Clearline Capital LP Invests $1.19 Million in CBIZ, Inc. $CBZ

Clearline Capital LP purchased a new position in shares of CBIZ, Inc. (NYSE:CBZ) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 23,586 shares of the business services provider’s stock, valued at approximately $1,190,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Durable Capital Partners LP acquired a new stake in shares of CBIZ during the 3rd quarter worth approximately $207,872,000. 22C Capital LLC acquired a new stake in shares of CBIZ during the 4th quarter worth approximately $161,554,000. Bank of Montreal Can acquired a new stake in shares of CBIZ during the 4th quarter worth approximately $113,596,000. P2 Capital Partners LLC raised its position in shares of CBIZ by 3.3% during the 4th quarter. P2 Capital Partners LLC now owns 1,773,391 shares of the business services provider’s stock worth $89,468,000 after purchasing an additional 57,066 shares during the period. Finally, State Street Corp raised its position in shares of CBIZ by 4.6% during the 2nd quarter. State Street Corp now owns 1,210,801 shares of the business services provider’s stock worth $86,827,000 after purchasing an additional 53,099 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

CBIZ Stock Performance

Shares of CBZ stock opened at $33.00 on Thursday. The business has a 50 day simple moving average of $31.33 and a 200 day simple moving average of $36.63. 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 firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 0.63 and a beta of 0.99. CBIZ, Inc. has a 12-month low of $24.29 and a 12-month high of $77.91.

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

Analyst Ratings Changes

CBZ has been the subject of a number of recent analyst reports. Weiss Ratings raised CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Stephens set a $37.00 price objective on CBIZ in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $42.00 price objective on shares of CBIZ in a report on Thursday, April 30th. BMO Capital Markets initiated coverage on CBIZ in a report on Monday, March 30th. They issued an “outperform” rating and a $33.00 price objective for the company. Finally, Zacks Research raised CBIZ from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, CBIZ has a consensus rating of “Hold” and a consensus price target of $37.33.

CBIZ Company 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.