Brad Lakhia Buys 12,775 Shares of CBIZ (NYSE:CBZ) Stock

CBIZ, Inc. (NYSE:CBZ) CFO Brad Lakhia acquired 12,775 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $25.97 per share, with a total value of $331,766.75. Following the acquisition, the chief financial officer owned 148,480 shares in the company, valued at $3,856,025.60. The trade was a 9.41% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

CBIZ Price Performance

NYSE:CBZ opened at $26.47 on Thursday. The stock has a market capitalization of $1.46 billion, a PE ratio of 14.96, a P/E/G ratio of 0.50 and a beta of 0.94. CBIZ, Inc. has a 1-year low of $25.44 and a 1-year high of $80.65. The firm has a fifty day simple moving average of $35.60 and a 200 day simple moving average of $47.17. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.79.

CBIZ (NYSE:CBZ) last posted its quarterly earnings results on Wednesday, February 25th. The business services provider reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.66) by ($0.04). The firm had revenue of $542.66 million for the quarter, compared to the consensus estimate of $578.02 million. CBIZ had a return on equity of 12.23% and a net margin of 4.19%.The business’s revenue was up 17.9% compared to the same quarter last year. During the same period last year, the company posted ($0.20) earnings per share. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. On average, research analysts expect that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Institutional Trading of CBIZ

A number of hedge funds have recently modified their holdings of CBZ. Durable Capital Partners LP acquired a new position in CBIZ in the 3rd quarter valued at about $207,872,000. 22C Capital LLC acquired a new stake in CBIZ during the fourth quarter worth approximately $161,554,000. Bank of Montreal Can acquired a new stake in CBIZ during the fourth quarter worth approximately $113,596,000. SG Americas Securities LLC bought a new stake in shares of CBIZ during the fourth quarter worth approximately $35,653,000. Finally, Sunriver Management LLC acquired a new position in shares of CBIZ in the third quarter valued at approximately $31,605,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CBZ has been the subject of several recent analyst reports. Zacks Research downgraded shares of CBIZ from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Deutsche Bank Aktiengesellschaft assumed coverage on CBIZ in a research note on Monday, January 12th. They issued a “hold” rating and a $60.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CBIZ in a research report on Wednesday, January 21st. Finally, CJS Securities upgraded CBIZ to a “strong-buy” rating in a research note on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $60.00.

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.