BloombergSen Inc. Sells 79,555 Shares of CBIZ, Inc. $CBZ

BloombergSen Inc. cut its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 7.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,028,295 shares of the business services provider’s stock after selling 79,555 shares during the quarter. CBIZ makes up about 3.8% of BloombergSen Inc.’s investment portfolio, making the stock its 11th biggest position. BloombergSen Inc.’s holdings in CBIZ were worth $51,877,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. WCM Investment Management LLC bought a new stake in shares of CBIZ in the third quarter worth about $15,011,000. Y Intercept Hong Kong Ltd bought a new stake in shares of CBIZ in the third quarter worth about $3,895,000. Montrusco Bolton Investments Inc. increased its holdings in shares of CBIZ by 18.6% in the third quarter. Montrusco Bolton Investments Inc. now owns 276,821 shares of the business services provider’s stock worth $14,660,000 after purchasing an additional 43,431 shares during the last quarter. CenterBook Partners LP bought a new stake in shares of CBIZ in the third quarter worth about $5,212,000. Finally, Sunriver Management LLC bought a new stake in shares of CBIZ in the third quarter worth about $31,605,000. 87.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, CFO Brad S. Lakhia acquired 12,775 shares of CBIZ stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $25.97 per share, with a total value of $331,766.75. Following the completion of the purchase, the chief financial officer directly owned 148,480 shares of the company’s stock, valued at $3,856,025.60. The trade was a 9.41% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.10% of the stock is owned by insiders.

CBIZ Trading Up 0.6%

Shares of NYSE CBZ opened at $32.24 on Friday. The business’s 50 day moving average is $28.87 and its two-hundred day moving average is $39.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.63 and a quick ratio of 1.63. CBIZ, Inc. has a 1-year low of $24.29 and a 1-year high of $77.91. The stock has a market capitalization of $1.73 billion, a P/E ratio of 12.95, a PEG ratio of 0.59 and a beta of 0.97.

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