CBIZ (NYSE:CBZ) Reaches New 1-Year Low - Time to Sell?

Key Points

• CBIZ, Inc. shares reached a new 52-week low at $53.58 during mid-day trading, with a significant trading volume of over 1.86 million shares.
• Despite recent struggles, analysts maintain an average rating of "Buy" for CBIZ, with one firm even restating an "outperform" rating recently.
• The company's recent earnings report showed a 62.7% increase in revenue compared to the previous year, though it fell short of analysts' expectations.

CBIZ, Inc. (NYSE:CBZ - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $53.58 and last traded at $53.43, with a volume of 1862854 shares. The stock had previously closed at $54.89.

Analysts Set New Price Targets

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

CBIZ Stock 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 has a market capitalization of $2.91 billion, a P/E ratio of 30.94 and a beta of 0.95. The company has a fifty day moving average of $64.42 and a two-hundred day moving average of $69.65.

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 for the quarter, beating the consensus estimate of $0.84 by $0.11. The firm had revenue of $683.50 million during the quarter, compared to analyst estimates of $701.43 million. CBIZ had a return on equity of 14.73% and a net margin of 4.51%.CBIZ's quarterly revenue was up 62.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.39 earnings per share. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. On average, equities analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current year.

Insider Activity

In other news, Director Rodney A. Young purchased 2,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director owned 8,310 shares in the company, valued at approximately $518,793.30. The trade was a 31.70% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.95% of the company's stock.

Hedge Funds Weigh In On CBIZ

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vestcor Inc grew its stake in 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 buying an additional 148 shares during the last quarter. Assetmark Inc. increased its holdings in shares of CBIZ by 19.9% in the 1st 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 period. Vista Finance LLC increased its holdings in shares of CBIZ by 4.0% in the 2nd quarter. Vista Finance LLC now owns 3,856 shares of the business services provider's stock worth $277,000 after acquiring an additional 150 shares during the period. Xponance Inc. increased its holdings in shares of CBIZ by 5.7% in the 1st quarter. Xponance Inc. now owns 3,620 shares of the business services provider's stock worth $275,000 after acquiring an additional 195 shares during the period. Finally, Avantax Advisory Services Inc. increased its holdings in shares of CBIZ by 4.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,956 shares of the business services provider's stock worth $376,000 after acquiring an additional 209 shares during the period. 87.44% of the stock is currently 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.