Blair William & Co. IL Sells 81,786 Shares of CBIZ, Inc. $CBZ

Blair William & Co. IL cut its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 18.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 352,712 shares of the business services provider’s stock after selling 81,786 shares during the quarter. Blair William & Co. IL owned approximately 0.65% of CBIZ worth $18,680,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CBZ. Handelsbanken Fonder AB grew its position in CBIZ by 61.7% during the third quarter. Handelsbanken Fonder AB now owns 747,000 shares of the business services provider’s stock valued at $39,561,000 after buying an additional 285,000 shares during the period. WCM Investment Management LLC purchased a new stake in CBIZ during the third quarter worth about $15,011,000. JPMorgan Chase & Co. raised its position in CBIZ by 30.8% in the second quarter. JPMorgan Chase & Co. now owns 985,958 shares of the business services provider’s stock worth $70,703,000 after acquiring an additional 232,438 shares during the period. Alpha Wave Global LP boosted its stake in CBIZ by 162.2% in the second quarter. Alpha Wave Global LP now owns 232,021 shares of the business services provider’s stock valued at $16,638,000 after acquiring an additional 143,526 shares during the last quarter. Finally, Mawer Investment Management Ltd. purchased a new position in CBIZ in the second quarter valued at about $9,227,000. 87.44% of the stock is currently owned by institutional investors.

CBIZ Price Performance

CBZ stock opened at $29.28 on Monday. The firm has a 50 day moving average of $39.71 and a 200-day moving average of $49.23. 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 $26.97 and a 12 month high of $80.65. The firm has a market capitalization of $1.61 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 0.55 and a beta of 0.95.

CBIZ (NYSE:CBZ) last released its quarterly earnings results on Wednesday, February 25th. The business services provider reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.04). CBIZ had a net margin of 4.19% and a return on equity of 12.23%. The firm had revenue of $542.66 million for the quarter, compared to analysts’ expectations of $578.02 million. During the same quarter last year, the firm earned ($0.20) earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. 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.

Analyst Upgrades and Downgrades

CBZ has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of CBIZ in a research note on Wednesday, January 21st. Zacks Research downgraded CBIZ from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Deutsche Bank Aktiengesellschaft assumed coverage on CBIZ in a report on Monday, January 12th. They set a “hold” rating and a $60.00 price objective for the company. Finally, CJS Securities raised CBIZ to a “strong-buy” rating in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, CBIZ currently has an average rating of “Hold” and a consensus price target of $60.00.

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.