CBIZ (NYSE:CBZ) Shares Gap Up – What’s Next?

CBIZ, Inc. (NYSE:CBZ)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $28.66, but opened at $29.75. CBIZ shares last traded at $30.7030, with a volume of 44,675 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CBZ shares. Weiss Ratings upgraded shares of CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. BMO Capital Markets began coverage on shares of CBIZ in a research report on Monday, March 30th. They set an “outperform” rating and a $33.00 price objective on the stock. Stephens set a $37.00 target price on shares of CBIZ in a research note on Friday, May 1st. Zacks Research raised shares of CBIZ from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Finally, Barrington Research assumed coverage on CBIZ in a research note on Wednesday. They issued an “outperform” rating and a $45.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.25.

CBIZ Trading Up 2.4%

The stock has a fifty day moving average of $31.59 and a 200 day moving average of $35.93. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market capitalization of $1.67 billion, a PE ratio of 12.50, a PEG ratio of 0.56 and a beta of 0.99.

CBIZ (NYSE:CBZ) last posted its quarterly 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 business had revenue of $848.58 million during the quarter, compared to the consensus estimate of $853.46 million. During the same period in the prior year, the company posted $2.33 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. As a group, sell-side analysts predict that CBIZ, Inc. will post 4.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CBIZ

Institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased its holdings in CBIZ by 377.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 442 shares during the last quarter. Strategic Wealth Investment Group LLC bought a new position in shares of CBIZ during the 2nd quarter valued at about $37,000. EverSource Wealth Advisors LLC grew its position in shares of CBIZ by 667.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,512 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 1,315 shares in the last quarter. Danske Bank A S purchased a new position in shares of CBIZ during the third quarter valued at about $42,000. Finally, Torren Management LLC bought a new stake in shares of CBIZ in the fourth quarter worth about $48,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

About CBIZ

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.