CBIZ (NYSE:CBZ) Sets New 52-Week Low - Should You 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 stock price hit a new 52-week low during mid-day 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 Ratings Changes

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

CBIZ Price Performance

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's fifty day simple moving average is $64.80 and its 200-day simple moving average is $69.82. The company has a market capitalization of $2.90 billion, a P/E ratio of 30.84 and a beta of 0.95.

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

Insider Buying and Selling at CBIZ

In related news, Director Rodney A. Young bought 2,000 shares of CBIZ stock in a transaction that occurred on Friday, August 8th. The stock was acquired at an average price of $62.43 per share, for a total transaction of $124,860.00. Following the completion of the purchase, the director owned 8,310 shares in the company, valued at approximately $518,793.30. This represents a 31.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.95% of the company's stock.

Institutional Investors Weigh In On CBIZ

Hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its position in CBIZ by 24.9% in the fourth quarter. Ameriprise Financial Inc. now owns 54,518 shares of the business services provider's stock worth $4,461,000 after purchasing an additional 10,861 shares during the period. Royal Bank of Canada raised its stake in shares of CBIZ by 90.7% in the 1st quarter. Royal Bank of Canada now owns 396,278 shares of the business services provider's stock valued at $30,062,000 after buying an additional 188,472 shares in the last quarter. Alpha Wave Global LP bought a new position in shares of CBIZ during the 1st quarter worth about $6,713,000. XTX Topco Ltd acquired a new stake in shares of CBIZ during the 1st quarter valued at about $1,043,000. Finally, Fiera Capital Corp increased its stake in CBIZ by 14.6% in the first quarter. Fiera Capital Corp now owns 234,522 shares of the business services provider's stock valued at $17,791,000 after acquiring an additional 29,902 shares during the period. Institutional investors own 87.44% of the company's stock.

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.