GatePass Capital LLC Buys Shares of 98,163 CBIZ, Inc. $CBZ

GatePass Capital LLC purchased a new position in shares of CBIZ, Inc. (NYSE:CBZ) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 98,163 shares of the business services provider’s stock, valued at approximately $2,636,000. CBIZ accounts for about 1.2% of GatePass Capital LLC’s portfolio, making the stock its 17th biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of CBZ. Durable Capital Partners LP bought a new stake in shares of CBIZ during the third quarter valued at about $207,872,000. 22C Capital LLC bought a new position in CBIZ in the 4th quarter valued at about $161,554,000. Bank of Montreal Can acquired a new position in CBIZ during the 4th quarter valued at about $113,596,000. SG Americas Securities LLC acquired a new position in CBIZ during the 4th quarter valued at about $35,653,000. Finally, Royce & Associates LP raised its position in shares of CBIZ by 389.3% during the 4th quarter. Royce & Associates LP now owns 659,140 shares of the business services provider’s stock worth $33,254,000 after buying an additional 524,438 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CBZ. Stephens set a $37.00 price target on shares of CBIZ in a research note on Friday, May 1st. BMO Capital Markets started coverage on CBIZ in a report on Monday, March 30th. They set an “outperform” rating and a $33.00 target price on the stock. Barrington Research started coverage on CBIZ in a research note on Wednesday, June 24th. They set an “outperform” rating and a $45.00 price target for the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $42.00 price target on shares of CBIZ in a research report on Thursday, April 30th. 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 issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, CBIZ currently has an average rating of “Moderate Buy” and an average target price of $39.25.

CBIZ Trading Down 1.3%

Shares of NYSE:CBZ opened at $42.42 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 0.91 and a beta of 0.99. CBIZ, Inc. has a 1-year low of $24.29 and a 1-year high of $77.91. The company has a 50 day moving average price of $33.57 and a 200 day moving average price of $34.16.

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

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.