596,762 Shares in CBIZ, Inc. $CBZ Purchased by Sunriver Management LLC

Sunriver Management LLC purchased a new stake in shares of CBIZ, Inc. (NYSE:CBZ) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 596,762 shares of the business services provider’s stock, valued at approximately $31,605,000. CBIZ comprises 3.4% of Sunriver Management LLC’s investment portfolio, making the stock its 18th largest position. Sunriver Management LLC owned approximately 1.10% of CBIZ as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Wealth Investment Group LLC bought a new position in shares of CBIZ in the second quarter valued at approximately $37,000. EverSource Wealth Advisors LLC lifted its stake in CBIZ by 165.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 450 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in CBIZ during the 3rd quarter worth $53,000. AlphaQuest LLC boosted its holdings in CBIZ by 6,847.1% during the 3rd quarter. AlphaQuest LLC now owns 1,181 shares of the business services provider’s stock worth $63,000 after acquiring an additional 1,164 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of CBIZ in the 2nd quarter worth $132,000. 87.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on CBZ. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CBIZ in a report on Monday, January 12th. They issued a “hold” rating and a $60.00 target price for the company. CJS Securities raised shares of CBIZ to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research lowered shares of CBIZ from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of CBIZ in a research note on Wednesday, January 21st. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $60.00.

CBIZ Stock Performance

Shares of CBZ stock traded up $0.21 during trading hours on Friday, hitting $25.82. 28,859 shares of the company were exchanged, compared to its average volume of 1,259,147. The firm has a fifty day simple moving average of $37.72 and a 200 day simple moving average of $48.37. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.79. CBIZ, Inc. has a 52-week low of $25.44 and a 52-week high of $80.65. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 0.50 and a beta of 0.94.

CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Wednesday, February 25th. The business services provider reported ($0.70) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.04). CBIZ had a net margin of 4.19% and a return on equity of 12.23%. The firm had revenue of $542.66 million during the quarter, compared to analysts’ expectations of $578.02 million. During the same quarter in the previous year, the company posted ($0.20) EPS. CBIZ’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. Research analysts predict that CBIZ, Inc. will post 2.65 earnings per share 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.