Bleakley Financial Group LLC Makes New $359,000 Investment in CBIZ, Inc. $CBZ

Bleakley Financial Group LLC purchased a new position in shares of CBIZ, Inc. (NYSE:CBZ) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,354 shares of the business services provider’s stock, valued at approximately $359,000.

A number of other hedge funds have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its holdings in shares of CBIZ by 18.9% during the 4th 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. SG Americas Securities LLC bought a new stake in CBIZ in the fourth quarter worth $35,653,000. Royce & Associates LP boosted its position in CBIZ by 389.3% during the fourth quarter. Royce & Associates LP now owns 659,140 shares of the business services provider’s stock valued at $33,254,000 after buying an additional 524,438 shares during the period. Clearline Capital LP purchased a new position in shares of CBIZ in the fourth quarter worth about $1,190,000. Finally, Montrusco Bolton Investments Inc. increased its holdings in shares of CBIZ by 15.2% in the first quarter. Montrusco Bolton Investments Inc. now owns 340,021 shares of the business services provider’s stock worth $9,130,000 after buying an additional 44,900 shares during the period. 87.44% of the stock is currently owned by institutional investors.

CBIZ Stock Down 1.3%

NYSE CBZ opened at $42.42 on Friday. CBIZ, Inc. has a 1 year low of $24.29 and a 1 year high of $77.91. The stock has a market capitalization of $2.28 billion, a PE ratio of 17.04, a PEG ratio of 0.90 and a beta of 0.99. 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 business’s 50-day moving average is $33.57 and its 200 day moving average is $34.16.

CBIZ (NYSE:CBZ) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $2.50 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 business had revenue of $848.58 million during the quarter, compared to analyst estimates of $853.46 million. During the same quarter in the prior year, the company posted $2.33 EPS. CBIZ’s quarterly revenue was up 1.3% compared to the same quarter last year. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. Sell-side analysts forecast that CBIZ, Inc. will post 4.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. BMO Capital Markets began coverage on CBIZ in a report on Monday, March 30th. They set an “outperform” rating and a $33.00 target price for the company. Weiss Ratings raised CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. 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. Barrington Research started coverage on CBIZ in a research note on Wednesday, June 24th. They set an “outperform” rating and a $45.00 price objective for the company. Finally, Zacks Research raised CBIZ from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. One 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 given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.25.

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.