CenterBook Partners LP Sells 66,557 Shares of CBIZ, Inc. $CBZ

CenterBook Partners LP decreased its holdings in shares of CBIZ, Inc. (NYSE:CBZ) by 67.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,849 shares of the business services provider’s stock after selling 66,557 shares during the period. CenterBook Partners LP owned 0.06% of CBIZ worth $1,607,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CBZ. Caitong International Asset Management Co. Ltd raised its position in 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 valued at $30,000 after purchasing an additional 442 shares during the last quarter. Strategic Wealth Investment Group LLC bought a new position in shares of CBIZ in the 2nd quarter worth approximately $37,000. Danske Bank A S bought a new position in shares of CBIZ in the 3rd quarter worth approximately $42,000. Torren Management LLC bought a new position in shares of CBIZ in the 4th quarter worth approximately $48,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of CBIZ by 165.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock worth $52,000 after acquiring an additional 450 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 acquired 12,775 shares of CBIZ stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price 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 represents a 9.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.10% of the stock is currently owned by company insiders.

CBIZ Stock Up 0.5%

CBZ stock opened at $33.74 on Wednesday. CBIZ, Inc. has a twelve month low of $24.29 and a twelve month high of $77.91. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1.81 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 0.62 and a beta of 0.99. The business has a 50 day moving average of $30.51 and a 200 day moving average of $37.30.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CBZ shares. Zacks Research raised CBIZ from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. 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 target price on CBIZ in a research report on Friday, May 1st. BMO Capital Markets started coverage on CBIZ in a research report on Monday, March 30th. They issued an “outperform” rating and a $33.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $42.00 target price on shares of CBIZ in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $37.33.

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.