CBIZ, Inc. $CBZ is P2 Capital Partners LLC’s Largest Position

P2 Capital Partners LLC increased its holdings in CBIZ, Inc. (NYSE:CBZ) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,773,391 shares of the business services provider’s stock after acquiring an additional 57,066 shares during the period. CBIZ comprises about 22.9% of P2 Capital Partners LLC’s holdings, making the stock its largest holding. P2 Capital Partners LLC’s holdings in CBIZ were worth $89,468,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Durable Capital Partners LP purchased a new stake in CBIZ in the 3rd quarter worth about $207,872,000. Bank of Montreal Can purchased a new stake in CBIZ in the 4th quarter worth about $113,596,000. State Street Corp lifted its stake in CBIZ by 4.6% in the 2nd quarter. State Street Corp now owns 1,210,801 shares of the business services provider’s stock worth $86,827,000 after acquiring an additional 53,099 shares in the last quarter. Sunriver Management LLC lifted its stake in CBIZ by 65.8% in the 4th quarter. Sunriver Management LLC now owns 989,349 shares of the business services provider’s stock worth $49,913,000 after acquiring an additional 392,587 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in CBIZ by 18.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 977,046 shares of the business services provider’s stock worth $49,634,000 after acquiring an additional 155,563 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

CBIZ Stock Performance

CBZ opened at $34.00 on Wednesday. The stock’s 50 day moving average price is $31.23 and its two-hundred day moving average price is $36.74. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.77. CBIZ, Inc. has a 12-month low of $24.29 and a 12-month high of $77.91. The firm has a market capitalization of $1.82 billion, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 0.63 and a beta of 0.99.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.22. CBIZ had a return on equity of 12.62% and a net margin of 5.57%.The company had revenue of $848.58 million during the quarter, compared to the consensus estimate of $853.46 million. During the same quarter last year, the company earned $2.33 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. On average, equities analysts forecast that CBIZ, Inc. will post 4.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

CBZ has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $42.00 target price on shares of CBIZ in a research report on Thursday, April 30th. Stephens set a $37.00 target price on CBIZ in a research report on Friday, May 1st. Zacks Research raised CBIZ from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Weiss Ratings raised CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, BMO Capital Markets initiated coverage on CBIZ in a research report on Monday, March 30th. They issued an “outperform” rating and a $33.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.