Clearline Capital LP Purchases New Holdings in CBIZ, Inc. $CBZ

Clearline Capital LP purchased a new stake in CBIZ, Inc. (NYSE:CBZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,586 shares of the business services provider’s stock, valued at approximately $1,190,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CBZ. AQR Capital Management LLC boosted its holdings in CBIZ by 6.2% in the first quarter. AQR Capital Management LLC now owns 11,725 shares of the business services provider’s stock valued at $889,000 after purchasing an additional 682 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in CBIZ by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,294 shares of the business services provider’s stock valued at $2,222,000 after purchasing an additional 1,318 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in CBIZ by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,270 shares of the business services provider’s stock valued at $10,868,000 after purchasing an additional 7,676 shares during the last quarter. Jane Street Group LLC boosted its holdings in CBIZ by 96.1% in the first quarter. Jane Street Group LLC now owns 41,240 shares of the business services provider’s stock valued at $3,128,000 after purchasing an additional 20,214 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in CBIZ by 80.4% in the second quarter. Prudential Financial Inc. now owns 6,637 shares of the business services provider’s stock valued at $492,000 after purchasing an additional 2,957 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

CBIZ Trading Down 3.2%

Shares of NYSE CBZ opened at $33.00 on Thursday. The stock’s 50 day moving average price is $31.33 and its two-hundred day moving average price is $36.63. CBIZ, Inc. has a 52-week low of $24.29 and a 52-week high of $77.91. The stock has a market capitalization of $1.77 billion, a P/E ratio of 13.25, a PEG ratio of 0.63 and a beta of 0.99. 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 data on Wednesday, April 29th. The business services provider reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.22. The firm had revenue of $848.58 million for the quarter, compared to analysts’ expectations of $853.46 million. CBIZ had a return on equity of 12.62% and a net margin of 5.57%.CBIZ’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.33 earnings per share. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. On average, analysts anticipate that CBIZ, Inc. will post 4.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

CBIZ Company 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.