P2 Capital Partners LLC Sells 89,983 Shares of CBIZ, Inc. $CBZ

P2 Capital Partners LLC trimmed its position in shares of CBIZ, Inc. (NYSE:CBZ) by 5.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,716,325 shares of the business services provider’s stock after selling 89,983 shares during the quarter. CBIZ comprises about 17.5% of P2 Capital Partners LLC’s holdings, making the stock its biggest position. P2 Capital Partners LLC’s holdings in CBIZ were worth $90,897,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CBZ. Burgundy Asset Management Ltd. increased its position in CBIZ by 4.5% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,321,198 shares of the business services provider’s stock worth $166,453,000 after purchasing an additional 100,932 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of CBIZ by 8.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,224,142 shares of the business services provider’s stock valued at $87,794,000 after buying an additional 96,505 shares during the last quarter. State Street Corp lifted its holdings in shares of CBIZ by 4.6% during the 2nd quarter. State Street Corp now owns 1,210,801 shares of the business services provider’s stock valued at $86,827,000 after buying an additional 53,099 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of CBIZ by 30.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 985,958 shares of the business services provider’s stock valued at $70,703,000 after buying an additional 232,438 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of CBIZ by 9.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 821,483 shares of the business services provider’s stock valued at $45,288,000 after buying an additional 67,978 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

CBIZ Stock Performance

Shares of NYSE CBZ opened at $26.08 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 0.48 and a beta of 0.94. The business’s 50-day simple moving average is $37.23 and its 200-day simple moving average is $48.10. CBIZ, Inc. has a 52 week low of $25.44 and a 52 week high of $80.65.

CBIZ (NYSE:CBZ) last posted its earnings results on Wednesday, February 25th. The business services provider reported ($0.70) earnings per share for the quarter, missing the consensus estimate of ($0.66) by ($0.04). The company 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 for the quarter was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.20) earnings per share. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. As a group, equities research analysts expect that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several 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. CJS Securities raised shares of CBIZ to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research lowered shares of CBIZ from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of CBIZ in a 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 assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $60.00.

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.