CBIZ, Inc. (NYSE:CBZ) Given Average Rating of “Hold” by Brokerages

CBIZ, Inc. (NYSE:CBZGet Free Report) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $37.3333.

Several research firms have recently commented on CBZ. Weiss Ratings raised CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $42.00 target price on shares of CBIZ in a research report on Thursday, April 30th. Stephens set a $37.00 target price on CBIZ in a research report on Friday, May 1st. Zacks Research raised CBIZ from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Finally, BMO Capital Markets began coverage on CBIZ in a research report on Monday, March 30th. They issued an “outperform” rating and a $33.00 target price on the stock.

Get Our Latest Report on CBZ

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Montrusco Bolton Investments Inc. grew its position in shares of CBIZ by 18.6% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 276,821 shares of the business services provider’s stock worth $14,660,000 after purchasing an additional 43,431 shares in the last quarter. CenterBook Partners LP acquired a new position in shares of CBIZ during the 3rd quarter worth approximately $5,212,000. Sunriver Management LLC acquired a new position in shares of CBIZ during the 3rd quarter worth approximately $31,605,000. Allspring Global Investments Holdings LLC grew its position in shares of CBIZ by 18.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 977,046 shares of the business services provider’s stock worth $49,634,000 after purchasing an additional 155,563 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of CBIZ during the 4th quarter worth approximately $35,653,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Trading Up 3.9%

Shares of NYSE:CBZ opened at $35.25 on Friday. CBIZ has a 12-month low of $24.29 and a 12-month high of $77.91. The stock has a market cap of $1.89 billion, a PE ratio of 14.16, a P/E/G ratio of 0.63 and a beta of 0.99. The business has a 50 day moving average of $30.98 and a 200-day moving average of $37.05. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.77.

CBIZ (NYSE:CBZGet Free Report) last posted its earnings results on Wednesday, April 29th. The business services provider reported $2.50 EPS for the quarter, beating the consensus estimate of $2.28 by $0.22. CBIZ had a return on equity of 12.62% and a net margin of 5.57%.The company had revenue of $848.58 million for the quarter, compared to the consensus estimate of $853.46 million. During the same quarter in the prior year, the business earned $2.33 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. As a group, equities research analysts forecast that CBIZ will post 4.07 earnings per share for the current year.

CBIZ Company Profile

(Get Free Report)

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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Analyst Recommendations for CBIZ (NYSE:CBZ)

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