CBIZ, Inc. $CBZ Holdings Decreased by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of CBIZ, Inc. (NYSE:CBZ) by 47.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 522,900 shares of the business services provider’s stock after selling 463,058 shares during the quarter. JPMorgan Chase & Co.’s holdings in CBIZ were worth $27,693,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its stake in CBIZ by 377.8% during 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 purchasing an additional 442 shares during the last quarter. Strategic Wealth Investment Group LLC acquired a new stake in shares of CBIZ during the second quarter worth $37,000. Danske Bank A S bought a new position in shares of CBIZ in the 3rd quarter worth about $42,000. EverSource Wealth Advisors LLC lifted its position in shares of CBIZ by 165.4% in the 2nd 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 last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of CBIZ in the 3rd quarter valued at about $53,000. 87.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Brad S. Lakhia bought 12,775 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $25.97 per share, for a total transaction of $331,766.75. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 4.95% of the company’s stock.

Wall Street Analyst Weigh In

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

CBIZ Stock Performance

Shares of CBZ opened at $26.71 on Tuesday. The firm has a fifty day moving average of $33.94 and a 200-day moving average of $46.31. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 0.51 and a beta of 0.95. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.22 and a current ratio of 1.22. CBIZ, Inc. has a 1 year low of $25.44 and a 1 year high of $80.65.

CBIZ (NYSE:CBZ) last released its quarterly earnings data on Wednesday, February 25th. The business services provider reported ($0.70) earnings per share 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 firm’s revenue was up 17.9% on a year-over-year basis. During the same period last year, the business earned ($0.20) EPS. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. As a group, equities analysts anticipate that CBIZ, Inc. will post 2.65 earnings per share for the current year.

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.