Summit Creek Advisors LLC Cuts Stock Position in CBIZ, Inc. $CBZ

Summit Creek Advisors LLC lessened its stake in CBIZ, Inc. (NYSE:CBZ) by 7.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 264,180 shares of the business services provider’s stock after selling 20,105 shares during the period. CBIZ accounts for approximately 2.1% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Summit Creek Advisors LLC’s holdings in CBIZ were worth $13,328,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its stake in CBIZ by 377.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 442 shares during the last quarter. Strategic Wealth Investment Group LLC purchased a new position in CBIZ in the second quarter valued at about $37,000. Danske Bank A S purchased a new position in CBIZ in the third quarter valued at about $42,000. Torren Management LLC purchased a new position in CBIZ in the fourth quarter valued at about $48,000. Finally, EverSource Wealth Advisors LLC grew its stake in CBIZ by 165.4% in the second quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Insider Transactions at CBIZ

In related news, CFO Brad S. Lakhia purchased 12,775 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $25.97 per share, with a total value of $331,766.75. Following the completion of the acquisition, the chief financial officer 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.10% of the company’s stock.

Analyst Ratings Changes

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

CBIZ Price Performance

Shares of NYSE CBZ opened at $31.66 on Thursday. CBIZ, Inc. has a 52 week low of $24.29 and a 52 week high of $77.91. The firm has a market cap of $1.70 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.57 and a beta of 0.97. The business’s 50 day moving average price is $28.64 and its 200 day moving average price is $39.24. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.77.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $853.46 million. During the same period in the previous year, the company posted $2.33 earnings per share. CBIZ’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. On average, sell-side analysts expect that CBIZ, Inc. will post 4.07 earnings per share for the current year.

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.