Capital Research Global Investors Sells 65,633 Shares of CBIZ, Inc. $CBZ

Key Points

• Capital Research Global Investors sold 65,633 CBIZ shares (a 2.2% reduction), leaving it with 2,921,326 shares—about 5.37% of the company valued at roughly $154.7 million—and institutional ownership totals 87.44%.
• CBIZ's latest quarter missed estimates with EPS of ($0.70) vs. ($0.66) expected and revenue of $542.66M vs. $578.02M expected, though revenue was up 17.9% year-over-year and the company set FY2026 guidance of $3.75–$3.85 EPS.
• Analyst views are mixed: the consensus rating is "Hold" with an average price target of $60, while recent notes range from a CJS "Strong Buy" to a Zacks "Strong Sell."

Capital Research Global Investors decreased its holdings in CBIZ, Inc. (NYSE:CBZ - Free Report) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,921,326 shares of the business services provider's stock after selling 65,633 shares during the quarter. Capital Research Global Investors owned 5.37% of CBIZ worth $154,713,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Burgundy Asset Management Ltd. raised its position in CBIZ by 4.5% in the second quarter. Burgundy Asset Management Ltd. now owns 2,321,198 shares of the business services provider's stock worth $166,453,000 after acquiring an additional 100,932 shares during the period. Geode Capital Management LLC grew its position in shares of CBIZ by 8.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,224,142 shares of the business services provider's stock valued at $87,794,000 after acquiring an additional 96,505 shares during the period. State Street Corp grew 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 valued at $86,827,000 after acquiring an additional 53,099 shares during the period. JPMorgan Chase & Co. increased its stake in shares of 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 purchasing an additional 232,438 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in CBIZ by 9.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 821,483 shares of the business services provider's stock worth $45,288,000 after purchasing an additional 67,978 shares during the period. 87.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. CJS Securities upgraded CBIZ to a "strong-buy" rating in a research report on Thursday, December 11th. Zacks Research cut CBIZ from a "hold" rating to a "strong sell" rating in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of CBIZ in a research report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft began coverage on CBIZ in a research note on Monday, January 12th. They set a "hold" rating and a $60.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $60.00.

CBIZ Price Performance

Shares of NYSE:CBZ opened at $26.50 on Thursday. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 0.49 and a beta of 0.94. The firm has a fifty day moving average price of $38.22 and a 200 day moving average price of $48.53. CBIZ, Inc. has a fifty-two week low of $25.44 and a fifty-two week high of $80.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.22 and a current ratio of 1.22.

CBIZ (NYSE:CBZ - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The business services provider reported ($0.70) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.04). CBIZ had a return on equity of 12.23% and a net margin of 4.19%.The company had revenue of $542.66 million during the quarter, compared to analysts' expectations of $578.02 million. During the same quarter in the previous year, the firm earned ($0.20) EPS. The firm's revenue for the quarter was up 17.9% compared to the same quarter last year. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. As a group, sell-side analysts expect that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

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.

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