CBIZ, Inc. $CBZ Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky decreased its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 40.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 28,887 shares of the business services provider’s stock after selling 19,514 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in CBIZ were worth $776,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Montrusco Bolton Investments Inc. boosted its stake in shares of CBIZ by 15.2% during the first quarter. Montrusco Bolton Investments Inc. now owns 340,021 shares of the business services provider’s stock valued at $9,130,000 after acquiring an additional 44,900 shares during the last quarter. Praxis Investment Management Inc. acquired a new position in CBIZ in the 1st quarter valued at about $206,000. Inspire Investing LLC raised its stake in CBIZ by 108.0% in the 1st quarter. Inspire Investing LLC now owns 19,204 shares of the business services provider’s stock valued at $516,000 after purchasing an additional 9,970 shares during the last quarter. HHM Wealth Advisors LLC acquired a new position in CBIZ in the 1st quarter valued at about $107,000. Finally, Corient Private Wealth LLC lifted its holdings in CBIZ by 6.9% in the 4th quarter. Corient Private Wealth LLC now owns 6,368 shares of the business services provider’s stock valued at $321,000 after purchasing an additional 410 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

CBIZ Stock Up 6.6%

Shares of NYSE:CBZ opened at $42.99 on Friday. 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 firm has a market cap of $2.31 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 0.85 and a beta of 0.99. The stock’s 50-day moving average price is $33.34 and its two-hundred day moving average price is $34.10. CBIZ, Inc. has a 12-month low of $24.29 and a 12-month high of $77.91.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Zacks Research raised shares of CBIZ from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Weiss Ratings raised shares of CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $42.00 price objective on shares of CBIZ in a research note on Thursday, April 30th. Barrington Research began coverage on shares of CBIZ in a research report on Wednesday, June 24th. They set an “outperform” rating and a $45.00 target price on the stock. Finally, BMO Capital Markets assumed coverage on shares of CBIZ in a research note on Monday, March 30th. They issued an “outperform” rating and a $33.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, CBIZ presently has a consensus rating of “Moderate Buy” and an average target price of $39.25.

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.