Allspring Global Investments Holdings LLC Acquires 155,563 Shares of CBIZ, Inc. $CBZ

Allspring Global Investments Holdings LLC boosted its holdings in CBIZ, Inc. (NYSE:CBZ) by 18.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 977,046 shares of the business services provider’s stock after purchasing an additional 155,563 shares during the period. Allspring Global Investments Holdings LLC owned about 1.80% of CBIZ worth $49,634,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CBZ. Strategic Wealth Investment Group LLC purchased a new position in shares of CBIZ in the 2nd quarter worth about $37,000. Caitong International Asset Management Co. Ltd increased its holdings 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 buying an additional 442 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in CBIZ by 165.4% during the second quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock worth $52,000 after buying an additional 450 shares during the last quarter. Danske Bank A S bought a new stake in CBIZ in the third quarter worth about $42,000. Finally, Johnson Financial Group Inc. bought a new stake in CBIZ in the third quarter worth about $53,000. Institutional investors own 87.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CBZ has been the subject of a number of research reports. CJS Securities raised shares of CBIZ to a “strong-buy” rating in a research report on Thursday, December 11th. BMO Capital Markets started coverage on shares of CBIZ in a report on Monday. They issued an “outperform” rating and a $33.00 price target on the stock. Deutsche Bank Aktiengesellschaft started 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. Zacks Research raised CBIZ from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of CBIZ in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, CBIZ presently has an average rating of “Moderate Buy” and an average target price of $46.50.

Insider Buying and Selling at CBIZ

In other CBIZ news, CFO Brad S. Lakhia purchased 12,775 shares of the stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $25.97 per share, with a total value of $331,766.75. Following 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.95% of the stock is currently owned by insiders.

CBIZ Price Performance

CBZ stock opened at $26.44 on Thursday. The firm has a 50 day moving average of $30.65 and a 200-day moving average of $44.86. 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, Inc. has a 12 month low of $24.29 and a 12 month high of $80.65. The firm has a market capitalization of $1.46 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 0.50 and a beta of 0.93.

CBIZ (NYSE:CBZ) last posted its earnings results on Wednesday, February 25th. The business services provider reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates 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% on a year-over-year basis. During the same period last year, the company posted ($0.20) EPS. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. As a group, sell-side analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

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.