CBIZ, Inc. (NYSE:CBZ) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of CBIZ, Inc. (NYSE:CBZ) have been given an average rating of “Hold” by the eight research firms that are presently covering the firm, Marketbeat reports. Seven 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 brokerages that have updated their coverage on the stock in the last year is $44.50.

Several equities analysts recently weighed in on the stock. CJS Securities cut 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 note on Thursday, July 30th. US Capital Advisors set a $55.00 price target on shares of CBIZ in a research report on Thursday, July 30th. Barrington Research lowered shares of CBIZ from an “outperform” rating to a “hold” rating in a research report on Wednesday, September 16th. Weiss Ratings upgraded shares of CBIZ from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, William Blair downgraded shares of CBIZ from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 23rd.

CBIZ Price Performance

CBZ stock opened at $54.98 on Tuesday. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 1.30 and a beta of 0.91. CBIZ has a twelve month low of $24.29 and a twelve month high of $55.85. The business has a 50 day moving average price of $54.76 and a two-hundred day moving average price of $40.49. The company has a quick ratio of 1.47, a current ratio of 1.50 and a debt-to-equity ratio of 0.71.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Monday, October 19th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.07). The company had revenue of $702.24 million for the quarter, compared to the consensus estimate of $727.08 million. CBIZ had a return on equity of 12.74% and a net margin of 5.33%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 EPS. Analysts anticipate that CBIZ will post 4.22 EPS for the current fiscal year.

Institutional Investors Weigh In On CBIZ

Hedge funds have recently bought and sold shares of the company. North Point Portfolio Managers Corp OH acquired a new stake in CBIZ in the 3rd quarter valued at about $27,000. Northwestern Mutual Wealth Management Co. acquired a new position in CBIZ during the second quarter worth approximately $27,000. Public Employees Retirement System of Ohio acquired a new position in CBIZ during the second quarter worth approximately $31,000. Montgomery Financial Services LLC acquired a new position in CBIZ during the second quarter worth approximately $48,000. Finally, EverSource Wealth Advisors LLC increased its position in CBIZ by 667.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,512 shares of the business services provider’s stock worth $41,000 after buying an additional 1,315 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

CBIZ Company Profile

CBIZ, Inc is a professional services company that provides financial, advisory, insurance and employee benefits services to businesses, individuals and organizations. Its offerings include accounting, tax preparation and planning, audit and assurance, and outsourced finance and business support.

The company also provides consulting and advisory services, including valuation, transaction support and risk management, alongside commercial insurance and employee benefits solutions. Through its benefits and insurance services, CBIZ helps employers manage workplace programs and coverage needs.

CBIZ serves clients across the United States through a network of offices.