Montrusco Bolton Investments Inc. Acquires 43,431 Shares of CBIZ, Inc. $CBZ

Montrusco Bolton Investments Inc. raised its stake in CBIZ, Inc. (NYSE:CBZ) by 18.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 276,821 shares of the business services provider’s stock after purchasing an additional 43,431 shares during the quarter. Montrusco Bolton Investments Inc. owned 0.51% of CBIZ worth $14,660,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in CBIZ during the second quarter worth $35,000. Strategic Wealth Investment Group LLC bought a new stake in CBIZ in the 2nd quarter worth about $37,000. EverSource Wealth Advisors LLC increased its stake in CBIZ by 165.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock valued at $52,000 after buying an additional 450 shares during the last quarter. AlphaQuest LLC lifted its position in shares of 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. bought a new position in shares of CBIZ during the 2nd quarter worth approximately $132,000. Institutional investors own 87.44% of the company’s stock.

Insider Activity at CBIZ

In other news, Director Benaree Pratt Wiley sold 8,288 shares of CBIZ stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $49.54, for a total value of $410,587.52. Following the completion of the transaction, the director directly owned 35,956 shares in the company, valued at approximately $1,781,260.24. The trade was a 18.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.95% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. CJS Securities raised CBIZ to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings restated a “sell (d+)” rating on shares of CBIZ in a research note on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft started coverage on CBIZ in a research report on Monday, January 12th. They set a “hold” rating and a $60.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

CBIZ Price Performance

NYSE CBZ opened at $27.14 on Thursday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.80. The company has a market cap of $1.48 billion, a PE ratio of 17.86 and a beta of 0.92. CBIZ, Inc. has a 52 week low of $26.97 and a 52 week high of $90.13. The firm’s 50-day simple moving average is $42.93 and its two-hundred day simple moving average is $50.98.

CBIZ (NYSE:CBZ) last posted its quarterly 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 business had revenue of $542.66 million during the quarter, compared to the consensus estimate of $578.02 million. CBIZ had a net margin of 3.89% and a return on equity of 14.00%. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period last year, the firm earned ($0.20) EPS. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. Research analysts predict that CBIZ, Inc. will post 2.65 earnings per share 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.