CBIZ (NYSE:CBZ) Hits New 1-Year Low - Here's What Happened

Key Points

• 52-week low: CBIZ fell to as low as $40.37 (last $40.695) and was trading down about 4.8%, well below its 50-day ($51.05) and 200-day ($56.88) moving averages.
• Analysts are mixed but the consensus rating is a Moderate Buy with a substantial $60.00 target, implying notable upside from current levels.
• Operationally, CBIZ beat EPS expectations ($1.01 vs. $0.94) but missed revenue estimates, provided FY2025 EPS guidance of 3.600–3.650, and saw insider activity with the CFO buying shares while a director sold (insiders own ~4.95%).

CBIZ, Inc. (NYSE:CBZ - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $40.37 and last traded at $40.6950, with a volume of 13143 shares. The stock had previously closed at $40.93.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of CBIZ in a report on Monday, January 12th. They set a "hold" rating and a $60.00 target price for the company. CJS Securities raised shares of CBIZ to a "strong-buy" rating in a research note on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of CBIZ in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, CBIZ has an average rating of "Moderate Buy" and a consensus target price of $60.00.

CBIZ Trading Down 4.8%

The stock has a market cap of $2.12 billion, a P/E ratio of 25.64 and a beta of 0.93. The stock's 50-day moving average is $51.05 and its two-hundred day moving average is $56.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.57 and a quick ratio of 1.57.

CBIZ (NYSE:CBZ - Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.07. CBIZ had a return on equity of 14.00% and a net margin of 3.89%.The business had revenue of $693.82 million for the quarter, compared to analysts' expectations of $709.18 million. During the same period in the prior year, the firm earned $0.93 EPS. The company's revenue for the quarter was up 58.1% on a year-over-year basis. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. Equities research analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current year.

Insider Transactions at CBIZ

In related news, CFO Brad S. Lakhia acquired 2,060 shares of the firm's stock in a transaction that occurred on Wednesday, November 26th. The stock was purchased at an average cost of $48.51 per share, with a total value of $99,930.60. Following the transaction, the chief financial officer directly owned 40,584 shares of the company's stock, valued at $1,968,729.84. This trade represents a 5.35% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Benaree Pratt Wiley sold 8,288 shares of the business's 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 sale, the director directly owned 35,956 shares in the company, valued at approximately $1,781,260.24. This represents a 18.73% decrease in their position. The SEC filing for this sale provides additional information. 4.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CBIZ

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd raised its stake in shares of CBIZ by 377.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider's stock valued at $30,000 after acquiring an additional 442 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in CBIZ during the 2nd quarter worth approximately $35,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of CBIZ in the 2nd quarter valued at approximately $37,000. Danske Bank A S acquired a new stake in shares of CBIZ in the 3rd quarter valued at $42,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of CBIZ by 165.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider's stock valued at $52,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds 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.

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