CBIZ (NYSE:CBZ) Earns "Hold (C-)" Rating from Weiss Ratings

Key Points

• CBIZ's stock received a "hold (C-)" rating from Weiss Ratings, reaffirming the cautious outlook from analysts.
• The company reported earnings of $0.95 per share for the last quarter, surpassing estimates, but revenue was lower than expected at $683.50 million.
• Institutional investors own 87.44% of CBIZ stock, indicating strong backing from large financial entities.

CBIZ (NYSE:CBZ - Get Free Report)'s stock had its "hold (c-)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, William Blair reaffirmed an "outperform" rating on shares of CBIZ in a report on Friday, September 5th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

CBIZ Price Performance

CBIZ stock traded up $0.98 during trading hours on Wednesday, hitting $56.75. 415,828 shares of the company traded hands, compared to its average volume of 752,341. CBIZ has a 1-year low of $50.51 and a 1-year high of $90.13. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.79. The firm has a market cap of $3.06 billion, a P/E ratio of 32.61 and a beta of 0.90. The firm's 50-day simple moving average is $59.42 and its two-hundred day simple moving average is $68.28.

CBIZ (NYSE:CBZ - Get Free Report) last released its earnings results on Wednesday, July 30th. The business services provider reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.11. CBIZ had a return on equity of 14.73% and a net margin of 4.51%.The firm had revenue of $683.50 million during the quarter, compared to the consensus estimate of $701.43 million. During the same period in the prior year, the firm posted $0.39 earnings per share. The firm's revenue for the quarter was up 62.7% compared to the same quarter last year. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. As a group, analysts forecast that CBIZ will post 2.65 earnings per share for the current fiscal year.

Insider Activity at CBIZ

In other news, Director Rodney A. Young bought 2,000 shares of the company's stock in a transaction dated Friday, August 8th. The shares were acquired at an average cost of $62.43 per share, with a total value of $124,860.00. Following the completion of the transaction, the director directly owned 8,310 shares in the company, valued at approximately $518,793.30. The trade was a 31.70% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.95% of the stock is currently owned by insiders.

Institutional Trading of CBIZ

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of CBIZ by 90.7% in the first quarter. Royal Bank of Canada now owns 396,278 shares of the business services provider's stock worth $30,062,000 after buying an additional 188,472 shares during the period. Alpha Wave Global LP purchased a new stake in CBIZ in the 1st quarter worth about $6,713,000. XTX Topco Ltd acquired a new stake in CBIZ during the 1st quarter worth about $1,043,000. Fiera Capital Corp boosted its position in CBIZ by 14.6% during the 1st quarter. Fiera Capital Corp now owns 234,522 shares of the business services provider's stock worth $17,791,000 after acquiring an additional 29,902 shares during the period. Finally, Blair William & Co. IL grew its stake in CBIZ by 1.1% during the 1st quarter. Blair William & Co. IL now owns 427,605 shares of the business services provider's stock valued at $32,438,000 after acquiring an additional 4,739 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

CBIZ Company Profile

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.

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