Neuberger Berman Group Reduces Stake in CBIZ, Inc.

The investment firm sold over 100,000 shares of the business services provider in the third quarter.

Published on Mar. 9, 2026

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Neuberger Berman Group LLC reduced its holdings in CBIZ, Inc. (NYSE:CBZ) by 94.9% in the third quarter, according to a recent SEC filing. The firm now owns 5,580 shares of the business services provider's stock, down from 103,948 shares previously held.

Why it matters

The significant reduction in Neuberger Berman's CBIZ holdings suggests a shift in the investment firm's outlook on the company. As a major institutional investor, Neuberger Berman's portfolio moves can provide insights into market sentiment around CBIZ.

The details

According to the filing, Neuberger Berman Group sold 103,948 shares of CBIZ during the third quarter, leaving it with a position of just 5,580 shares valued at $296,000 as of the most recent reporting period.

  • Neuberger Berman Group reduced its CBIZ holdings in the third quarter of 2026.

The players

Neuberger Berman Group LLC

A global investment management firm that provides a range of equity, fixed income, private equity and hedge fund solutions to institutions and individuals.

CBIZ, Inc.

A leading provider of professional business services in the United States, offering accounting, tax, financial advisory and other consulting services to small and mid-market organizations.

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The takeaway

Neuberger Berman's significant reduction in its CBIZ holdings suggests the investment firm may have a more cautious outlook on the business services provider's prospects, which could signal broader market sentiment around the company.