CBIZ, Inc. $CBZ Shares Acquired by Royce & Associates LP

Royce & Associates LP increased its position in CBIZ, Inc. (NYSE:CBZ) by 389.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 659,140 shares of the business services provider’s stock after acquiring an additional 524,438 shares during the period. Royce & Associates LP owned approximately 1.21% of CBIZ worth $33,254,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CBZ. Caitong International Asset Management Co. Ltd increased its holdings in shares of CBIZ by 377.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider’s stock worth $30,000 after acquiring an additional 442 shares during the period. Strategic Wealth Investment Group LLC acquired a new stake in shares of CBIZ in the 2nd quarter worth about $37,000. Danske Bank A S acquired a new stake in shares of CBIZ in the 3rd quarter worth about $42,000. Torren Management LLC acquired a new stake in shares of CBIZ in the 4th quarter worth about $48,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of CBIZ by 165.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock worth $52,000 after acquiring an additional 450 shares during the period. Institutional investors and hedge funds own 87.44% of the company’s stock.

Insider Buying and Selling at CBIZ

In other CBIZ news, CFO Brad S. Lakhia acquired 12,775 shares of CBIZ stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $25.97 per share, for a total transaction of $331,766.75. Following the transaction, the chief financial officer owned 148,480 shares in the company, valued at approximately $3,856,025.60. This trade represents a 9.41% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.10% of the company’s stock.

CBIZ Stock Performance

Shares of CBZ opened at $32.24 on Tuesday. The firm has a 50-day moving average price of $29.01 and a 200 day moving average price of $38.76. The firm has a market capitalization of $1.73 billion, a PE ratio of 12.95, a P/E/G ratio of 0.60 and a beta of 0.97. 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 52-week low of $24.29 and a 52-week high of $77.91.

CBIZ (NYSE:CBZ) last announced its 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 firm 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%. CBIZ’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.33 EPS. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. On average, sell-side analysts anticipate that CBIZ, Inc. will post 4.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.