CBIZ, Inc. $CBZ Shares Sold by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase cut its stake in CBIZ by 47% in Q3, selling 463,058 shares and finishing the quarter with 522,900 shares (about 0.96% of the company) worth roughly $27.7 million.
• CBIZ missed quarterly estimates, reporting ($0.70) EPS versus ($0.66) expected and revenue of $542.7M versus $578.0M expected, though revenue rose 17.9% year-over-year and the company set FY2026 guidance of $3.75–$3.85 EPS.
• Analyst sentiment is mixed — MarketBeat shows an average "Hold" rating with a $60 target — while the stock trades near $26.71 and the CFO recently bought 12,775 shares at $25.97, bringing his holdings to 148,480 shares.

JPMorgan Chase & Co. lessened its stake in CBIZ, Inc. (NYSE:CBZ - Free Report) by 47.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 522,900 shares of the business services provider's stock after selling 463,058 shares during the quarter. JPMorgan Chase & Co. owned about 0.96% of CBIZ worth $27,693,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of CBIZ by 6.2% during the first quarter. AQR Capital Management LLC now owns 11,725 shares of the business services provider's stock worth $889,000 after purchasing an additional 682 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in CBIZ by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,294 shares of the business services provider's stock valued at $2,222,000 after purchasing an additional 1,318 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in CBIZ by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,270 shares of the business services provider's stock worth $10,868,000 after buying an additional 7,676 shares during the period. Jane Street Group LLC increased its stake in CBIZ by 96.1% during the 1st quarter. Jane Street Group LLC now owns 41,240 shares of the business services provider's stock worth $3,128,000 after buying an additional 20,214 shares during the period. Finally, Swiss National Bank lifted its holdings in CBIZ by 12.1% in the 2nd quarter. Swiss National Bank now owns 98,100 shares of the business services provider's stock worth $7,035,000 after buying an additional 10,600 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CBZ shares. CJS Securities raised shares of CBIZ to a "strong-buy" rating in a research report on Thursday, December 11th. Weiss Ratings reiterated a "sell (d+)" rating on shares of CBIZ in a research note on Wednesday, January 21st. Zacks Research downgraded CBIZ from a "hold" rating to a "strong sell" rating in a report on Thursday, February 26th. 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 research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $60.00.

CBIZ Trading Down 1.1%

NYSE CBZ opened at $26.71 on Tuesday. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 0.51 and a beta of 0.95. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.22 and a quick ratio of 1.22. CBIZ, Inc. has a 12 month low of $25.44 and a 12 month high of $80.65. The company's fifty day moving average price is $33.94 and its two-hundred day moving average price is $46.31.

CBIZ (NYSE:CBZ - Get Free Report) last released its 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). The company had revenue of $542.66 million during the quarter, compared to the consensus estimate of $578.02 million. CBIZ had a return on equity of 12.23% and a net margin of 4.19%.CBIZ's revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.20) EPS. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. As a group, research analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Brad S. Lakhia acquired 12,775 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $25.97 per share, with a total value of $331,766.75. Following the completion of the acquisition, the chief financial officer directly owned 148,480 shares in the company, valued at $3,856,025.60. This represents a 9.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 4.95% of the company's stock.

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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