Royce & Associates LP Has $7.13 Million Stock Position in CBIZ, Inc. $CBZ

Royce & Associates LP lowered its position in CBIZ, Inc. (NYSE:CBZ) by 35.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 134,702 shares of the business services provider’s stock after selling 75,517 shares during the period. Royce & Associates LP’s holdings in CBIZ were worth $7,134,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Handelsbanken Fonder AB grew its stake in CBIZ by 61.7% in the third quarter. Handelsbanken Fonder AB now owns 747,000 shares of the business services provider’s stock valued at $39,561,000 after acquiring an additional 285,000 shares during the period. WCM Investment Management LLC acquired a new stake in shares of CBIZ during the third quarter worth about $15,011,000. JPMorgan Chase & Co. lifted its holdings in shares of CBIZ by 30.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 985,958 shares of the business services provider’s stock valued at $70,703,000 after purchasing an additional 232,438 shares in the last quarter. Alpha Wave Global LP grew its position in shares of CBIZ by 162.2% in the 2nd quarter. Alpha Wave Global LP now owns 232,021 shares of the business services provider’s stock valued at $16,638,000 after purchasing an additional 143,526 shares during the period. Finally, Mawer Investment Management Ltd. bought a new stake in CBIZ during the 2nd quarter worth approximately $9,227,000. 87.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CBZ. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CBIZ in a research note on Monday, January 12th. They issued a “hold” rating and a $60.00 price target 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. Finally, Zacks Research cut CBIZ from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $60.00.

CBIZ Stock Performance

Shares of CBZ stock opened at $28.67 on Thursday. CBIZ, Inc. has a 12 month low of $26.97 and a 12 month high of $80.65. The company’s fifty day simple moving average is $40.66 and its 200-day simple moving average is $49.81. The firm has a market cap of $1.58 billion, a PE ratio of 16.20, a P/E/G ratio of 0.56 and a beta of 0.94. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.79.

CBIZ (NYSE:CBZ) last released 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). CBIZ had a net margin of 4.19% and a return on equity of 12.23%. The business had revenue of $542.66 million during the quarter, compared to the consensus estimate of $578.02 million. During the same period last year, the business posted ($0.20) EPS. 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. Equities research analysts expect that CBIZ, Inc. will post 2.65 EPS for the current fiscal 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.