Zacks: CBIZ, Inc. (CBZ) Receives Average Recommendation of “Hold” from Brokerages

CBIZ, Inc. (NYSE:CBZ) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Zacks has also assigned CBIZ an industry rank of 220 out of 265 based on the ratings given to related companies.

Several equities analysts have issued reports on CBZ shares. Zacks Investment Research upgraded shares of CBIZ from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine cut shares of CBIZ from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

In other CBIZ news, Director Steven L. Gerard sold 9,899 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $15.00, for a total value of $148,485.00. Following the completion of the transaction, the director now directly owns 333,382 shares in the company, valued at approximately $5,000,730. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael P. Kouzelos sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $14.95, for a total transaction of $523,250.00. Following the completion of the transaction, the insider now owns 287,972 shares of the company’s stock, valued at $4,305,181.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 105,053 shares of company stock valued at $1,575,512. Corporate insiders own 6.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in CBZ. BNP Paribas Arbitrage SA increased its position in CBIZ by 147.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,637 shares of the business services provider’s stock valued at $145,000 after acquiring an additional 5,735 shares during the period. Ameriprise Financial Inc. increased its position in shares of CBIZ by 0.9% during the second quarter. Ameriprise Financial Inc. now owns 13,840 shares of the business services provider’s stock worth $208,000 after buying an additional 130 shares during the period. SG Americas Securities LLC acquired a new stake in shares of CBIZ during the third quarter worth $228,000. GSA Capital Partners LLP acquired a new stake in shares of CBIZ during the second quarter worth $272,000. Finally, Legal & General Group Plc increased its position in shares of CBIZ by 49.6% during the second quarter. Legal & General Group Plc now owns 18,360 shares of the business services provider’s stock worth $276,000 after buying an additional 6,091 shares during the period. Hedge funds and other institutional investors own 84.14% of the company’s stock.

CBIZ (NYSE:CBZ) opened at $16.05 on Thursday. The stock has a market cap of $861.16, a P/E ratio of 19.81 and a beta of 0.79. CBIZ has a 12-month low of $12.70 and a 12-month high of $17.25. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.39.

CBIZ (NYSE:CBZ) last released its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.04). The company had revenue of $207.70 million for the quarter, compared to analyst estimates of $212.66 million. CBIZ had a return on equity of 8.94% and a net margin of 5.34%. CBIZ’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.20 earnings per share. analysts anticipate that CBIZ will post 0.84 earnings per share for the current year.

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CBIZ Company Profile

CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.

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