WCM Investment Management LLC Sells 91,362 Shares of CBIZ, Inc. $CBZ

WCM Investment Management LLC reduced its stake in CBIZ, Inc. (NYSE:CBZ) by 33.3% during the first quarter, HoldingsChannel reports. The firm owned 183,268 shares of the business services provider’s stock after selling 91,362 shares during the period. WCM Investment Management LLC’s holdings in CBIZ were worth $4,950,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Strategic Wealth Investment Group LLC purchased a new position in CBIZ in the 2nd quarter worth approximately $37,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of CBIZ by 377.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider’s stock worth $30,000 after buying an additional 442 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of CBIZ by 165.4% during 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 in the last quarter. Danske Bank A S purchased a new stake in shares of CBIZ during the 3rd quarter valued at $42,000. Finally, Torren Management LLC bought a new stake in shares of CBIZ during the 4th quarter worth $48,000. 87.44% of the stock is currently owned by institutional investors.

CBIZ Stock Down 1.4%

Shares of CBIZ stock opened at $41.83 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.63 and a current ratio of 1.63. CBIZ, Inc. has a 52-week low of $24.29 and a 52-week high of $77.91. The company’s 50 day moving average price is $33.80 and its 200-day moving average price is $33.96. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 0.90 and a beta of 0.99.

CBIZ (NYSE:CBZ) last posted its quarterly earnings results 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 analyst estimates of $853.46 million. CBIZ had a net margin of 5.57% and a return on equity of 12.62%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.33 EPS. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. Equities research analysts forecast that CBIZ, Inc. will post 4.07 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. BMO Capital Markets initiated coverage on shares of CBIZ in a research report on Monday, March 30th. They issued an “outperform” rating and a $33.00 target price for the company. Zacks Research upgraded CBIZ from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Barrington Research initiated coverage on CBIZ in a research note on Wednesday, June 24th. They set an “outperform” rating and a $45.00 price target for the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $42.00 price objective on shares of CBIZ in a report on Thursday, April 30th. Finally, Stephens set a $37.00 price objective on CBIZ in a research report on Friday, May 1st. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.