Mawer Investment Management Ltd. Sells 30,731 Shares of CBIZ, Inc. $CBZ

Mawer Investment Management Ltd. cut its stake in CBIZ, Inc. (NYSE:CBZ) by 24.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 97,223 shares of the business services provider’s stock after selling 30,731 shares during the period. Mawer Investment Management Ltd.’s holdings in CBIZ were worth $4,905,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its stake in CBIZ by 377.8% during the third 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 in the last quarter. Strategic Wealth Investment Group LLC bought a new stake in shares of CBIZ in the 2nd quarter worth about $37,000. Danske Bank A S bought 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 during the 4th quarter worth about $48,000. Finally, EverSource Wealth Advisors LLC increased 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 currently owned by institutional investors.

Insider Transactions at CBIZ

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

CBIZ Stock Performance

Shares of CBIZ stock opened at $34.61 on Tuesday. 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 50 day simple moving average of $29.65 and a 200 day simple moving average of $38.04. CBIZ, Inc. has a fifty-two week low of $24.29 and a fifty-two week high of $77.91. The firm has a market cap of $1.86 billion, a P/E ratio of 13.90, a P/E/G ratio of 0.62 and a beta of 0.99.

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

Analysts Set New Price Targets

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

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.