CBIZ, Inc. $CBZ Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 31.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 157,838 shares of the business services provider’s stock after selling 71,000 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in CBIZ were worth $7,963,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CBZ. Caitong International Asset Management Co. Ltd boosted its holdings in CBIZ by 377.8% in 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 during the last quarter. Strategic Wealth Investment Group LLC acquired a new stake in CBIZ during the second quarter worth about $37,000. Danske Bank A S acquired a new stake in CBIZ during the third quarter worth about $42,000. Torren Management LLC purchased a new position in shares of CBIZ in the 4th quarter worth about $48,000. Finally, EverSource Wealth Advisors LLC raised its holdings 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 purchasing an additional 450 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CBZ has been the subject of a number of research reports. BMO Capital Markets assumed coverage on CBIZ in a report on Monday, March 30th. They set an “outperform” rating and a $33.00 target price for the company. Stephens set a $37.00 price target on shares of CBIZ in a report on Friday, May 1st. Weiss Ratings raised shares of CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Zacks Research upgraded shares of CBIZ from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $42.00 price objective 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 assigned a Sell rating to the stock. Based on data from MarketBeat, CBIZ has an average rating of “Hold” and a consensus target price of $37.33.

CBIZ Price Performance

Shares of NYSE CBZ opened at $33.84 on Tuesday. CBIZ, Inc. has a 1-year low of $24.29 and a 1-year high of $77.91. The business has a 50-day moving average of $31.10 and a 200-day moving average of $36.85. 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 company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 0.65 and a beta of 0.99.

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