CBIZ, Inc. $CBZ Shares Acquired by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. lifted its stake in CBIZ, Inc. (NYSE:CBZ) by 15.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 340,021 shares of the business services provider’s stock after purchasing an additional 44,900 shares during the period. Montrusco Bolton Investments Inc. owned about 0.62% of CBIZ worth $9,130,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CBZ. Sunriver Management LLC acquired a new position in shares of CBIZ during the third quarter worth about $31,605,000. Allspring Global Investments Holdings LLC raised its holdings in CBIZ by 18.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 977,046 shares of the business services provider’s stock valued at $49,634,000 after acquiring an additional 155,563 shares in the last quarter. SG Americas Securities LLC purchased a new position in CBIZ in the fourth quarter worth approximately $35,653,000. Royce & Associates LP lifted its stake in CBIZ by 389.3% in the fourth quarter. Royce & Associates LP now owns 659,140 shares of the business services provider’s stock worth $33,254,000 after acquiring an additional 524,438 shares during the last quarter. Finally, Clearline Capital LP acquired a new position in CBIZ during the 4th quarter worth approximately $1,190,000. 87.44% of the stock is owned by institutional investors and hedge funds.

CBIZ Trading Down 0.4%

Shares of CBIZ stock opened at $35.00 on Friday. The company has a 50-day moving average of $31.97 and a two-hundred day moving average of $35.10. CBIZ, Inc. has a 12-month low of $24.29 and a 12-month high of $77.91. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.77. The stock has a market cap of $1.88 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.74 and a beta of 0.99.

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

Analyst Ratings Changes

CBZ has been the topic of a number of analyst reports. BMO Capital Markets began coverage on shares of CBIZ in a report on Monday, March 30th. They issued an “outperform” rating and a $33.00 price objective on the stock. Barrington Research started coverage on CBIZ in a report on Wednesday, June 24th. They issued an “outperform” rating and a $45.00 price objective on the stock. Stephens set a $37.00 target price on CBIZ in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $42.00 price objective on shares of CBIZ in a research note on Thursday, April 30th. Finally, Weiss Ratings raised CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.25.

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.