Allspring Global Investments Holdings LLC Buys 155,563 Shares of CBIZ, Inc. $CBZ

Allspring Global Investments Holdings LLC increased its stake in CBIZ, Inc. (NYSE:CBZ) by 18.9% in the 4th quarter, Holdings Channel reports. The fund owned 977,046 shares of the business services provider’s stock after buying an additional 155,563 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CBIZ were worth $49,634,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its position in CBIZ by 377.8% during 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 in the last quarter. Strategic Wealth Investment Group LLC bought a new stake in CBIZ during the second quarter worth about $37,000. Danske Bank A S purchased a new position in shares of CBIZ in the 3rd quarter worth about $42,000. EverSource Wealth Advisors LLC boosted its holdings in shares of CBIZ by 165.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock worth $52,000 after purchasing an additional 450 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of CBIZ during the 3rd quarter valued at about $53,000. Institutional investors own 87.44% of the company’s stock.

Insider Activity at CBIZ

In other news, CFO Brad S. Lakhia bought 12,775 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $25.97 per share, for a total transaction of $331,766.75. Following the completion of the acquisition, the chief financial officer owned 148,480 shares in the company, valued at approximately $3,856,025.60. This trade represents a 9.41% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 4.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CBZ. Deutsche Bank Aktiengesellschaft began coverage on CBIZ in a research report on Monday, January 12th. They issued a “hold” rating and a $60.00 target price for the company. Zacks Research upgraded shares of CBIZ from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Weiss Ratings reissued a “sell (d+)” rating on shares of CBIZ in a research note on Wednesday, January 21st. CJS Securities upgraded shares of CBIZ to a “strong-buy” rating in a report on Thursday, December 11th. Finally, BMO Capital Markets initiated coverage on shares of CBIZ in a research note on Monday. They issued an “outperform” rating and a $33.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $46.50.

CBIZ Stock Down 1.5%

Shares of NYSE CBZ opened at $26.44 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.79. CBIZ, Inc. has a 52 week low of $24.29 and a 52 week high of $80.65. The firm’s fifty day moving average is $30.65 and its 200 day moving average is $44.86. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 0.50 and a beta of 0.93.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Wednesday, February 25th. The business services provider reported ($0.70) earnings per share for the quarter, missing the consensus estimate of ($0.66) by ($0.04). The firm had revenue of $542.66 million for the quarter, compared to analysts’ expectations of $578.02 million. CBIZ had a net margin of 4.19% and a return on equity of 12.23%. The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.20) EPS. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. On average, equities research analysts expect that CBIZ, Inc. will post 2.65 earnings per share 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.