CBIZ (NYSE:CBZ) Hits New 52-Week Low - Time to Sell?

Key Points

• CBIZ's share price recently hit a new 52-week low of $55.14 during trading, with the latest price at $56.11, reflecting a 2.6% decline.
• Despite the downturn, one analyst has rated the stock as a Buy and the consensus rating is also a "Buy," indicating potential confidence in the company's outlook.
• The company reported strong year-over-year revenue growth of 62.7% in its latest quarter, with earnings per share exceeding estimates, suggesting operational strength despite the declining stock price.

CBIZ, Inc. (NYSE:CBZ - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The company traded as low as $55.14 and last traded at $56.11, with a volume of 99402 shares traded. The stock had previously closed at $55.69.

Analyst Upgrades and Downgrades

Separately, William Blair restated an "outperform" rating on shares of CBIZ in a research report on Friday, September 5th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy".

CBIZ Stock Down 2.6%

The company has a debt-to-equity ratio of 0.79, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market cap of $2.93 billion, a P/E ratio of 31.17 and a beta of 0.95. The stock's fifty day simple moving average is $66.59 and its 200-day simple moving average is $70.49.

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

Insider Buying and Selling

In other news, Director Rodney A. Young bought 2,000 shares of the stock in a transaction on Friday, August 8th. The stock was purchased at an average price of $62.43 per share, with a total value of $124,860.00. Following the completion of the purchase, the director owned 8,310 shares of the company's stock, valued at approximately $518,793.30. This trade represents a 31.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 4.95% of the company's stock.

Institutional Trading of CBIZ

Hedge funds have recently added to or reduced their stakes in the company. Vestcor Inc boosted its position in shares of CBIZ by 5.3% during the 1st quarter. Vestcor Inc now owns 2,922 shares of the business services provider's stock worth $222,000 after acquiring an additional 148 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of CBIZ by 19.9% in the first quarter. Assetmark Inc. now owns 905 shares of the business services provider's stock worth $69,000 after acquiring an additional 150 shares during the last quarter. Vista Finance LLC grew its holdings in shares of CBIZ by 4.0% during the 2nd quarter. Vista Finance LLC now owns 3,856 shares of the business services provider's stock valued at $277,000 after purchasing an additional 150 shares during the last quarter. Xponance Inc. increased its position in CBIZ by 5.7% during the 1st quarter. Xponance Inc. now owns 3,620 shares of the business services provider's stock worth $275,000 after purchasing an additional 195 shares in the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in CBIZ by 4.4% in the first quarter. Avantax Advisory Services Inc. now owns 4,956 shares of the business services provider's stock valued at $376,000 after buying an additional 209 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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