Montrusco Bolton Investments Inc. Purchases 43,431 Shares of CBIZ, Inc. $CBZ

Montrusco Bolton Investments Inc. increased its position in shares of CBIZ, Inc. (NYSE:CBZ) by 18.6% during the third quarter, HoldingsChannel.com reports. The fund owned 276,821 shares of the business services provider’s stock after acquiring an additional 43,431 shares during the period. Montrusco Bolton Investments Inc.’s holdings in CBIZ were worth $14,660,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. WCM Investment Management LLC bought a new position in shares of CBIZ in the third quarter worth $15,011,000. JPMorgan Chase & Co. increased its stake in CBIZ by 30.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 985,958 shares of the business services provider’s stock worth $70,703,000 after acquiring an additional 232,438 shares during the last quarter. Alpha Wave Global LP increased its stake in CBIZ by 162.2% in the 2nd quarter. Alpha Wave Global LP now owns 232,021 shares of the business services provider’s stock worth $16,638,000 after acquiring an additional 143,526 shares during the last quarter. Mawer Investment Management Ltd. bought a new stake in shares of CBIZ during the 2nd quarter valued at about $9,227,000. Finally, Handelsbanken Fonder AB grew its holdings in shares of CBIZ by 33.1% during the second quarter. Handelsbanken Fonder AB now owns 462,000 shares of the business services provider’s stock worth $33,130,000 after purchasing an additional 115,000 shares in the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CBZ has been the topic of a number of recent analyst reports. CJS Securities raised shares of CBIZ to a “strong-buy” rating in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CBIZ in a research report on Monday, January 12th. They set a “hold” rating and a $60.00 price objective on the stock. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of CBIZ in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Insider Buying and Selling at CBIZ

In related news, Director Benaree Pratt Wiley sold 8,288 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $49.54, for a total transaction of $410,587.52. Following the completion of the sale, the director directly owned 35,956 shares in the company, valued at $1,781,260.24. This represents a 18.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 4.95% of the company’s stock.

CBIZ Trading Down 2.3%

Shares of CBZ opened at $27.14 on Thursday. CBIZ, Inc. has a fifty-two week low of $26.97 and a fifty-two week high of $90.13. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 17.86 and a beta of 0.92. The firm has a 50 day moving average price of $42.93 and a 200-day moving average price of $50.98. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.57 and a current ratio of 1.57.

CBIZ (NYSE:CBZ) last posted its quarterly earnings results on Wednesday, February 25th. The business services provider reported ($0.70) earnings per share for the quarter, missing the consensus estimate of ($0.66) by ($0.04). CBIZ had a return on equity of 14.00% and a net margin of 3.89%.The business had revenue of $542.66 million during the quarter, compared to the consensus estimate of $578.02 million. During the same period in the prior year, the firm earned ($0.20) earnings per share. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. As a group, equities research analysts forecast that CBIZ, Inc. will post 2.65 earnings per share for the current 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.