Insider Buying: CBIZ (NYSE:CBZ) CFO Purchases $331,766.75 in Stock

CBIZ, Inc. (NYSE:CBZ) CFO Brad Lakhia purchased 12,775 shares of the stock in a transaction dated Friday, March 13th. The shares were acquired at an average price of $25.97 per share, with a total value of $331,766.75. Following the completion of the acquisition, the chief financial officer owned 148,480 shares in the company, valued at approximately $3,856,025.60. This trade represents a 9.41% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CBIZ Stock Up 1.0%

Shares of NYSE:CBZ opened at $26.65 on Friday. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 0.50 and a beta of 0.94. CBIZ, Inc. has a 12-month low of $25.44 and a 12-month high of $80.65. The business has a 50-day moving average price of $35.05 and a 200 day moving average price of $47.03. 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 (NYSE:CBZ) last posted its earnings results on Wednesday, February 25th. The business services provider reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.04). The company had revenue of $542.66 million during the quarter, compared to analyst estimates of $578.02 million. CBIZ had a net margin of 4.19% and a return on equity of 12.23%. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.20) EPS. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. Sell-side analysts expect that CBIZ, Inc. will post 2.65 EPS for the current year.

Institutional Trading of CBIZ

Several hedge funds have recently made changes to their positions in CBZ. Durable Capital Partners LP purchased a new position in shares of CBIZ in the third quarter valued at approximately $207,872,000. 22C Capital LLC purchased a new stake in CBIZ during the 4th quarter worth approximately $161,554,000. Bank of Montreal Can acquired a new stake in CBIZ during the 4th quarter worth approximately $113,596,000. SG Americas Securities LLC acquired a new stake in CBIZ during the 4th quarter worth approximately $35,653,000. Finally, Sunriver Management LLC purchased a new position in CBIZ in the 3rd quarter valued at approximately $31,605,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of CBIZ in a research report on Monday, January 12th. They set a “hold” rating and a $60.00 price objective for the company. Zacks Research lowered CBIZ from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 26th. CJS Securities upgraded CBIZ to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of CBIZ in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $60.00.

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.