Shares of CBIZ, Inc. (NYSE:CBZ – Get Free Report) have earned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $39.25.
A number of research firms have weighed in on CBZ. BMO Capital Markets began coverage on CBIZ in a research report on Monday, March 30th. They set an “outperform” rating and a $33.00 price target on the stock. Zacks Research upgraded CBIZ from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Weiss Ratings raised CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Barrington Research assumed coverage on CBIZ in a research note on Wednesday, June 24th. They issued an “outperform” rating and a $45.00 target price for the company. Finally, Stephens set a $37.00 price target on shares of CBIZ in a research report on Friday, May 1st.
View Our Latest Stock Analysis on CBZ
CBIZ Price Performance
CBIZ (NYSE:CBZ – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $2.50 earnings per share (EPS) for the quarter, topping 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 company had revenue of $848.58 million during the quarter, compared to the consensus estimate of $853.46 million. During the same period in the previous year, the firm posted $2.33 EPS. The firm’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. On average, analysts predict that CBIZ will post 4.07 EPS for the current fiscal year.
Hedge Funds Weigh In On CBIZ
A number of large investors have recently added to or reduced their stakes in CBZ. Balyasny Asset Management L.P. boosted its position in CBIZ by 4.9% during the second quarter. Balyasny Asset Management L.P. now owns 4,969 shares of the business services provider’s stock valued at $356,000 after buying an additional 230 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of CBIZ by 0.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,529 shares of the business services provider’s stock worth $2,117,000 after buying an additional 235 shares during the period. Chatham Capital Group Inc. increased its holdings in shares of CBIZ by 0.5% in the fourth quarter. Chatham Capital Group Inc. now owns 50,877 shares of the business services provider’s stock worth $2,567,000 after buying an additional 250 shares during the period. Corient Private Wealth LLC lifted its stake in shares of CBIZ by 4.4% in the 2nd quarter. Corient Private Wealth LLC now owns 9,747 shares of the business services provider’s stock valued at $694,000 after acquiring an additional 408 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of CBIZ by 10.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,540 shares of the business services provider’s stock valued at $122,000 after acquiring an additional 430 shares during the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.
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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