CBIZ, Inc. $CBZ Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 40.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,887 shares of the business services provider’s stock after selling 19,514 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.05% of CBIZ worth $776,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of CBIZ by 377.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider’s stock valued at $30,000 after buying an additional 442 shares in the last quarter. Strategic Wealth Investment Group LLC purchased a new position in CBIZ in the second quarter worth $37,000. Danske Bank A S acquired a new stake in CBIZ in the third quarter valued at $42,000. Torren Management LLC acquired a new stake in CBIZ in the fourth quarter valued at $48,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of CBIZ by 165.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock worth $52,000 after purchasing an additional 450 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $42.00 price target on shares of CBIZ in a report on Thursday, April 30th. Barrington Research initiated coverage on shares of CBIZ in a research report on Wednesday, June 24th. They set an “outperform” rating and a $45.00 target price on the stock. Zacks Research raised shares of CBIZ from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. BMO Capital Markets began coverage on shares of CBIZ in a research report on Monday, March 30th. They set an “outperform” rating and a $33.00 price target for the company. Finally, Weiss Ratings raised CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.25.

CBIZ Trading Up 6.6%

Shares of CBZ stock opened at $42.99 on Friday. The stock has a market cap of $2.31 billion, a P/E ratio of 17.26, a P/E/G ratio of 0.85 and a beta of 0.99. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.77. CBIZ, Inc. has a fifty-two week low of $24.29 and a fifty-two week high of $77.91. The business has a fifty day simple moving average of $33.34 and a 200-day simple moving average of $34.10.

CBIZ (NYSE:CBZ) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $2.50 EPS for the quarter, topping the consensus estimate of $2.28 by $0.22. The business had revenue of $848.58 million for 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 business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.33 EPS. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. On average, analysts forecast that CBIZ, Inc. will post 4.07 earnings per share for the current fiscal year.

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.