CBIZ (NYSE:CBZ) Reaches New 1-Year Low – Here’s Why

Shares of CBIZ, Inc. (NYSE:CBZ) hit a new 52-week low on Friday . The stock traded as low as $50.47 and last traded at $51.1150, with a volume of 162685 shares trading hands. The stock had previously closed at $52.00.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CBZ shares. William Blair reaffirmed an “outperform” rating on shares of CBIZ in a research note on Friday, September 5th. Weiss Ratings downgraded CBIZ from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, CBIZ has an average rating of “Hold”.

CBIZ Stock Performance

The firm has a 50 day moving average price of $54.16 and a 200-day moving average price of $64.36. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market cap of $2.79 billion, a P/E ratio of 33.66 and a beta of 0.90.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.01 EPS for the quarter, beating the consensus estimate of $0.94 by $0.07. CBIZ had a return on equity of 14.02% and a net margin of 3.89%.The company had revenue of $693.82 million for the quarter, compared to the consensus estimate of $709.18 million. During the same quarter last year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 58.1% compared to the same quarter last year. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. On average, research analysts predict that CBIZ, Inc. will post 2.65 EPS for the current year.

Institutional Trading of CBIZ

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CBZ. Quarry LP bought a new position in CBIZ in the 1st quarter worth approximately $26,000. MAI Capital Management increased its position in CBIZ by 243.9% during the first quarter. MAI Capital Management now owns 423 shares of the business services provider’s stock worth $32,000 after acquiring an additional 300 shares during the period. Whittier Trust Co. acquired a new position in CBIZ during the 1st quarter valued at $34,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in CBIZ during the 2nd quarter valued at $35,000. Finally, Strategic Wealth Investment Group LLC bought a new stake in CBIZ in the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Company Profile

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.