% in the third quarter. Montrusco Bolton Investments Inc. now owns 276,821 shares of the business services provider’s stock worth $14,660,000 after buying an additional 43,431 shares during the period. CenterBook Partners LP acquired a new position in shares of CBIZ in the third quarter worth about $5,212,000. Finally, Sunriver Management LLC acquired a new position in shares of CBIZ in the third quarter worth about $31,605,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

CBIZ Price Performance

NYSE CBZ opened at $32.24 on Tuesday. The company has a 50 day simple moving average of $29.01 and a 200-day simple moving average of $38.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.63 and a quick ratio of 1.63. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 0.60 and a beta of 0.97. CBIZ, Inc. has a 52-week low of $24.29 and a 52-week high of $77.91.

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

Analyst Ratings Changes

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

Insider Activity

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

About CBIZ

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.