CBIZ (NYSE:CBZ) Sees Unusually-High Trading Volume – Still a Buy?

CBIZ, Inc. (NYSE:CBZ) saw an uptick in trading volume on Tuesday . 1,026,104 shares traded hands during mid-day trading, an increase of 60% from the previous session’s volume of 641,204 shares.The stock last traded at $37.36 and had previously closed at $38.41.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. CJS Securities upgraded shares of CBIZ to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of CBIZ in a research note on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on CBIZ in a report on Monday, January 12th. They issued a “hold” rating and a $60.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

CBIZ Trading Up 0.2%

The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $2.10 billion, a PE ratio of 25.40 and a beta of 0.93. The stock has a 50 day moving average price of $50.15 and a 200-day moving average price of $56.16.

CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. The company had revenue of $693.82 million during the quarter, compared to analysts’ expectations of $709.18 million. CBIZ had a return on equity of 14.00% and a net margin of 3.89%.CBIZ’s revenue for the quarter was up 58.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 earnings per share. Sell-side analysts expect that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Insider Activity at CBIZ

In other CBIZ news, CFO Brad S. Lakhia bought 2,060 shares of CBIZ stock in a transaction on Wednesday, November 26th. The stock was acquired at an average cost of $48.51 per share, with a total value of $99,930.60. Following the completion of the acquisition, the chief financial officer owned 40,584 shares in the company, valued at approximately $1,968,729.84. This represents a 5.35% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Benaree Pratt Wiley sold 8,288 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $49.54, for a total transaction of $410,587.52. Following the completion of the transaction, the director owned 35,956 shares in the company, valued at $1,781,260.24. The trade was a 18.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 4.95% of the company’s stock.

Institutional Trading of CBIZ

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Montrusco Bolton Investments Inc. purchased a new stake in CBIZ in the 2nd quarter worth $16,736,000. Y Intercept Hong Kong Ltd bought a new stake in shares of CBIZ in the third quarter worth about $3,895,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of CBIZ in the third quarter worth about $1,205,000. Norges Bank purchased a new stake in shares of CBIZ in the second quarter worth about $1,842,000. Finally, William Blair Investment Management LLC bought a new position in CBIZ during the second quarter valued at approximately $21,739,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

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.