Anchor Capital Advisors LLC Makes New $990,000 Investment in CBIZ, Inc. $CBZ

Anchor Capital Advisors LLC bought a new position in shares of CBIZ, Inc. (NYSE:CBZ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,632 shares of the business services provider’s stock, valued at approximately $990,000.

A number of other large investors have also recently bought and sold shares of the business. Strategic Wealth Investment Group LLC acquired a new position in CBIZ in the 2nd quarter valued at about $37,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of CBIZ by 377.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider’s stock worth $30,000 after acquiring an additional 442 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake 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 worth $52,000 after buying an additional 450 shares during the last quarter. Danske Bank A S purchased a new stake in shares of CBIZ in the third quarter valued at about $42,000. Finally, Torren Management LLC acquired a new position in shares of CBIZ in the fourth quarter worth $48,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Weiss Ratings upgraded CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $42.00 price target on shares of CBIZ in a research note on Thursday, April 30th. BMO Capital Markets began coverage on CBIZ in a report on Monday, March 30th. They issued an “outperform” rating and a $33.00 price target for the company. Zacks Research raised shares of CBIZ from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Finally, Stephens set a $37.00 target price on CBIZ in a research report on Friday, May 1st. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat.com, CBIZ has an average rating of “Hold” and an average target price of $37.33.

CBIZ Trading Down 4.5%

NYSE:CBZ opened at $32.24 on Thursday. The company has a market cap of $1.73 billion, a PE ratio of 12.95, a P/E/G ratio of 0.63 and a beta of 0.99. The business’s 50 day moving average is $29.90 and its two-hundred day moving average is $37.77. 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.

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, beating the consensus estimate of $2.28 by $0.22. The firm 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 for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.33 earnings per share. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. On average, analysts predict that CBIZ, Inc. will post 4.07 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Brad S. Lakhia acquired 12,775 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of $25.97 per share, for a total transaction of $331,766.75. Following the transaction, the chief financial officer directly owned 148,480 shares in the company, valued at $3,856,025.60. This trade represents a 9.41% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.10% of the stock is currently owned by corporate insiders.

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.