$CBZ

Irenic Acquisition Corp. (IACQ) changed auditors from CBIZ to WithumSmith+Brown, effective September 2-3, 2026. The company disclosed a material weakness in its internal financial controls, but stated the change was not due to disagreements with CBIZ. Withum will audit the 2026 fiscal year and review Q3 2026 financials. CBIZ's reports did not contain adverse opinions, but noted substantial doubt about the company's going concern.

CBIZ, Inc. (NYSE:CBZ) rose 78.46% in four months after InvestingPro's Fair Value analysis identified it as undervalued. The stock traded at $30.50 on April 30, 2026, with a target of $48.98, reaching $54.43 by August 10. The company operates in the Industrials sector, providing business services. Grant Thornton later announced a $5 billion acquisition, validating the undervaluation thesis. InvestingPro's methodology combines multiple valuation approaches to estimate intrinsic value.

Grant Thornton will acquire CBIZ in an all-cash deal valued at $5bn, offering $55 per share, a 54% premium. The transaction, expected to close in Q4 2026, will create a top 5 US professional services firm. CBIZ's share price had fallen 40% over the prior year. The deal includes a go-shop period and shareholder protections. CBIZ's insurance segment will be spun off into a standalone company.

Zimbabwean equities fell on Tuesday as selling pressure returned. The ZSE All Share Index dropped 1.02% to 479.69 points and the Top 10 fell 1.11% to 486.07. Turnover was ZWG4.12m on 60 trades. Proplastics fell 14.55%, CBZ Holdings fell 3.84% after an 11.97% jump on Monday.

Zimbabwe equities rose on Monday. The ZSE All Share Index gained 1.89% to 484.61 points and the Top 10 rose 2.32% to 491.51. Financials led, with the Financials Index up 6.24% to 550.02. CBZ Holdings jumped 11.97% to 4,151.43 cents and ZSE Holdings rose 9.05% to 229 cents. Turnover was ZWG5.82m on 51 trades.

Zimbabwe equities rose on Friday. The ZSE All Share Index gained 1.33% to 1.33%, with turnover of ZWG16.13 million across 47 trades and market cap up to ZWG106.31 billion. Financials led, with the Financials Index up 4.70%. CBZ Holdings rose 9.04% to 3,707.51 cents and ZSE Holdings gained 13.51% to 210 cents. Tigere Property Fund rose 9.21%.

Zimbabwean equities fell on Thursday as selling pressure in large caps outweighed gains in some mid-cap, consumer, and REIT stocks. The ZSE All Share Index dropped 1.45% to 469.38 and the Top 10 fell 2.20% to 471.90. CBZ Holdings slid 15% to ZWG34.00, while Delta Corp rose 14.16% to 490 cents. Tigere REIT gained 1.44% to 109.5588 cents.

Eagle Nuclear Energy Corp. (NASDAQ: NUCL) said its Audit Committee, with Board approval, hired CBIZ CPAs P.C. as its independent registered public accounting firm. The company also reiterated progress on its Aurora uranium project and a Pre-Feasibility Study expected in late 2027, alongside SMR technology plans.

A Q2 earnings roundup compares professional services stocks. Concentrix (CNXC) reported $2.46B revenue (+1.9% YoY) in line, but missed next-quarter EPS guidance and slightly missed full-year revenue guidance; shares fell 1.2% to $24.92. CBIZ (CBZ) revenue was $682.2M, 2.3% below estimates, but EPS beat; shares rose 18.4% to $55.31. SS&C (SSNC) revenue was $1.70B (+10.3%), beating by 2.1%; shares rose 15.2% to $77.15.

Pitney Bowes (PBI) is considering strategic alternatives, including acquisitions, divestitures, partnerships, and a possible sale, as part of its long-term plan. Other deal items include Shell’s planned sale of its BG Cyprus unit to MOL for about $720 million, and acquisitions by Grant Thornton (CBIZ), Dentalcorp, and Sargento Foods. Deal terms were largely undisclosed.