GW&K Investment Management LLC Buys 21,603 Shares of CBIZ, Inc. $CBZ

GW&K Investment Management LLC raised its stake in CBIZ, Inc. (NYSE:CBZ) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 779,033 shares of the business services provider’s stock after purchasing an additional 21,603 shares during the period. GW&K Investment Management LLC owned approximately 1.43% of CBIZ worth $39,302,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its holdings in 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 valued at $30,000 after purchasing an additional 442 shares during the period. Strategic Wealth Investment Group LLC bought a new stake in CBIZ in the 2nd quarter valued at $37,000. Danske Bank A S bought a new stake in CBIZ in the 3rd quarter valued at $42,000. Torren Management LLC bought a new stake in CBIZ in the 4th quarter valued at $48,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in CBIZ by 165.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 450 shares during the period. 87.44% of the stock is owned by institutional investors.

CBIZ Stock Up 1.4%

Shares of CBZ opened at $34.20 on Thursday. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 0.63 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 12 month low of $24.29 and a 12 month high of $77.91. The company has a 50-day moving average price of $30.66 and a two-hundred day moving average price of $37.18.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.22. The firm had revenue of $848.58 million during the quarter, compared to analysts’ expectations of $853.46 million. CBIZ had a net margin of 5.57% and a return on equity of 12.62%. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.33 earnings per share. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. Equities analysts predict that CBIZ, Inc. will post 4.07 EPS for the current fiscal year.

Insider Buying and Selling at CBIZ

In other CBIZ news, CFO Brad S. Lakhia acquired 12,775 shares of the business’s stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $25.97 per share, for a total transaction of $331,766.75. Following the transaction, the chief financial officer owned 148,480 shares in the company, valued at $3,856,025.60. This trade represents a 9.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Zacks Research raised shares of CBIZ from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. BMO Capital Markets began coverage on CBIZ in a research report on Monday, March 30th. They set an “outperform” rating and a $33.00 price objective on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $42.00 price objective on shares of CBIZ in a research report on Thursday, April 30th. Weiss Ratings upgraded CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. 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, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $37.33.

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.