CBIZ INC: BMO Begins Coverage with Outperform Rating and Sets Target Price at $33
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 30 2026
0mins
Should l Buy CBZ?
Source: moomoo
Coverage Rating: The article discusses the coverage rating of BMO, indicating it has been initiated without a performance rating.
Target Price: The target price set for BMO is $33.
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Analyst Views on CBZ
Wall Street analysts forecast CBZ stock price to rise
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 30.500
Low
60.00
Averages
60.00
High
60.00
Current: 30.500
Low
60.00
Averages
60.00
High
60.00
About CBZ
CBIZ, Inc. is a professional services advisor to middle-market businesses and organizations nationwide. It provides a range of accounting, tax, advisory, benefits, insurance, and technology services. It delivers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. Financial Services is comprised of traditional accounting services, tax return preparation, administrative services, financial and risk advisory, consulting, valuation, and IT services. Benefits and Insurance Services provides brokerage and consulting along lines of service which include group health benefits consulting and brokerage, property and casualty brokerage, retirement plan advisory, payroll, human capital management, actuarial, life insurance, and other services. National Practices provides managed networking and hardware services consisting of installation, maintenance and repair of computer hardware. It also maintains a cyber risk management program.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Report: CBIZ's adjusted earnings per share for Q1 2026 reached $2.50, exceeding analyst expectations of $2.27, indicating improved profitability; however, total revenue of $848.6 million fell short of the consensus estimate of $853.5 million, highlighting weak revenue growth.
- Market Reaction: Despite the earnings beat, investor concerns over the revenue miss dominated market sentiment, leading to a 9.4% drop in share price during the afternoon session, closing at $30.48, which is an 8.5% decline from the previous close, reflecting the market's heightened focus on top-line growth.
- Stock Volatility: CBIZ shares have experienced 21 moves greater than 5% over the past year, and today's decline is viewed as significant by the market, yet it does not fundamentally alter perceptions of the company's business, indicating cautious sentiment regarding future performance.
- Long-term Performance: Since the beginning of the year, CBIZ's stock has fallen 39.3%, currently trading at $30.83, which is 60.4% below its 52-week high of $77.81 from July 2025, demonstrating a lack of investor confidence in the company's growth prospects.
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- Earnings Beat: CBIZ's Q1 non-GAAP EPS of $2.50 exceeded expectations by $0.23, indicating strong profitability that may bolster investor confidence in the company's financial health.
- Revenue Miss: The revenue of $849 million, while showing a 1.3% year-over-year increase, fell short of expectations by $4.47 million, highlighting competitive pressures that could impact future growth strategies.
- Market Performance Analysis: In the small-cap industrial stock rankings, CBIZ lagged behind top-rated names like AXT and Chevron, suggesting relative weakness in its market position and the need for strategic adjustments to enhance competitiveness.
- Future Outlook: The company's business model and value proposition in the middle market professional services sector remain under scrutiny, necessitating improved marketing and client relationship management to capture greater market share and drive revenue growth.
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- Stake Increase: Waters Parkerson & Co. LLC increased its position in CBIZ by 85,796 shares in Q1 2026, with an estimated transaction value of $3.0 million, indicating confidence in the company's future despite a declining stock price.
- Market Cap and Revenue: CBIZ has a market cap of $1.8 billion and reported $2.8 billion in revenue over the past year, with a net income of $115.4 million, highlighting the challenges and opportunities the company faces post-acquisition.
- Acquisition Impact: Following the acquisition of Marcum LLP in November 2024, CBIZ saw a 52% year-over-year revenue increase in 2025, but organic growth was only 2%, reflecting productivity pressures during the integration process.
- Future Outlook: Management projects 2026 revenue between $2.8 billion and $2.9 billion, with adjusted EPS of $3.75 to $3.85, and expects free cash flow to rise significantly to $270 to $290 million, indicating a reduction in integration-related expenses.
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- Share Increase: Waters Parkerson added 85,796 shares of CBIZ in Q1 2026, with an estimated transaction value of $3.0 million, indicating confidence in the company's future potential.
- Value Change: This purchase raised the fund's total stake in CBIZ to 523,042 shares, valued at $14.0 million at quarter-end, down $8.0 million from the previous period, reflecting the impact of stock price fluctuations.
- Market Performance Analysis: Despite CBIZ's stock price declining over 50% in the past year, Waters Parkerson's decision to increase its position suggests confidence in the company's integration prospects, potentially signaling a successful contrarian investment strategy.
- Financial Outlook: CBIZ expects revenue between $2.8 billion and $2.9 billion for 2026, with adjusted EPS projected at $3.75 to $3.85, and despite facing integration challenges, management anticipates a significant increase in free cash flow to $270 to $290 million.
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- Market Rebound: The stock market saw a rebound in the afternoon session after major financial firms like BlackRock and Citigroup reported impressive earnings, with the S&P 500 steadily climbing toward an all-time high, indicating a restoration of investor confidence.
- Corporate Spending Recovery: As businesses shift focus from crisis management to long-term growth, there is a significant increase in demand for professional services, digital transformation consulting, and automated financial platforms, enabling these providers to capitalize on higher deal volumes and expanded service contracts, thus driving revenue growth.
- CBIZ Stock Volatility: CBIZ's shares have experienced 20 moves greater than 5% over the past year, with today's 5.2% increase suggesting that the market considers the latest news significant, although it does not fundamentally alter perceptions of the business, reflecting investor confidence in its strategic positioning.
- Long-term Investment Opportunity: With CBIZ down 40.1% since the beginning of the year and currently trading at $30.41, which is 61.7% below its 52-week high of $79.50, this presents an opportunity for investors to seek high-quality stocks amidst market volatility, especially given analysts' optimistic outlook on its future prospects.
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- Leadership Transition: CBIZ announced that Peter Scavuzzo will assume the role of Senior Vice President and Chief Information & Technology Officer on May 1, succeeding retiring John Fleischer, marking a significant shift in the company's technology leadership.
- Strategic Technology Integration: Scavuzzo will unify enterprise IT and the Business Transformation team, aiming to enhance alignment between technology investments and business goals, thereby driving long-term revenue growth and operational efficiency.
- Innovation Focus: As Chief Strategy Officer, Scavuzzo has led initiatives in enterprise transformation, innovation, and AI, showcasing his strong background in technology and business intelligence, which is expected to further enhance CBIZ's competitive edge in the market.
- Experienced Leadership: With over 25 years of industry experience, Scavuzzo previously served as Chief Information & Digital Officer at Marcum LLP, successfully managing over 50 M&A transactions, laying a solid foundation for CBIZ's future growth.
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