Neumeier Poma Investment Counsel LLC Cuts Stake in CBIZ, Inc. $CBZ

Neumeier Poma Investment Counsel LLC lessened its holdings in CBIZ, Inc. (NYSE:CBZ) by 76.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,035 shares of the business services provider’s stock after selling 335,941 shares during the period. Neumeier Poma Investment Counsel LLC’s holdings in CBIZ were worth $5,457,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CBZ. PNC Financial Services Group Inc. raised its stake in shares of CBIZ by 5.0% in the third quarter. PNC Financial Services Group Inc. now owns 4,798 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 227 shares in the last quarter. Balyasny Asset Management L.P. raised its position in CBIZ by 4.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 4,969 shares of the business services provider’s stock valued at $356,000 after purchasing an additional 230 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of CBIZ by 0.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,529 shares of the business services provider’s stock valued at $2,117,000 after buying an additional 235 shares during the period. Ethic Inc. boosted its stake in shares of CBIZ by 7.5% in the 3rd quarter. Ethic Inc. now owns 4,050 shares of the business services provider’s stock valued at $214,000 after buying an additional 283 shares during the period. Finally, Huntington National Bank grew its position in shares of CBIZ by 15.7% during the second quarter. Huntington National Bank now owns 2,228 shares of the business services provider’s stock worth $160,000 after buying an additional 302 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Stock Performance

Shares of CBIZ stock opened at $27.14 on Thursday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.80. CBIZ, Inc. has a 52 week low of $26.97 and a 52 week high of $90.13. The firm’s 50 day moving average is $42.93 and its two-hundred day moving average is $50.98. The firm has a market capitalization of $1.48 billion, a P/E ratio of 17.86 and a beta of 0.92.

CBIZ (NYSE:CBZ) last issued its earnings results on Wednesday, February 25th. The business services provider reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.66) by ($0.04). CBIZ had a net margin of 3.89% and a return on equity of 14.00%. The company had revenue of $542.66 million during the quarter, compared to analyst estimates of $578.02 million. During the same quarter in the previous year, the company posted ($0.20) EPS. The company’s quarterly revenue 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 forecast that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CBZ. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CBIZ in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CBIZ in a research report on Monday, January 12th. They issued a “hold” rating and a $60.00 price objective on the stock. Finally, CJS Securities raised shares of CBIZ to a “strong-buy” rating in a research report on Thursday, December 11th. 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 one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Insider Transactions at CBIZ

In other CBIZ news, Director Benaree Pratt Wiley sold 8,288 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $49.54, for a total value of $410,587.52. Following the completion of the transaction, the director owned 35,956 shares in the company, valued at $1,781,260.24. This represents a 18.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.95% of the stock is owned by corporate insiders.

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.