CBIZ, Inc. $CBZ Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its holdings in CBIZ, Inc. (NYSE:CBZ) by 1.0% in the fourth quarter, HoldingsChannel reports. The firm owned 4,837,727 shares of the business services provider’s stock after selling 50,796 shares during the period. Vanguard Group Inc. owned about 0.09% of CBIZ worth $244,063,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Durable Capital Partners LP purchased a new position in CBIZ in the third quarter valued at about $207,872,000. State Street Corp boosted its holdings in CBIZ by 4.6% in the second quarter. State Street Corp now owns 1,210,801 shares of the business services provider’s stock valued at $86,827,000 after purchasing an additional 53,099 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in CBIZ by 18.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 977,046 shares of the business services provider’s stock valued at $49,634,000 after purchasing an additional 155,563 shares during the last quarter. Northern Trust Corp boosted its holdings in CBIZ by 4.1% in the third quarter. Northern Trust Corp now owns 933,816 shares of the business services provider’s stock valued at $49,455,000 after purchasing an additional 36,420 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in CBIZ by 61.7% in the third quarter. Handelsbanken Fonder AB now owns 747,000 shares of the business services provider’s stock valued at $39,561,000 after purchasing an additional 285,000 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Insider Buying and Selling

In other CBIZ news, CFO Brad S. Lakhia bought 12,775 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of $25.97 per share, for a total transaction of $331,766.75. Following the transaction, the chief financial officer directly owned 148,480 shares in the company, valued at $3,856,025.60. The trade was a 9.41% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.10% of the stock is currently owned by corporate insiders.

CBIZ Stock Down 2.4%

Shares of CBIZ stock opened at $30.90 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.77. The business’s 50 day simple moving average is $28.45 and its 200-day simple moving average is $40.68. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 0.59 and a beta of 0.97. CBIZ, Inc. has a twelve month low of $24.29 and a twelve month high of $77.91.

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 analysts’ consensus estimates of $2.28 by $0.22. The business had revenue of $848.58 million for the quarter, compared to analysts’ expectations of $853.46 million. CBIZ had a return on equity of 12.62% and a net margin of 5.57%.The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.33 EPS. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. Equities research analysts forecast that CBIZ, Inc. will post 4.07 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Zacks Research raised CBIZ from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. BMO Capital Markets assumed coverage on CBIZ in a report on Monday, March 30th. They set an “outperform” rating and a $33.00 target price on the stock. Stephens set a $37.00 target price on CBIZ in a report on Friday, May 1st. Weiss Ratings raised CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $42.00 target price on shares of CBIZ in a report on Thursday, April 30th. One investment 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. Based on data from MarketBeat, the stock presently 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.