CBIZ Appoints Peter Scavuzzo as Senior VP and CTO
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy CBZ?
Source: Newsfilter
- 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.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy CBZ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
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: 30.350
Low
60.00
Averages
60.00
High
60.00
Current: 30.350
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.
Strong Earnings from Financial Firms Propel Stock Market Gains
- 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.
See More
CBIZ Appoints Peter Scavuzzo as Senior VP and CTO
- 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.
See More
Latest Wall Street Rating Updates
- UBS Upgrade: UBS upgrades Adecoagro from Neutral to Buy, raising the price target from $8 to $16.2, indicating the company is poised to benefit from the ongoing Middle East conflict, which is expected to enhance its financial performance.
- HSBC Bullish on Carnival: HSBC upgrades Carnival from Hold to Buy, asserting that the current share price undervalues the resilience of experience-led demand, which is likely to improve the company's market performance in the near future.
- Morgan Stanley Reiterates Meta: Morgan Stanley lowers its price target for Meta from $825 to $775 but maintains it as a top investment idea, suggesting that market sentiment has bottomed out, making it an opportune time to buy.
- Deutsche Bank Upgrades Colgate: Deutsche Bank upgrades Colgate-Palmolive from Hold to Buy, highlighting the company's core business as having long-term investment value and the ability to weather current market volatility effectively.
See More
CBIZ INC: BMO Begins Coverage with Outperform Rating and Sets Target Price at $33
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.
See More
CBIZ Director Sells 17,956 Shares Indirectly
- Indirect Sale Details: On March 10, 2026, CBIZ Director Benaree Pratt Wiley indirectly sold 17,956 shares through a trust for approximately $474,000, representing 45.70% of her total pre-transaction holdings, indicating a significant reduction in her stake.
- Holding Structure Analysis: The transaction was entirely trust-based, leaving Wiley's direct holdings unaffected, as she retains 3,336 direct shares and 18,000 indirect shares, suggesting her long-term investment strategy in CBIZ remains intact.
- Market Reaction and Context: With CBIZ shares down over 60% in the past year, this sale could be interpreted as a defensive move; however, the transaction's structure and Wiley's gradual reduction trajectory may exaggerate market reactions.
- Investor Advisory: Before investing in CBIZ, investors should note that The Motley Fool's analyst team has identified other 10 stocks for potential investment, excluding CBIZ, reflecting a cautious outlook on its future performance.
See More
CBIZ Director Sells 17,956 Shares Amid Declining Stock Price
- Director Selling Details: On March 10, 2026, CBIZ Director Benaree Pratt Wiley sold 17,956 shares indirectly for approximately $474,000, representing 45.7% of her total holdings, which is significantly higher than historical medians of 12.2% to 17.42%.
- Holding Structure Analysis: The transaction was conducted entirely through a trust, leaving Wiley's direct holdings unchanged at 3,336 shares, indicating that her direct investment in CBIZ remains unaffected and suggesting that the sale was primarily for trust management purposes.
- Future Holding Outlook: After the sale, Wiley retains 21,336 shares of CBIZ, valued at approximately $560,000, and despite the significant reduction in her holding percentage, her total ownership still represents about 0.04% of the company's outstanding shares.
- Market Reaction and Investor Interpretation: With CBIZ shares down over 60% in the past year, this insider sale could be perceived as a defensive move; however, due to the transaction's structure and Wiley's long-term selling trend, investors should interpret this cautiously and avoid overreacting.
See More
Strong Earnings from Financial Firms Propel Stock Market Gains
- 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.
See More
CBIZ Appoints Peter Scavuzzo as Senior VP and CTO
- 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.
See More
Latest Wall Street Rating Updates
- UBS Upgrade: UBS upgrades Adecoagro from Neutral to Buy, raising the price target from $8 to $16.2, indicating the company is poised to benefit from the ongoing Middle East conflict, which is expected to enhance its financial performance.
- HSBC Bullish on Carnival: HSBC upgrades Carnival from Hold to Buy, asserting that the current share price undervalues the resilience of experience-led demand, which is likely to improve the company's market performance in the near future.
- Morgan Stanley Reiterates Meta: Morgan Stanley lowers its price target for Meta from $825 to $775 but maintains it as a top investment idea, suggesting that market sentiment has bottomed out, making it an opportune time to buy.
- Deutsche Bank Upgrades Colgate: Deutsche Bank upgrades Colgate-Palmolive from Hold to Buy, highlighting the company's core business as having long-term investment value and the ability to weather current market volatility effectively.
See More
CBIZ INC: BMO Begins Coverage with Outperform Rating and Sets Target Price at $33
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.
See More
CBIZ Director Sells 17,956 Shares Indirectly
- Indirect Sale Details: On March 10, 2026, CBIZ Director Benaree Pratt Wiley indirectly sold 17,956 shares through a trust for approximately $474,000, representing 45.70% of her total pre-transaction holdings, indicating a significant reduction in her stake.
- Holding Structure Analysis: The transaction was entirely trust-based, leaving Wiley's direct holdings unaffected, as she retains 3,336 direct shares and 18,000 indirect shares, suggesting her long-term investment strategy in CBIZ remains intact.
- Market Reaction and Context: With CBIZ shares down over 60% in the past year, this sale could be interpreted as a defensive move; however, the transaction's structure and Wiley's gradual reduction trajectory may exaggerate market reactions.
- Investor Advisory: Before investing in CBIZ, investors should note that The Motley Fool's analyst team has identified other 10 stocks for potential investment, excluding CBIZ, reflecting a cautious outlook on its future performance.
See More
CBIZ Director Sells 17,956 Shares Amid Declining Stock Price
- Director Selling Details: On March 10, 2026, CBIZ Director Benaree Pratt Wiley sold 17,956 shares indirectly for approximately $474,000, representing 45.7% of her total holdings, which is significantly higher than historical medians of 12.2% to 17.42%.
- Holding Structure Analysis: The transaction was conducted entirely through a trust, leaving Wiley's direct holdings unchanged at 3,336 shares, indicating that her direct investment in CBIZ remains unaffected and suggesting that the sale was primarily for trust management purposes.
- Future Holding Outlook: After the sale, Wiley retains 21,336 shares of CBIZ, valued at approximately $560,000, and despite the significant reduction in her holding percentage, her total ownership still represents about 0.04% of the company's outstanding shares.
- Market Reaction and Investor Interpretation: With CBIZ shares down over 60% in the past year, this insider sale could be perceived as a defensive move; however, due to the transaction's structure and Wiley's long-term selling trend, investors should interpret this cautiously and avoid overreacting.
See More
