GW&K Investment Management LLC Acquires 21,603 Shares of CBIZ, Inc. $CBZ

GW&K Investment Management LLC raised its holdings in CBIZ, Inc. (NYSE:CBZ) by 2.9% in the 4th quarter, HoldingsChannel reports. The firm owned 779,033 shares of the business services provider’s stock after purchasing an additional 21,603 shares during the quarter. GW&K Investment Management LLC’s holdings in CBIZ were worth $39,302,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CBZ. Fox Run Management L.L.C. bought a new stake in shares of CBIZ during the fourth quarter valued at approximately $619,000. Franklin Resources Inc. grew its stake in shares of CBIZ by 248.4% during the fourth quarter. Franklin Resources Inc. now owns 21,954 shares of the business services provider’s stock valued at $1,108,000 after purchasing an additional 15,652 shares during the last quarter. Invst LLC bought a new stake in shares of CBIZ during the fourth quarter valued at approximately $294,000. Anchor Capital Advisors LLC bought a new stake in shares of CBIZ during the fourth quarter valued at approximately $990,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of CBIZ by 106.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 635,434 shares of the business services provider’s stock valued at $32,058,000 after purchasing an additional 327,053 shares during the last quarter. Institutional investors own 87.44% of the company’s stock.

Insider Activity

In related news, CFO Brad S. Lakhia purchased 12,775 shares of CBIZ stock in a transaction dated Friday, March 13th. The shares were acquired at an average cost of $25.97 per share, for a total transaction of $331,766.75. Following the transaction, the chief financial officer directly owned 148,480 shares of the company’s stock, valued at approximately $3,856,025.60. This trade represents a 9.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.10% of the stock is owned by corporate insiders.

CBIZ Stock Up 1.4%

NYSE:CBZ opened at $34.20 on Thursday. CBIZ, Inc. has a 12-month low of $24.29 and a 12-month high of $77.91. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $1.83 billion, a P/E ratio of 13.73, a P/E/G ratio of 0.63 and a beta of 0.99. The stock’s fifty day simple moving average is $30.66 and its 200-day simple moving average is $37.18.

CBIZ (NYSE:CBZ) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $853.46 million. During the same period last year, the company earned $2.33 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. Equities research analysts expect that CBIZ, Inc. will post 4.07 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on CBZ. Weiss Ratings raised shares of CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $42.00 price target on shares of CBIZ in a research note on Thursday, April 30th. Zacks Research raised CBIZ from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Stephens set a $37.00 price objective on CBIZ in a report on Friday, May 1st. Finally, BMO Capital Markets began coverage on CBIZ in a report on Monday, March 30th. They set an “outperform” rating and a $33.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, CBIZ has an average rating of “Hold” and a consensus price target of $37.33.

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.