CBIZ, Inc. $CBZ Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC trimmed its position in shares of CBIZ, Inc. (NYSE:CBZ) by 95.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,257 shares of the business services provider’s stock after selling 287,889 shares during the quarter. William Blair Investment Management LLC’s holdings in CBIZ were worth $808,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. lifted its stake in shares of CBIZ by 4.5% in the second quarter. Burgundy Asset Management Ltd. now owns 2,321,198 shares of the business services provider’s stock valued at $166,453,000 after purchasing an additional 100,932 shares during the period. Geode Capital Management LLC raised its holdings in CBIZ by 8.6% during the second quarter. Geode Capital Management LLC now owns 1,224,142 shares of the business services provider’s stock worth $87,794,000 after purchasing an additional 96,505 shares during the last quarter. State Street Corp grew its holdings in CBIZ by 4.6% in the second quarter. State Street Corp now owns 1,210,801 shares of the business services provider’s stock valued at $86,827,000 after purchasing an additional 53,099 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of CBIZ by 30.8% in the second quarter. JPMorgan Chase & Co. now owns 985,958 shares of the business services provider’s stock valued at $70,703,000 after buying an additional 232,438 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of CBIZ by 9.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 821,483 shares of the business services provider’s stock worth $45,288,000 after buying an additional 67,978 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. CJS Securities upgraded shares of CBIZ to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reaffirmed 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 report on Thursday, February 26th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on CBIZ in a research report on Monday, January 12th. They issued a “hold” rating and a $60.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $60.00.

CBIZ Stock Performance

Shares of CBZ stock opened at $29.76 on Wednesday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 0.54 and a beta of 0.94. CBIZ, Inc. has a one year low of $26.97 and a one year high of $80.65. The company’s 50-day simple moving average is $41.13 and its 200-day simple moving average is $49.96. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.22 and a current ratio of 1.22.

CBIZ (NYSE:CBZ) last issued its 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 company had revenue of $542.66 million during the quarter, compared to analyst estimates of $578.02 million. The business’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. Equities analysts anticipate that CBIZ, Inc. will post 2.65 earnings per share 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.