CBIZ (NYSE:CBZ) Announces Quarterly Earnings Results

CBIZ (NYSE:CBZ) posted its quarterly earnings results on Wednesday. The business services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19, Zacks reports. CBIZ had a net margin of 5.57% and a return on equity of 12.62%.

CBIZ Stock Performance

Shares of CBZ stock traded up $7.99 during trading on Wednesday, reaching $54.69. The company had a trading volume of 9,777,886 shares, compared to its average volume of 1,076,795. The firm’s 50 day simple moving average is $35.36 and its two-hundred day simple moving average is $33.56. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.63 and a quick ratio of 1.63. CBIZ has a one year low of $24.29 and a one year high of $76.70. The company has a market capitalization of $2.93 billion, a PE ratio of 21.98, a PEG ratio of 0.94 and a beta of 0.99.

Institutional Trading of CBIZ

A number of institutional investors and hedge funds have recently modified their holdings of the company. Durable Capital Partners LP acquired a new stake in shares of CBIZ in the third quarter valued at about $207,872,000. Bank of Montreal Can acquired a new position in shares of CBIZ during the 4th quarter worth about $113,596,000. Citadel Advisors LLC lifted its position in shares of CBIZ by 253.6% during the 3rd quarter. Citadel Advisors LLC now owns 623,060 shares of the business services provider’s stock worth $32,997,000 after purchasing an additional 446,876 shares during the last quarter. Sunriver Management LLC boosted its stake in CBIZ by 65.8% during the 4th quarter. Sunriver Management LLC now owns 989,349 shares of the business services provider’s stock valued at $49,913,000 after purchasing an additional 392,587 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in CBIZ by 106.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 635,434 shares of the business services provider’s stock valued at $32,058,000 after purchasing an additional 327,053 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about CBIZ

Here are the key news stories impacting CBIZ this week:

• Positive Sentiment: Grant Thornton Advisors agreed to acquire CBIZ in an all-cash transaction valued at approximately $5.0 billion, or $55 per share. The deal provides a clear near-term valuation and is expected to close in the fourth quarter of 2026, subject to shareholder, regulatory and other approvals. CBIZ to be acquired by Grant Thornton Advisors
• Positive Sentiment: The acquisition is being viewed as a major strategic transaction for the accounting and consulting sector and helped push CBZ toward the proposed cash consideration. Grant Thornton seals accounting sector’s largest takeover in a generation
• Positive Sentiment: CBIZ reported adjusted diluted EPS of $0.91, beating the $0.72 analyst consensus by $0.19. First-half revenue increased 0.6% to $1.53 billion, net income rose 4.1% to $171.4 million, and operating cash flow improved substantially. CBIZ Reports Second-Quarter and First-Half 2026 Financial Results
• Neutral Sentiment: CBIZ withdrew its 2026 financial guidance and suspended further updates because of the pending acquisition. The company also said it would not hold an earnings conference call or webcast.
• Negative Sentiment: Quarterly operating performance was weaker on a GAAP basis: revenue fell 0.2% to $682.2 million, net income declined 55.6% to $18.6 million, GAAP EPS dropped to $0.31 from $0.66, and adjusted EBITDA decreased 14.3%. CBIZ Q2 revenue dips to $682 million as net income falls
• Negative Sentiment: CBIZ disclosed an employee stock purchase plan rescission offer and plans to remediate internal-control issues related to inadvertent purchases, creating additional compliance uncertainty. CBIZ Announces ESPP Rescission Offer, Control Remediation Plans

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CBZ shares. Stephens set a $37.00 price target on CBIZ in a research note on Friday, May 1st. Weiss Ratings raised shares of CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Barrington Research began coverage on shares of CBIZ in a research note on Wednesday, June 24th. They issued an “outperform” rating and a $45.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $42.00 price target on shares of CBIZ in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.