CBIZ (NYSE:CBZ) Issues Quarterly Earnings Results, Beats Expectations By $0.19 EPS

CBIZ (NYSE:CBZ) issued its earnings results on Wednesday. The business services provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19, Zacks reports. CBIZ had a net margin of 5.57% and a return on equity of 12.62%.

CBIZ Stock Up 17.4%

NYSE CBZ traded up $8.11 on Wednesday, reaching $54.81. The stock had a trading volume of 10,332,477 shares, compared to its average volume of 1,080,777. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.77. CBIZ has a 1 year low of $24.29 and a 1 year high of $76.70. The business has a 50 day moving average price of $35.36 and a 200 day moving average price of $33.56. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 0.94 and a beta of 0.99.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CBZ shares. Barrington Research assumed coverage on CBIZ in a research report on Wednesday, June 24th. They set an “outperform” rating and a $45.00 price objective for the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $42.00 target price on shares of CBIZ in a report on Thursday, April 30th. Stephens set a $37.00 price target on shares of CBIZ in a report on Friday, May 1st. Finally, Weiss Ratings upgraded CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. One equities research 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.25.

CBIZ News Roundup

Here are the key news stories impacting CBIZ this week:

• Positive Sentiment: Grant Thornton Advisors will acquire CBIZ for $55 per share in cash, representing a substantial premium to CBZ’s pre-announcement trading level. The deal is expected to create the fifth-largest U.S. accounting and advisory firm and has prompted merger-arbitrage buying as investors price the stock closer to the offer value. Closing is expected in the fourth quarter of 2026, subject to shareholder, regulatory and other approvals. CBIZ shares soar after Grant Thornton acquisition
• Positive Sentiment: Second-quarter adjusted earnings were $0.91 per share, exceeding analyst estimates of roughly $0.72-$0.73. First-half results also showed revenue up 0.6%, net income up 4.1%, adjusted diluted EPS up 3.6%, and significantly improved operating and free cash flow. CBIZ second-quarter and first-half results

Institutional Investors Weigh In On CBIZ

Several large investors have recently made changes to their positions in the company. Corient Private Wealth LLC increased its holdings in CBIZ by 6.9% in the fourth quarter. Corient Private Wealth LLC now owns 6,368 shares of the business services provider’s stock worth $321,000 after buying an additional 410 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of CBIZ by 26.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,791 shares of the business services provider’s stock valued at $444,000 after purchasing an additional 1,825 shares during the last quarter. XTX Topco Ltd boosted its holdings in CBIZ by 694.2% in the fourth quarter. XTX Topco Ltd now owns 53,361 shares of the business services provider’s stock worth $2,692,000 after purchasing an additional 46,642 shares in the last quarter. Wellington Management Group LLP boosted its holdings in CBIZ by 21.4% in the fourth quarter. Wellington Management Group LLP now owns 440,510 shares of the business services provider’s stock worth $22,224,000 after purchasing an additional 77,583 shares in the last quarter. Finally, Twinbeech Capital LP acquired a new position in CBIZ during the fourth quarter worth $1,386,000. Institutional investors own 87.44% of the company’s stock.

About CBIZ

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.