CBIZ, Inc. (NYSE:CBZ) Stock Has Consensus Target Price of $44.50 According to Analysts

Shares of CBIZ, Inc. (NYSE:CBZ – Get Free Report) have been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $44.50.

CBZ has been the subject of a number of analyst reports. Weiss Ratings upgraded CBIZ from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. US Capital Advisors set a $55.00 price objective on CBIZ in a research report on Thursday, July 30th. CJS Securities lowered CBIZ from a “market outperform” rating to a “market perform” rating and set a $55.00 price objective on the stock. in a research note on Thursday, July 30th. William Blair cut CBIZ from an “outperform” rating to a “market perform” rating in a report on Wednesday. Finally, Barrington Research downgraded CBIZ from an “outperform” rating to a “hold” rating in a research note on Wednesday, September 16th.

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Institutional Investors Weigh In On CBIZ

Several hedge funds and other institutional investors have recently bought and sold shares of CBZ. Integrated Wealth Concepts LLC acquired a new position in CBIZ in the 2nd quarter valued at about $69,000. Allworth Financial LP increased its holdings in shares of CBIZ by 184.7% during the 2nd quarter. Allworth Financial LP now owns 2,568 shares of the business services provider’s stock worth $82,000 after buying an additional 1,666 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of CBIZ by 6.6% during the 2nd quarter. Arizona State Retirement System now owns 14,369 shares of the business services provider’s stock worth $461,000 after buying an additional 891 shares during the last quarter. Nykredit A S purchased a new stake in shares of CBIZ during the 2nd quarter valued at approximately $55,000. Finally, Parkside Financial Bank & Trust raised its position in shares of CBIZ by 18.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,629 shares of the business services provider’s stock valued at $52,000 after buying an additional 252 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

CBIZ Stock Performance

NYSE:CBZ opened at $54.70 on Monday. The company has a market cap of $2.97 billion, a P/E ratio of 25.56, a P/E/G ratio of 1.31 and a beta of 0.92. CBIZ has a twelve month low of $24.29 and a twelve month high of $56.93. The company’s 50-day moving average price is $52.98 and its 200-day moving average price is $38.87. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.74.

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 the consensus estimate of $0.72 by $0.19. CBIZ had a net margin of 4.73% and a return on equity of 12.33%. The company had revenue of $682.21 million during the quarter, compared to analysts’ expectations of $697.96 million. During the same quarter in the prior year, the company earned $0.95 EPS. CBIZ’s revenue was down .2% compared to the same quarter last year. On average, sell-side analysts forecast that CBIZ will post 4.17 earnings per share for the current fiscal year.

About CBIZ

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CBIZ, Inc (NYSE: CBZ) is a diversified professional services company that provides accounting, tax, advisory, insurance brokerage, and employee benefits services to businesses, nonprofit organizations, government entities, and individuals. The company serves clients across a range of industries, including healthcare, construction, manufacturing, real estate, financial services, and professional services.

Its accounting and advisory offerings include audit and attest services, tax planning and compliance, financial reporting, valuation, transaction advisory, forensic accounting, and business consulting.

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