CenterBook Partners LP Sells 66,557 Shares of CBIZ, Inc. $CBZ

CenterBook Partners LP lessened its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 67.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 31,849 shares of the business services provider’s stock after selling 66,557 shares during the period. CenterBook Partners LP’s holdings in CBIZ were worth $1,607,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CBZ. AQR Capital Management LLC increased its holdings in shares of CBIZ by 6.2% in the 1st quarter. AQR Capital Management LLC now owns 11,725 shares of the business services provider’s stock worth $889,000 after purchasing an additional 682 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of CBIZ by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,294 shares of the business services provider’s stock worth $2,222,000 after purchasing an additional 1,318 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of CBIZ by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,270 shares of the business services provider’s stock worth $10,868,000 after purchasing an additional 7,676 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of CBIZ by 96.1% in the 1st quarter. Jane Street Group LLC now owns 41,240 shares of the business services provider’s stock worth $3,128,000 after purchasing an additional 20,214 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of CBIZ by 80.4% in the 2nd quarter. Prudential Financial Inc. now owns 6,637 shares of the business services provider’s stock worth $492,000 after purchasing an additional 2,957 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Zacks Research raised CBIZ from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. BMO Capital Markets assumed coverage on CBIZ in a report on Monday, March 30th. They issued an “outperform” rating and a $33.00 target price for the company. Weiss Ratings raised CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $42.00 target price on shares of CBIZ in a report on Thursday, April 30th. Finally, Stephens set a $37.00 target price on CBIZ in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $37.33.

Insider Activity

In other news, CFO Brad S. Lakhia purchased 12,775 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of $25.97 per share, for a total transaction of $331,766.75. Following the purchase, the chief financial officer directly owned 148,480 shares in the company, valued at approximately $3,856,025.60. This represents a 9.41% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 4.10% of the stock is currently owned by company insiders.

CBIZ Stock Performance

CBZ stock opened at $33.74 on Wednesday. The company has a market cap of $1.81 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 0.62 and a beta of 0.99. CBIZ, Inc. has a 1 year low of $24.29 and a 1 year high of $77.91. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.63 and a quick ratio of 1.63. The stock’s fifty day moving average price is $30.51 and its 200-day moving average price is $37.30.

CBIZ (NYSE:CBZ) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.22. The firm had revenue of $848.58 million for the quarter, compared to the consensus estimate of $853.46 million. CBIZ had a return on equity of 12.62% and a net margin of 5.57%.The company’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the business posted $2.33 EPS. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. On average, equities analysts forecast that CBIZ, Inc. will post 4.07 earnings per share for the current 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.