Bancreek Capital Management LP Sells 61,858 Shares of CBIZ, Inc. $CBZ

Bancreek Capital Management LP lessened its holdings in CBIZ, Inc. (NYSE:CBZ) by 86.5% during the fourth quarter, HoldingsChannel reports. The firm owned 9,647 shares of the business services provider’s stock after selling 61,858 shares during the quarter. CBIZ accounts for 2.0% of Bancreek Capital Management LP’s holdings, making the stock its 16th largest position. Bancreek Capital Management LP’s holdings in CBIZ were worth $487,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Durable Capital Partners LP bought a new position in CBIZ in the third quarter valued at about $207,872,000. SG Americas Securities LLC bought a new position in shares of CBIZ in the fourth quarter worth about $35,653,000. Sunriver Management LLC bought a new position in shares of CBIZ in the third quarter worth about $31,605,000. Royce & Associates LP boosted its stake in shares of CBIZ by 389.3% in the 4th quarter. Royce & Associates LP now owns 659,140 shares of the business services provider’s stock valued at $33,254,000 after purchasing an additional 524,438 shares in the last quarter. Finally, Citadel Advisors LLC boosted its stake in shares of CBIZ by 253.6% in the 3rd quarter. Citadel Advisors LLC now owns 623,060 shares of the business services provider’s stock valued at $32,997,000 after purchasing an additional 446,876 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Brad S. Lakhia bought 12,775 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of $25.97 per share, with a total value of $331,766.75. Following the transaction, the chief financial officer directly owned 148,480 shares in the company, valued at approximately $3,856,025.60. This trade represents a 9.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CBZ shares. BMO Capital Markets started coverage on shares of CBIZ in a research report on Monday, March 30th. They set an “outperform” rating and a $33.00 price objective 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $42.00 target price on shares of CBIZ in a research note on Thursday, April 30th. Weiss Ratings upgraded CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Stephens set a $37.00 price objective on CBIZ in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, CBIZ has a consensus rating of “Hold” and an average target price of $37.33.

CBIZ Trading Down 4.5%

CBZ opened at $32.24 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.63 and a quick ratio of 1.63. CBIZ, Inc. has a fifty-two week low of $24.29 and a fifty-two week high of $77.91. The company’s 50 day moving average price is $29.90 and its two-hundred day moving average price is $37.77. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 0.63 and a beta of 0.99.

CBIZ (NYSE:CBZ) last released its quarterly 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. The firm had revenue of $848.58 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned $2.33 earnings per share. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. As a group, research analysts predict that CBIZ, Inc. will post 4.07 earnings per share for the current 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.