CBIZ (NYSE:CBZ) Trading Up 5.9% – Still a Buy?

CBIZ, Inc. (NYSE:CBZ) traded up 5.9% on Tuesday . The stock traded as high as $37.26 and last traded at $37.4610. Approximately 126,093 shares were traded during trading, a decline of 88% from the average session volume of 1,047,867 shares. The stock had previously closed at $35.36.

Wall Street Analyst Weigh In

CBZ has been the topic of several research reports. Stephens set a $37.00 target price on CBIZ in a research note on Friday, May 1st. Zacks Research upgraded CBIZ from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Weiss Ratings upgraded CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $42.00 price objective on shares of CBIZ in a report on Thursday, April 30th. Finally, Barrington Research assumed coverage on shares of CBIZ in a research report on Wednesday, June 24th. They set an “outperform” rating and a $45.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, CBIZ has an average rating of “Moderate Buy” and an average price target of $39.25.

CBIZ Trading Up 5.4%

The stock has a market cap of $2.00 billion, a PE ratio of 14.95, a P/E/G ratio of 0.74 and a beta of 0.99. The firm has a 50-day simple moving average of $32.08 and a 200-day simple moving average of $34.85. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.77.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.22. The company had revenue of $848.58 million during the quarter, compared to analysts’ expectations of $853.46 million. CBIZ had a return on equity of 12.62% and a net margin of 5.57%.The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.33 earnings per share. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. Equities analysts forecast that CBIZ, Inc. will post 4.07 earnings per share for the current year.

Institutional Trading of CBIZ

Several institutional investors and hedge funds have recently bought and sold shares of CBZ. Balyasny Asset Management L.P. increased its holdings in shares of CBIZ by 4.9% in the second quarter. Balyasny Asset Management L.P. now owns 4,969 shares of the business services provider’s stock worth $356,000 after purchasing an additional 230 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in CBIZ by 0.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,529 shares of the business services provider’s stock valued at $2,117,000 after buying an additional 235 shares during the period. Chatham Capital Group Inc. grew its position in CBIZ by 0.5% during the fourth quarter. Chatham Capital Group Inc. now owns 50,877 shares of the business services provider’s stock worth $2,567,000 after buying an additional 250 shares in the last quarter. Corient Private Wealth LLC grew its position in CBIZ by 4.4% during the second quarter. Corient Private Wealth LLC now owns 9,747 shares of the business services provider’s stock worth $694,000 after buying an additional 408 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in CBIZ by 10.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,540 shares of the business services provider’s stock worth $122,000 after acquiring an additional 430 shares during the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

CBIZ Company Profile

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.