CBIZ (NYSE:CBZ) Sees Unusually-High Trading Volume – Still a Buy?

Shares of CBIZ, Inc. (NYSE:CBZ) saw unusually-high trading volume on Tuesday . Approximately 1,026,104 shares traded hands during mid-day trading, an increase of 60% from the previous session’s volume of 641,204 shares.The stock last traded at $37.36 and had previously closed at $38.41.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CBZ. Deutsche Bank Aktiengesellschaft started coverage on CBIZ in a report on Monday, January 12th. They set a “hold” rating and a $60.00 price target for the company. CJS Securities upgraded shares of CBIZ to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of CBIZ in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

CBIZ Stock Performance

The business’s fifty day moving average price is $50.82 and its 200-day moving average price is $56.64. The stock has a market cap of $2.16 billion, a PE ratio of 26.08 and a beta of 0.93. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.57 and a current ratio of 1.57.

CBIZ (NYSE:CBZ) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. CBIZ had a net margin of 3.89% and a return on equity of 14.00%. The company had revenue of $693.82 million for the quarter, compared to the consensus estimate of $709.18 million. During the same quarter in the prior year, the firm earned $0.93 earnings per share. The firm’s revenue for the quarter was up 58.1% compared to the same quarter last year. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. As a group, equities research analysts forecast that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Benaree Pratt Wiley sold 8,288 shares of CBIZ stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $49.54, for a total value of $410,587.52. Following the completion of the sale, the director owned 35,956 shares of the company’s stock, valued at $1,781,260.24. The trade was a 18.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brad S. Lakhia bought 2,060 shares of the stock in a transaction on Wednesday, November 26th. The stock was purchased at an average cost of $48.51 per share, for a total transaction of $99,930.60. Following the acquisition, the chief financial officer owned 40,584 shares of the company’s stock, valued at $1,968,729.84. This trade represents a 5.35% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 4.95% of the company’s stock.

Institutional Trading of CBIZ

Several large investors have recently added to or reduced their stakes in CBZ. Vista Finance LLC grew its position in shares of CBIZ by 4.0% during the 2nd quarter. Vista Finance LLC now owns 3,856 shares of the business services provider’s stock valued at $277,000 after acquiring an additional 150 shares during the period. PNC Financial Services Group Inc. grew its holdings in CBIZ by 5.0% during the third quarter. PNC Financial Services Group Inc. now owns 4,798 shares of the business services provider’s stock valued at $254,000 after purchasing an additional 227 shares during the period. Balyasny Asset Management L.P. increased its position in CBIZ by 4.9% in the second quarter. Balyasny Asset Management L.P. now owns 4,969 shares of the business services provider’s stock worth $356,000 after buying an additional 230 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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. Finally, Chatham Capital Group Inc. raised its stake 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. 87.44% of the stock is currently owned by 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.