Royce & Associates Trims Stake in CBIZ, Inc.

The investment firm reduced its holdings in the business services provider by nearly 36% in the third quarter.

Published on Mar. 5, 2026

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Royce & Associates LP, an investment management firm, trimmed its holdings in CBIZ, Inc. (NYSE:CBZ) by 35.9% in the third quarter of 2026. The fund previously owned 134,702 shares of the business services provider's stock, valued at $7,134,000, but sold 75,517 shares during the quarter.

Why it matters

This transaction represents a significant reduction in Royce & Associates' stake in CBIZ, a leading provider of professional business services in the United States. The move may signal a shift in the investment firm's outlook on the company or a rebalancing of its portfolio.

The details

According to a disclosure filed with the Securities and Exchange Commission, Royce & Associates reduced its position in CBIZ from 0.25% of the company's outstanding shares to 0.16%. The investment firm cited the sale of 75,517 shares during the third quarter as the reason for the decrease in its holdings.

  • Royce & Associates trimmed its CBIZ holdings in the third quarter of 2026.

The players

Royce & Associates LP

An investment management firm that previously held a 0.25% stake in CBIZ, Inc.

CBIZ, Inc.

A leading provider of professional business services in the United States, including accounting, tax preparation, and wealth management services.

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The takeaway

The reduction in Royce & Associates' stake in CBIZ may indicate a shift in the investment firm's outlook on the company or a broader portfolio rebalancing strategy. However, without further information, it's difficult to determine the specific reasons behind the move.