Quantbot Technologies LP Makes New $1.51 Million Investment in CBIZ, Inc. $CBZ

Quantbot Technologies LP bought a new stake in CBIZ, Inc. (NYSE:CBZ) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 28,445 shares of the business services provider’s stock, valued at approximately $1,506,000.

Other institutional investors have also recently made changes to their positions in the company. Handelsbanken Fonder AB increased its holdings in CBIZ by 61.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 747,000 shares of the business services provider’s stock worth $39,561,000 after acquiring an additional 285,000 shares during the last quarter. WCM Investment Management LLC bought a new position in CBIZ during the third quarter worth about $15,011,000. JPMorgan Chase & Co. boosted its position in CBIZ by 30.8% during the second quarter. JPMorgan Chase & Co. now owns 985,958 shares of the business services provider’s stock worth $70,703,000 after purchasing an additional 232,438 shares during the period. Alpha Wave Global LP increased its stake in shares of CBIZ by 162.2% in the second quarter. Alpha Wave Global LP now owns 232,021 shares of the business services provider’s stock worth $16,638,000 after purchasing an additional 143,526 shares in the last quarter. Finally, Mawer Investment Management Ltd. bought a new stake in shares of CBIZ in the second quarter valued at approximately $9,227,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

CBIZ Price Performance

NYSE:CBZ opened at $29.12 on Friday. CBIZ, Inc. has a 52-week low of $26.97 and a 52-week high of $80.65. The stock has a fifty day moving average of $40.19 and a 200 day moving average of $49.66. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of 0.54 and a beta of 0.94.

CBIZ (NYSE:CBZ) last released its quarterly earnings results on Wednesday, February 25th. The business services provider reported ($0.70) earnings per share for the quarter, missing the consensus estimate of ($0.66) by ($0.04). The business had revenue of $542.66 million during the quarter, compared to analysts’ expectations of $578.02 million. CBIZ had a net margin of 4.19% and a return on equity of 12.23%. The business’s revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.20) EPS. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. On average, research analysts expect that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on CBZ. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CBIZ in a report on Wednesday, January 21st. Zacks Research lowered CBIZ from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. CJS Securities upgraded CBIZ to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, 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 on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, CBIZ presently has a consensus rating of “Hold” and an average target price 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.