SG Americas Securities LLC Sells 591,130 Shares of CBIZ, Inc. $CBZ

SG Americas Securities LLC reduced its stake in shares of CBIZ, Inc. (NYSE:CBZ) by 83.6% in the first quarter, HoldingsChannel.com reports. The firm owned 115,579 shares of the business services provider’s stock after selling 591,130 shares during the period. SG Americas Securities LLC’s holdings in CBIZ were worth $3,103,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CBZ. Sunriver Management LLC bought a new position in CBIZ during the 3rd quarter valued at $31,605,000. Allspring Global Investments Holdings LLC raised its holdings in shares of CBIZ by 18.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 977,046 shares of the business services provider’s stock valued at $49,634,000 after purchasing an additional 155,563 shares during the last quarter. Royce & Associates LP raised its holdings in shares of CBIZ by 389.3% in the fourth quarter. Royce & Associates LP now owns 659,140 shares of the business services provider’s stock valued at $33,254,000 after purchasing an additional 524,438 shares during the last quarter. Clearline Capital LP bought a new position in shares of CBIZ during the fourth quarter valued at about $1,190,000. Finally, Quantbot Technologies LP purchased a new position in CBIZ during the third quarter worth about $1,506,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CBZ has been the topic of several recent analyst reports. BMO Capital Markets assumed coverage on shares of CBIZ in a research report on Monday, March 30th. They set an “outperform” rating and a $33.00 target price on the stock. Stephens set a $37.00 target price on CBIZ in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $42.00 price target on shares of CBIZ in a report on Thursday, April 30th. Barrington Research began coverage on CBIZ in a research report on Wednesday, June 24th. They issued an “outperform” rating and a $45.00 price objective on the stock. Finally, Weiss Ratings upgraded CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, CBIZ currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.25.

CBIZ Price Performance

Shares of NYSE CBZ opened at $32.05 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.77. The stock has a fifty day simple moving average of $31.73 and a two-hundred day simple moving average of $35.37. CBIZ, Inc. has a 1-year low of $24.29 and a 1-year high of $77.91. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 12.87, a price-to-earnings-growth ratio of 0.68 and a beta of 0.99.

CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $2.50 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $853.46 million. During the same quarter in the prior year, the firm earned $2.33 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. Analysts anticipate that CBIZ, Inc. will post 4.07 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.