CBIZ, Inc. $CBZ Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado trimmed its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 31.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 157,838 shares of the business services provider’s stock after selling 71,000 shares during the period. Public Employees Retirement Association of Colorado owned about 0.29% of CBIZ worth $7,963,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Durable Capital Partners LP purchased a new position in CBIZ during the third quarter worth $207,872,000. Bank of Montreal Can purchased a new stake in shares of CBIZ in the fourth quarter valued at $113,596,000. SG Americas Securities LLC purchased a new stake in shares of CBIZ in the fourth quarter valued at $35,653,000. Sunriver Management LLC acquired a new stake in shares of CBIZ during the third quarter valued at $31,605,000. Finally, Royce & Associates LP boosted its stake in shares of CBIZ by 389.3% during the fourth quarter. Royce & Associates LP now owns 659,140 shares of the business services provider’s stock valued at $33,254,000 after acquiring an additional 524,438 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CBZ. Stephens set a $37.00 price objective on CBIZ in a research report on Friday, May 1st. BMO Capital Markets assumed coverage on shares of CBIZ in a research note on Monday, March 30th. They set an “outperform” rating and a $33.00 price target on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $42.00 price target on shares of CBIZ in a report on Thursday, April 30th. Weiss Ratings raised shares of CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, Zacks Research raised shares of CBIZ from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, CBIZ presently has a consensus rating of “Hold” and an average target price of $37.33.

CBIZ Price Performance

Shares of NYSE:CBZ opened at $33.84 on Tuesday. The company has a market cap of $1.82 billion, a P/E ratio of 13.59, a P/E/G ratio of 0.65 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, Inc. has a 52 week low of $24.29 and a 52 week high of $77.91. The business has a fifty day simple moving average of $31.10 and a 200-day simple moving average of $36.85.

CBIZ (NYSE:CBZ) last released its earnings results on Wednesday, April 29th. The business services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.22. CBIZ had a return on equity of 12.62% and a net margin of 5.57%.The firm had revenue of $848.58 million for the quarter, compared to the consensus estimate of $853.46 million. During the same period in the prior year, the business posted $2.33 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. 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.

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.