Bleakley Financial Group LLC Makes New Investment in CBIZ, Inc. $CBZ

Bleakley Financial Group LLC bought a new position in CBIZ, Inc. (NYSE:CBZ) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 13,354 shares of the business services provider’s stock, valued at approximately $359,000.

Other large investors have also recently modified their holdings of the company. Balyasny Asset Management L.P. increased its position in shares of CBIZ by 4.9% during the second quarter. Balyasny Asset Management L.P. now owns 4,969 shares of the business services provider’s stock valued at $356,000 after buying an additional 230 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in CBIZ by 0.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,529 shares of the business services provider’s stock worth $2,117,000 after buying an additional 235 shares during the period. Chatham Capital Group Inc. boosted its position in CBIZ by 0.5% during the 4th quarter. Chatham Capital Group Inc. now owns 50,877 shares of the business services provider’s stock valued at $2,567,000 after acquiring an additional 250 shares in the last quarter. Corient Private Wealth LLC boosted its position in CBIZ by 4.4% during the 2nd quarter. Corient Private Wealth LLC now owns 9,747 shares of the business services provider’s stock valued at $694,000 after acquiring an additional 408 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its holdings 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 during the period. Institutional investors own 87.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Weiss Ratings raised CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Stephens set a $37.00 price target on CBIZ in a research report on Friday, May 1st. Barrington Research assumed coverage on CBIZ in a research note on Wednesday, June 24th. They issued an “outperform” rating and a $45.00 price target on the stock. Zacks Research upgraded CBIZ from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Finally, BMO Capital Markets assumed coverage on CBIZ in a research report on Monday, March 30th. They set an “outperform” rating and a $33.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $39.25.

CBIZ Price Performance

Shares of CBZ opened at $42.42 on Friday. CBIZ, Inc. has a fifty-two week low of $24.29 and a fifty-two week high of $77.91. The firm’s 50-day simple moving average is $33.57 and its two-hundred day simple moving average is $34.16. The stock has a market cap of $2.28 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 0.90 and a beta of 0.99. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.63 and a current ratio of 1.63.

CBIZ (NYSE:CBZ) last released its earnings results on Wednesday, April 29th. The business services provider reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.22. CBIZ had a net margin of 5.57% and a return on equity of 12.62%. The firm had revenue of $848.58 million during the quarter, compared to analyst estimates of $853.46 million. During the same period last year, the business earned $2.33 earnings per share. The business’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. Analysts anticipate that CBIZ, Inc. will post 4.07 earnings per share for the current fiscal year.

CBIZ 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.