22C Capital LLC Buys New Position in CBIZ, Inc. $CBZ

22C Capital LLC bought a new stake in shares of CBIZ, Inc. (NYSE:CBZ) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,202,267 shares of the business services provider’s stock, valued at approximately $161,554,000. CBIZ makes up approximately 100.0% of 22C Capital LLC’s portfolio, making the stock its biggest position. 22C Capital LLC owned approximately 0.06% of CBIZ as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Wealth Investment Group LLC bought a new position in shares of CBIZ during the second quarter valued at approximately $37,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 acquiring an additional 442 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of CBIZ by 165.4% during the second quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 450 shares in the last quarter. Danske Bank A S bought a new position in shares of CBIZ during the third quarter valued at approximately $42,000. Finally, Torren Management LLC bought a new position in shares of CBIZ during the fourth quarter valued at approximately $48,000. Institutional investors own 87.44% of the company’s stock.

CBIZ Price Performance

Shares of NYSE:CBZ opened at $33.00 on Thursday. CBIZ, Inc. has a 1-year low of $24.29 and a 1-year high of $77.91. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.63 and a quick ratio of 1.63. The business has a fifty day moving average price of $31.33 and a 200-day moving average price of $36.63. The company has a market capitalization of $1.77 billion, a PE ratio of 13.25, a PEG ratio of 0.63 and a beta of 0.99.

CBIZ (NYSE:CBZ) last issued its quarterly 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. CBIZ had a return on equity of 12.62% and a net margin of 5.57%.The firm had revenue of $848.58 million during the quarter, compared to the consensus estimate of $853.46 million. During the same period last year, the company earned $2.33 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. As a group, equities analysts expect that CBIZ, Inc. will post 4.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CBZ. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $42.00 price objective on shares of CBIZ in a report 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 objective for the company. Stephens set a $37.00 price objective on CBIZ in a report on Friday, May 1st. Zacks Research upgraded CBIZ from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Finally, Weiss Ratings upgraded CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.