Mawer Investment Management Ltd. Has $4.91 Million Position in CBIZ, Inc. $CBZ

Mawer Investment Management Ltd. cut its holdings in CBIZ, Inc. (NYSE:CBZ) by 24.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,223 shares of the business services provider’s stock after selling 30,731 shares during the quarter. Mawer Investment Management Ltd. owned about 0.18% of CBIZ worth $4,905,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Strategic Wealth Investment Group LLC bought a new stake in CBIZ in the second quarter worth $37,000. Caitong International Asset Management Co. Ltd lifted its position in shares of 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 worth $30,000 after buying an additional 442 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of CBIZ by 165.4% in the second quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock worth $52,000 after buying an additional 450 shares during the last quarter. Danske Bank A S bought a new stake in shares of CBIZ during the 3rd quarter worth about $42,000. Finally, Torren Management LLC acquired a new position in shares of CBIZ during the 4th quarter valued at about $48,000. 87.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other CBIZ news, CFO Brad S. Lakhia purchased 12,775 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were purchased at an average price of $25.97 per share, for a total transaction of $331,766.75. Following the completion of the purchase, the chief financial officer directly owned 148,480 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.10% of the stock is currently owned by company insiders.

CBIZ Stock Performance

NYSE CBZ opened at $34.61 on Tuesday. 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 $1.86 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 0.62 and a beta of 0.99. The company’s fifty day moving average is $29.65 and its two-hundred day moving average is $38.04. CBIZ, Inc. has a 52-week low of $24.29 and a 52-week high of $77.91.

CBIZ (NYSE:CBZ) last posted its quarterly 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. CBIZ had a return on equity of 12.62% and a net margin of 5.57%.The firm had revenue of $848.58 million during the quarter, compared to analysts’ expectations of $853.46 million. During the same quarter in the prior year, the firm posted $2.33 EPS. The company’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. Equities research analysts forecast that CBIZ, Inc. will post 4.07 EPS for the current year.

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.