Investment Advisor Takes New Position in Professional Services Stock, According to Latest SEC Filing

On May 6, 2026, GatePass Capital, LLC disclosed a new position in CBIZ (NYSE:CBZ), acquiring 98,163 shares in an estimated $3.46 million trade based on the quarterly average price.

What happened

According to a Securities and Exchange Commission (SEC) filing dated May 6, 2026, GatePass Capital, LLC initiated a new position in CBIZ, purchasing 98,163 shares. The estimated transaction value was approximately $3.46 million, calculated using the average unadjusted closing price for the first quarter of 2026. The quarter-end value of the position was $2.64 million, reflecting both trading activity and share price movement.

What else to know

This was a new position for GatePass Capital, LLC, representing 1.23% of its reportable assets under management as of March 31, 2026.

Top five holdings after the filing:

• CINF: $15.30 million (7.4% of AUM)
• SHV: $7.86 million (3.8% of AUM)
• SPY: $7.59 million (3.7% of AUM)
• MINT: $7.38 million (3.6% of AUM)
• STEW: $7.36 million (3.6% of AUM)

As of May 5, 2026, CBIZ shares were priced at $31.30, down 56.5% over the past year, and underperforming the S&P 500 by 85.0 percentage points.

Company overview

Metric	Value
Revenue (TTM)	$2.77 billion
Net income (TTM)	$154.28 million
Price (as of market close May 5, 2026)	$31.30
One-year price change	(56.5%)

Company snapshot

• Offers accounting, tax, financial advisory, valuation, risk consulting, employee benefits, payroll, insurance, and IT consulting services across three primary business segments.
• Generates revenue through a diversified service model, providing recurring and project-based solutions to businesses and individuals in financial, insurance, and advisory domains.
• Serves small and medium-sized businesses, individuals, governmental entities, and not-for-profit organizations in the United States and Canada.

CBIZ is a leading provider of professional services, leveraging a multi-segment platform to deliver financial, insurance, and advisory solutions. Its scale and breadth of offerings allow it to address a wide range of client needs, supporting organizations through complex regulatory and operational environments. CBIZ's diversified client base and recurring revenue streams provide resilience and growth opportunities within the specialty business services sector.

What this transaction means for investors

GatePass Capital, an Ohio-based investment advisor, recently disclosed the purchase of $2.6 million worth of CBIZ stock (CBZ) during the first quarter (the three months ending on March 31, 2026). Here are some key takeaways for investors.

To begin, CBIZ stock has struggled recently. Shares have declined in value by around 55% over the past year. The company delivered a disappointing first-quarter earnings report. Revenue came in below consensus analyst expectations, and management lowered guidance, citing demand uncertainty.

All that said, some investors may be intrigued by the stock’s newfound affordability. Shares now trade at a price-to-sales (P/S) ratio of around 0.7x. That’s far below the stock’s 10-year average P/S ratio of 1.5x, and it’s close to the 10-year low of 0.6x, recorded earlier this year.

In summary, CBIZ stock has come under pressure due to disappointing results and lowered guidance. However, value-minded investors may want to give the stock a closer look due to its low valuation.

Jake Lerch has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.