CBIZ, Inc. (NYSE:CBZ) Receives Average Recommendation of “Strong Buy” from Brokerages

Shares of CBIZ, Inc. (NYSE:CBZ) have been assigned 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 assigned CBIZ an industry rank of 52 out of 255 based on the ratings given to its competitors.

Several research analysts have commented on CBZ shares. Zacks Investment Research lowered shares of CBIZ from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. ValuEngine lowered shares of CBIZ from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd.

NYSE:CBZ traded down $0.18 during midday trading on Monday, reaching $23.54. 186,600 shares of the stock traded hands, compared to its average volume of 211,277. The company has a fifty day moving average of $23.28 and a 200 day moving average of $21.32. CBIZ has a 12 month low of $18.64 and a 12 month high of $24.69. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market capitalization of $1.28 billion, a P/E ratio of 21.60 and a beta of 0.33.

CBIZ (NYSE:CBZ) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. CBIZ had a net margin of 7.18% and a return on equity of 10.89%. The company had revenue of $235.50 million during the quarter, compared to analyst estimates of $243.01 million. During the same period in the prior year, the business posted $0.23 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that CBIZ will post 1.22 EPS for the current fiscal year.

In other news, Director Benaree Pratt Wiley sold 1,600 shares of the company’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $23.15, for a total value of $37,040.00. Following the sale, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $185,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven L. Gerard sold 70,000 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $23.10, for a total transaction of $1,617,000.00. Following the completion of the sale, the director now directly owns 264,782 shares in the company, valued at $6,116,464.20. The disclosure for this sale can be found here. Insiders sold a total of 96,600 shares of company stock valued at $2,235,040 over the last 90 days. Company insiders own 7.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of CBIZ in the 2nd quarter worth about $37,000. US Bancorp DE purchased a new stake in shares of CBIZ in the 2nd quarter worth about $47,000. Point72 Hong Kong Ltd grew its position in shares of CBIZ by 4,600.0% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,632 shares of the business services provider’s stock worth $52,000 after buying an additional 2,576 shares during the period. SG Americas Securities LLC grew its position in shares of CBIZ by 21.2% in the 2nd quarter. SG Americas Securities LLC now owns 8,439 shares of the business services provider’s stock worth $165,000 after buying an additional 1,478 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its position in shares of CBIZ by 8.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,117 shares of the business services provider’s stock worth $204,000 after buying an additional 801 shares during the period. 87.07% of the stock is currently owned by hedge funds and other institutional investors.

CBIZ Company Profile

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.

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