Montrusco Bolton Investments Inc. Grows Stock Position in CBIZ, Inc. $CBZ

Montrusco Bolton Investments Inc. boosted its holdings in CBIZ, Inc. (NYSE:CBZ) by 15.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 340,021 shares of the business services provider’s stock after acquiring an additional 44,900 shares during the period. Montrusco Bolton Investments Inc.’s holdings in CBIZ were worth $9,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Strategic Wealth Investment Group LLC acquired a new position in CBIZ during the second quarter worth about $37,000. Caitong International Asset Management Co. Ltd grew 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 valued at $30,000 after purchasing an additional 442 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of CBIZ by 165.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock worth $52,000 after purchasing an additional 450 shares in the last quarter. Danske Bank A S purchased a new position in shares of CBIZ during the 3rd quarter worth approximately $42,000. Finally, Torren Management LLC purchased a new position in shares of CBIZ during the 4th quarter worth approximately $48,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

CBIZ Price Performance

CBZ stock opened at $35.00 on Friday. The stock’s fifty day simple moving average is $31.97 and its 200-day simple moving average is $35.10. CBIZ, Inc. has a 52-week low of $24.29 and a 52-week high of $77.91. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 0.74 and a beta of 0.99. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.77.

CBIZ (NYSE:CBZ) last posted its quarterly earnings data 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. The company had revenue of $848.58 million during the quarter, compared to the consensus estimate of $853.46 million. CBIZ had a net margin of 5.57% and a return on equity of 12.62%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.33 EPS. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. Equities research analysts expect that CBIZ, Inc. will post 4.07 EPS 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.