Royce & Associates LP Has $7.13 Million Stock Holdings in CBIZ, Inc. $CBZ

Royce & Associates LP trimmed its holdings in CBIZ, Inc. (NYSE:CBZ) by 35.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 134,702 shares of the business services provider’s stock after selling 75,517 shares during the quarter. Royce & Associates LP owned about 0.25% of CBIZ worth $7,134,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in CBIZ in the 2nd quarter valued at about $35,000. Strategic Wealth Investment Group LLC acquired a new stake in shares of CBIZ in the second quarter valued at approximately $37,000. EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 450 shares during the last quarter. AlphaQuest LLC lifted its holdings in CBIZ by 6,847.1% during the 3rd quarter. AlphaQuest LLC now owns 1,181 shares of the business services provider’s stock worth $63,000 after buying an additional 1,164 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in CBIZ during the 2nd quarter worth $132,000. Institutional investors own 87.44% of the company’s stock.

CBIZ Trading Down 4.0%

NYSE CBZ opened at $28.67 on Thursday. CBIZ, Inc. has a 12 month low of $26.97 and a 12 month high of $80.65. The stock has a 50-day simple moving average of $40.66 and a 200 day simple moving average of $49.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $1.58 billion, a PE ratio of 16.20, a P/E/G ratio of 0.56 and a beta of 0.94.

CBIZ (NYSE:CBZ) last posted 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). The company had revenue of $542.66 million for 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%.CBIZ’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.20) earnings per share. 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 year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on CBZ shares. CJS Securities upgraded CBIZ to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research lowered CBIZ from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 26th. Deutsche Bank Aktiengesellschaft initiated coverage on CBIZ in a report on Monday, January 12th. They set a “hold” rating and a $60.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CBIZ in a research note on Wednesday, January 21st. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, CBIZ has a consensus rating of “Hold” and a consensus price target of $60.00.

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.