Shares of CBIZ, Inc. (NYSE:CBZ) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Zacks has also given CBIZ an industry rank of 54 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of CBIZ from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Friday, August 2nd.
Shares of CBZ traded down $0.11 on Monday, reaching $23.01. 40,017 shares of the company’s stock were exchanged, compared to its average volume of 244,476. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.41 and a quick ratio of 1.47. The stock has a market cap of $1.27 billion, a PE ratio of 21.11 and a beta of 0.35. The stock’s 50 day simple moving average is $21.31. CBIZ has a 12 month low of $18.64 and a 12 month high of $24.38.
CBIZ (NYSE:CBZ) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. The firm had revenue of $235.50 million during the quarter, compared to analysts’ expectations of $243.01 million. CBIZ had a net margin of 7.18% and a return on equity of 10.89%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 earnings per share. As a group, equities analysts forecast that CBIZ will post 1.22 EPS for the current fiscal year.
In other CBIZ news, insider Ware H. Grove sold 10,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $20.52, for a total transaction of $205,200.00. Following the sale, the insider now directly owns 273,096 shares of the company’s stock, valued at $5,603,929.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ware H. Grove sold 20,000 shares of the company’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $20.52, for a total transaction of $410,400.00. Following the sale, the insider now directly owns 283,096 shares in the company, valued at $5,809,129.92. The disclosure for this sale can be found here. Insiders have sold 57,000 shares of company stock worth $1,237,420 over the last ninety days. Insiders own 7.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of CBZ. O Shaughnessy Asset Management LLC raised its position in shares of CBIZ by 8.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 10,117 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 801 shares during the period. Quantamental Technologies LLC raised its position in shares of CBIZ by 40.9% in the first quarter. Quantamental Technologies LLC now owns 3,100 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 900 shares during the period. Alpha Windward LLC raised its position in shares of CBIZ by 4.0% in the second quarter. Alpha Windward LLC now owns 23,400 shares of the business services provider’s stock valued at $530,000 after purchasing an additional 900 shares during the period. Legal & General Group Plc raised its position in shares of CBIZ by 5.4% in the fourth quarter. Legal & General Group Plc now owns 22,127 shares of the business services provider’s stock valued at $436,000 after purchasing an additional 1,132 shares during the period. Finally, Swiss National Bank raised its position in shares of CBIZ by 1.4% in the second quarter. Swiss National Bank now owns 97,300 shares of the business services provider’s stock valued at $1,906,000 after purchasing an additional 1,300 shares during the period. 86.92% of the stock is currently owned by hedge funds and other institutional investors.
CBIZ, Inc provides professional business services, products, and solutions that help its clients in managing finances and employees. It offers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services group provides accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services.
Featured Story: Float
Get a free copy of the Zacks research report on CBIZ (CBZ)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CBIZ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBIZ and related companies with MarketBeat.com's FREE daily email newsletter.