CBIZ, Inc. (NYSE:CBZ – Get Free Report) has earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $37.3333.
A number of research analysts recently weighed in on CBZ shares. BMO Capital Markets started coverage on shares of CBIZ in a research note on Monday, March 30th. They issued an “outperform” rating and a $33.00 price objective for the company. Zacks Research upgraded shares of CBIZ from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Stephens set a $37.00 price objective on shares of CBIZ in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $42.00 price objective on shares of CBIZ in a research note on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th.
Get Our Latest Stock Analysis on CBIZ
CBIZ Trading Up 6.7%
CBIZ (NYSE:CBZ – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.22. CBIZ had a net margin of 5.57% and a return on equity of 12.62%. The business had revenue of $848.58 million during the quarter, compared to analyst estimates of $853.46 million. During the same period in the previous year, the business earned $2.33 EPS. CBIZ’s revenue was up 1.3% compared to the same quarter last year. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. Sell-side analysts expect that CBIZ will post 4.07 earnings per share for the current year.
Insiders Place Their Bets
In other CBIZ news, CFO Brad S. Lakhia acquired 12,775 shares of CBIZ stock in a transaction that occurred on Friday, March 13th. The stock was acquired at an average cost of $25.97 per share, for a total transaction of $331,766.75. Following the purchase, the chief financial officer owned 148,480 shares of the company’s stock, valued at approximately $3,856,025.60. This represents a 9.41% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.10% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Durable Capital Partners LP purchased a new position in shares of CBIZ during the 3rd quarter valued at $207,872,000. 22C Capital LLC purchased a new position in shares of CBIZ during the 4th quarter valued at $161,554,000. Bank of Montreal Can purchased a new position in shares of CBIZ during the 4th quarter valued at $113,596,000. SG Americas Securities LLC purchased a new position in shares of CBIZ during the 4th quarter valued at $35,653,000. Finally, Sunriver Management LLC purchased a new position in shares of CBIZ during the 3rd quarter valued at $31,605,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.
About CBIZ
CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.
Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.
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