CBIZ (NYSE:CBZ) Cut to Sell at StockNews.com

CBIZ (NYSE:CBZ) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Separately, Sidoti upgraded CBIZ from a “neutral” rating to a “buy” rating and raised their target price for the company from $80.00 to $86.00 in a research note on Monday, August 12th.

CBIZ Stock Up 0.1 %

Shares of CBIZ stock opened at $77.07 on Wednesday. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 32.66 and a beta of 0.91. The stock’s 50-day moving average is $69.24 and its 200 day moving average is $72.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. CBIZ has a one year low of $57.01 and a one year high of $86.36.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The company had revenue of $438.90 million during the quarter, compared to the consensus estimate of $440.16 million. During the same quarter last year, the firm posted $0.66 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Equities research analysts anticipate that CBIZ will post 2.65 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of CBIZ by 36.3% in the first quarter. Vanguard Group Inc. now owns 3,705,090 shares of the business services provider’s stock worth $290,850,000 after purchasing an additional 986,774 shares during the last quarter. Capital Research Global Investors lifted its stake in CBIZ by 309.4% during the 1st quarter. Capital Research Global Investors now owns 3,128,738 shares of the business services provider’s stock valued at $245,606,000 after acquiring an additional 2,364,545 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in CBIZ by 1.8% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,220,013 shares of the business services provider’s stock worth $164,503,000 after acquiring an additional 40,215 shares during the last quarter. State Street Corp grew its stake in shares of CBIZ by 0.9% in the 3rd quarter. State Street Corp now owns 1,130,848 shares of the business services provider’s stock worth $76,095,000 after acquiring an additional 10,555 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of CBIZ by 1.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,125,766 shares of the business services provider’s stock valued at $75,753,000 after purchasing an additional 11,401 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

About CBIZ

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.