CBIZ, Inc. (NYSE:CBZ) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Zacks has also assigned CBIZ an industry rank of 163 out of 255 based on the ratings given to its competitors.
Several brokerages recently issued reports on CBZ. Zacks Investment Research raised shares of CBIZ from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd. William Blair initiated coverage on shares of CBIZ in a report on Monday, September 17th. They issued an “outperform” rating on the stock.
In other CBIZ news, insider Chris Spurio sold 35,841 shares of CBIZ stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $23.81, for a total value of $853,374.21. Following the transaction, the insider now directly owns 209,917 shares of the company’s stock, valued at $4,998,123.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ware H. Grove sold 20,000 shares of CBIZ stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $22.70, for a total transaction of $454,000.00. The disclosure for this sale can be found here. Insiders sold 102,841 shares of company stock worth $2,414,914 over the last ninety days. Corporate insiders own 7.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBZ. United Services Automobile Association lifted its stake in shares of CBIZ by 68.8% during the second quarter. United Services Automobile Association now owns 263,305 shares of the business services provider’s stock worth $6,056,000 after buying an additional 107,349 shares during the period. Northern Trust Corp lifted its stake in shares of CBIZ by 5.8% during the second quarter. Northern Trust Corp now owns 1,085,873 shares of the business services provider’s stock worth $24,974,000 after buying an additional 59,356 shares during the period. FMR LLC lifted its stake in shares of CBIZ by 49.4% during the second quarter. FMR LLC now owns 6,756,052 shares of the business services provider’s stock worth $155,389,000 after buying an additional 2,234,269 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of CBIZ by 1.0% during the second quarter. Bank of New York Mellon Corp now owns 379,650 shares of the business services provider’s stock worth $8,732,000 after buying an additional 3,870 shares during the period. Finally, California Public Employees Retirement System lifted its stake in shares of CBIZ by 14.6% during the second quarter. California Public Employees Retirement System now owns 125,611 shares of the business services provider’s stock worth $2,889,000 after buying an additional 15,990 shares during the period. 86.91% of the stock is currently owned by institutional investors and hedge funds.
CBZ stock traded down $0.01 during trading on Monday, hitting $22.46. 250,978 shares of the company’s stock traded hands, compared to its average volume of 215,921. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 25.82 and a beta of 0.61. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.31. CBIZ has a 1 year low of $14.35 and a 1 year high of $24.38.
CBIZ (NYSE:CBZ) last issued its quarterly earnings data on Thursday, August 2nd. The business services provider reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The company had revenue of $232.60 million for the quarter, compared to analyst estimates of $223.86 million. CBIZ had a net margin of 7.04% and a return on equity of 10.99%. CBIZ’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. Analysts anticipate that CBIZ will post 1.08 EPS for the current fiscal year.
CBIZ Company Profile
CBIZ, Inc, through its subsidiaries, provides professional business services, products, and solutions in the United States and Canada. It offers its services through three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services practice group provides accounting and tax compliance and consulting, litigation support, federal and state governmental healthcare compliance, valuation services, real estate consulting, and internal audit outsourcing services.
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