Pacific Capital Partners Ltd Cuts Stock Holdings in CBIZ, Inc. $CBZ

Pacific Capital Partners Ltd lessened its stake in CBIZ, Inc. (NYSE:CBZ) by 57.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,750 shares of the business services provider’s stock after selling 58,750 shares during the quarter. CBIZ comprises approximately 2.3% of Pacific Capital Partners Ltd’s holdings, making the stock its 19th biggest holding. Pacific Capital Partners Ltd owned approximately 0.08% of CBIZ worth $2,207,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in CBZ. Caitong International Asset Management Co. Ltd boosted its holdings in CBIZ by 377.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 442 shares during the last quarter. Strategic Wealth Investment Group LLC acquired a new stake in CBIZ during the 2nd quarter worth approximately $37,000. Danske Bank A S acquired a new position in CBIZ during the third quarter valued at approximately $42,000. EverSource Wealth Advisors LLC grew its stake in CBIZ by 165.4% during the second quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock worth $52,000 after buying an additional 450 shares during the period. Finally, Johnson Financial Group Inc. purchased a new position in shares of CBIZ in the 3rd quarter valued at $53,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CBIZ

In other CBIZ news, CFO Brad S. Lakhia purchased 12,775 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $25.97 per share, for a total transaction of $331,766.75. Following the completion of the purchase, the chief financial officer owned 148,480 shares in the company, valued at $3,856,025.60. The trade was a 9.41% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CBZ shares. CJS Securities raised shares of CBIZ to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of CBIZ in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft started coverage on CBIZ in a research note on Monday, January 12th. They set a “hold” rating and a $60.00 price objective on the stock. Zacks Research lowered CBIZ from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Finally, BMO Capital Markets began coverage on CBIZ in a report on Monday. They set 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 given a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $46.50.

CBIZ Price Performance

CBZ opened at $27.03 on Tuesday. The company has a fifty day simple moving average of $31.41 and a 200 day simple moving average of $45.20. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 0.49 and a beta of 0.94. CBIZ, Inc. has a twelve month low of $24.29 and a twelve month high of $80.65. 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 issued its quarterly earnings data 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 firm had revenue of $542.66 million during the quarter, compared to analyst estimates of $578.02 million. CBIZ had a return on equity of 12.23% and a net margin of 4.19%.The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.20) EPS. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. Equities research analysts expect that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

CBIZ 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.