Barrington Research Begins Coverage on CBIZ (NYSE:CBZ)

Equities researchers at Barrington Research initiated coverage on shares of CBIZ (NYSE:CBZ) in a research report issued on Wednesday. The firm set an “outperform” rating and a $45.00 price target on the business services provider’s stock. Barrington Research’s target price would indicate a potential upside of 47.83% from the stock’s previous close.

A number of other analysts also recently commented on the stock. BMO Capital Markets assumed coverage on shares of CBIZ in a research report on Monday, March 30th. They set an “outperform” rating and a $33.00 price target on the stock. Zacks Research raised CBIZ from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Stephens set a $37.00 price objective on shares of CBIZ in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $42.00 price target on shares of CBIZ in a report on Thursday, April 30th. Finally, Weiss Ratings raised CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $39.25.

CBIZ Price Performance

CBZ opened at $30.44 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.77. The company’s 50-day moving average price is $31.55 and its 200 day moving average price is $36.09. CBIZ has a fifty-two week low of $24.29 and a fifty-two week high of $77.91. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 0.53 and a beta of 0.99.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $2.50 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $853.46 million. During the same quarter last year, the business posted $2.33 EPS. The business’s revenue was up 1.3% on a year-over-year basis. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. As a group, sell-side analysts expect that CBIZ will post 4.07 earnings per share for the current year.

Hedge Funds Weigh In On CBIZ

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Durable Capital Partners LP bought a new position in CBIZ during the third quarter worth about $207,872,000. 22C Capital LLC acquired a new stake in CBIZ in the fourth quarter worth about $161,554,000. Bank of Montreal Can acquired a new stake in CBIZ during the 4th quarter worth $113,596,000. P2 Capital Partners LLC increased its stake in shares of CBIZ by 3.3% in the 4th quarter. P2 Capital Partners LLC now owns 1,773,391 shares of the business services provider’s stock valued at $89,468,000 after acquiring an additional 57,066 shares during the last quarter. Finally, State Street Corp increased its position in shares of CBIZ by 4.6% in the 2nd quarter. State Street Corp now owns 1,210,801 shares of the business services provider’s stock valued at $86,827,000 after buying an additional 53,099 shares in the last quarter. 87.44% of the stock is currently owned by 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.