Sunriver Management LLC Sells 20,718 Shares of CBIZ, Inc. $CBZ

Sunriver Management LLC trimmed its stake in CBIZ, Inc. (NYSE:CBZ) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 968,631 shares of the business services provider’s stock after selling 20,718 shares during the quarter. CBIZ makes up 4.4% of Sunriver Management LLC’s holdings, making the stock its 12th biggest position. Sunriver Management LLC owned approximately 1.81% of CBIZ worth $26,008,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of CBZ. AQR Capital Management LLC lifted its stake in CBIZ by 6.2% in the first quarter. AQR Capital Management LLC now owns 11,725 shares of the business services provider’s stock valued at $889,000 after purchasing an additional 682 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in CBIZ by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,294 shares of the business services provider’s stock worth $2,222,000 after buying an additional 1,318 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of CBIZ by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,270 shares of the business services provider’s stock valued at $10,868,000 after buying an additional 7,676 shares during the period. Jane Street Group LLC raised its stake in shares of CBIZ by 96.1% in the first quarter. Jane Street Group LLC now owns 41,240 shares of the business services provider’s stock valued at $3,128,000 after buying an additional 20,214 shares during the period. Finally, Prudential Financial Inc. lifted its position in shares of CBIZ by 80.4% during the 2nd quarter. Prudential Financial Inc. now owns 6,637 shares of the business services provider’s stock valued at $492,000 after buying an additional 2,957 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CBZ. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $42.00 price objective on shares of CBIZ in a report on Thursday, April 30th. BMO Capital Markets started coverage on shares of CBIZ in a research report on Monday, March 30th. They set an “outperform” rating and a $33.00 target price for the company. Barrington Research initiated coverage on shares of CBIZ in a research report on Wednesday, June 24th. They set an “outperform” rating and a $45.00 target price for the company. Stephens set a $37.00 target price on shares of CBIZ in a research note on Friday, May 1st. Finally, Zacks Research upgraded shares of CBIZ from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.25.

CBIZ Price Performance

Shares of NYSE CBZ opened at $42.64 on Friday. The stock has a market cap of $2.29 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 0.85 and a beta of 0.99. CBIZ, Inc. has a fifty-two week low of $24.29 and a fifty-two week high of $77.91. 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 fifty day moving average of $34.77 and a 200-day moving average of $33.80.

CBIZ (NYSE:CBZ) last released its quarterly earnings data 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. 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 analyst estimates of $853.46 million. During the same period in the previous year, the company posted $2.33 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. Equities research analysts anticipate that CBIZ, Inc. will post 4.07 earnings per share for the current year.

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.