Shares of CBIZ, Inc. (NYSE:CBZ – Get Free Report) have been given a consensus rating of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $44.50.
CBZ has been the topic of several recent research reports. Barrington Research lowered CBIZ from an “outperform” rating to a “hold” rating in a report on Wednesday, September 16th. US Capital Advisors set a $55.00 price objective on shares of CBIZ in a research note on Thursday, July 30th. William Blair cut shares of CBIZ from an “outperform” rating to a “market perform” rating in a report on Wednesday, September 23rd. Weiss Ratings raised shares of CBIZ from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. Finally, CJS Securities downgraded shares of CBIZ from a “market outperform” rating to a “market perform” rating and set a $55.00 target price for the company. in a research report on Thursday, July 30th.
CBIZ Stock Performance
Shares of CBIZ stock opened at $54.72 on Friday. The business has a 50-day moving average price of $54.68 and a two-hundred day moving average price of $41.69. CBIZ has a 1-year low of $24.29 and a 1-year high of $56.41. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.74. The company has a market cap of $2.97 billion, a P/E ratio of 25.57, a PEG ratio of 1.31 and a beta of 0.91.
CBIZ (NYSE:CBZ – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.19. The company had revenue of $682.21 million for the quarter, compared to the consensus estimate of $697.96 million. CBIZ had a return on equity of 12.33% and a net margin of 4.73%. The firm’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 EPS. As a group, analysts anticipate that CBIZ will post 4.17 EPS for the current year.
Institutional Trading of CBIZ
Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of CBIZ in the second quarter valued at approximately $159,495,000. 22C Capital LLC purchased a new position in shares of CBIZ during the fourth quarter valued at approximately $161,554,000. Basswood Capital Management L.L.C. bought a new stake in CBIZ during the second quarter worth $14,476,000. Montrusco Bolton Investments Inc. grew its holdings in CBIZ by 15.2% during the first quarter. Montrusco Bolton Investments Inc. now owns 340,021 shares of the business services provider’s stock worth $9,130,000 after buying an additional 44,900 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in CBIZ during the second quarter worth $7,194,000. 87.44% of the stock is owned by hedge funds and other institutional investors.
About CBIZ
CBIZ, Inc was a provider of accounting, tax, advisory, insurance brokerage and employee benefits services for businesses, individuals and public-sector organizations. Its offerings included audit and assurance, tax planning and compliance, financial and strategic consulting, risk management, commercial insurance, retirement plan services and employee benefit solutions.
Founded in 1996 and headquartered in Cleveland, Ohio, CBIZ grew through a combination of organic expansion and acquisitions.
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