CBIZ, Inc. (NYSE:CBZ) Given Consensus Recommendation of “Hold” by Analysts

CBIZ, Inc. (NYSE:CBZ) has been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $44.50.

A number of analysts have recently issued reports on CBZ shares. US Capital Advisors set a $55.00 price objective on shares of CBIZ in a research note on Thursday, July 30th. CJS Securities downgraded shares of CBIZ from a “market outperform” rating to a “market perform” rating and set a $55.00 target price for the company. in a research note on Thursday, July 30th. Weiss Ratings raised shares of CBIZ from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Finally, Barrington Research initiated coverage on shares of CBIZ in a research note on Wednesday, June 24th. They set an “outperform” rating and a $45.00 price target on the stock.

Institutional Trading of CBIZ

A number of hedge funds and other institutional investors have recently modified their holdings of CBZ. Quantinno Capital Management LP boosted its holdings in CBIZ by 543.8% in the first quarter. Quantinno Capital Management LP now owns 175,005 shares of the business services provider’s stock valued at $4,699,000 after purchasing an additional 147,820 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in CBIZ by 17.8% during the 1st quarter. Bank of New York Mellon Corp now owns 166,787 shares of the business services provider’s stock worth $4,478,000 after purchasing an additional 25,214 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in shares of CBIZ in the 2nd quarter valued at approximately $1,142,000. Edgestream Partners L.P. purchased a new position in shares of CBIZ during the 1st quarter valued at approximately $3,611,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of CBIZ during the 2nd quarter valued at approximately $740,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

CBIZ Price Performance

CBZ stock opened at $54.48 on Thursday. The firm has a market cap of $2.96 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 1.14 and a beta of 0.92. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.47 and a current ratio of 1.47. CBIZ has a 1 year low of $24.29 and a 1 year high of $64.14. The stock has a 50-day simple moving average of $46.83 and a 200-day simple moving average of $35.77.

CBIZ (NYSE:CBZ) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.72 by $0.19. The firm had revenue of $682.21 million for the quarter, compared to analyst estimates of $697.96 million. CBIZ had a return on equity of 12.33% and a net margin of 4.73%.CBIZ’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 EPS. On average, equities analysts predict that CBIZ will post 4.1 earnings per share for the current fiscal year.

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.