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

CBIZ, Inc. (NYSE:CBZ) has received a consensus recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $37.3333.

Several equities research analysts have weighed in on CBZ shares. Stephens set a $37.00 target price on CBIZ in a research note on Friday, May 1st. Weiss Ratings upgraded CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $42.00 target price on shares of CBIZ in a research note on Thursday, April 30th. BMO Capital Markets started coverage on CBIZ in a research note on Monday, March 30th. They set an “outperform” rating and a $33.00 target price for the company. Finally, Zacks Research upgraded CBIZ from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th.

Insider Activity at CBIZ

In other news, CFO Brad S. Lakhia purchased 12,775 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $25.97 per share, for a total transaction of $331,766.75. Following the purchase, the chief financial officer owned 148,480 shares of the company’s stock, valued at approximately $3,856,025.60. The trade was a 9.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of CBIZ by 5.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,798 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 227 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of CBIZ by 4.9% in the 2nd quarter. Balyasny Asset Management L.P. now owns 4,969 shares of the business services provider’s stock valued at $356,000 after acquiring an additional 230 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of CBIZ by 0.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,529 shares of the business services provider’s stock valued at $2,117,000 after acquiring an additional 235 shares during the last quarter. Chatham Capital Group Inc. lifted its stake in shares of CBIZ by 0.5% in the 4th quarter. Chatham Capital Group Inc. now owns 50,877 shares of the business services provider’s stock valued at $2,567,000 after acquiring an additional 250 shares during the last quarter. Finally, Huntington National Bank lifted its stake in shares of CBIZ by 13.2% in the 3rd quarter. Huntington National Bank now owns 2,521 shares of the business services provider’s stock valued at $134,000 after acquiring an additional 293 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

CBIZ Stock Up 0.0%

NYSE CBZ opened at $32.24 on Tuesday. The business has a fifty day moving average price of $29.01 and a two-hundred day moving average price of $38.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.63 and a quick ratio of 1.63. CBIZ has a fifty-two week low of $24.29 and a fifty-two week high of $77.91. The stock has a market capitalization of $1.73 billion, a PE ratio of 12.95, a PEG ratio of 0.60 and a beta of 0.97.

CBIZ (NYSE:CBZ) last released its earnings results on Wednesday, April 29th. The business services provider reported $2.50 earnings per share for the quarter, topping 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 firm had revenue of $848.58 million during the quarter, compared to analysts’ expectations of $853.46 million. During the same period in the prior year, the company earned $2.33 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. Equities analysts expect that CBIZ will post 4.07 earnings per share for the current fiscal year.

CBIZ Company Profile

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.