CBIZ (NYSE:CBZ) Reaches New 1-Year Low - Should You Sell?

Key Points

• CBIZ, Inc. reached a new 52-week low of $56.83 during trading, closing at $61.10, down nearly 20% from its previous close of $76.15.
• Despite the stock's decline, William Blair analysts maintain an "outperform" rating, forecasting positive growth in earnings, with an estimated EPS of 2.65 for the fiscal year.
• Institutional investors hold a significant portion of CBIZ, with 87.44% of the company's stock owned by large shareholders, indicating strong institutional support despite recent price movements.

CBIZ, Inc. (NYSE:CBZ - Get Free Report)'s stock price hit a new 52-week low on Friday . The stock traded as low as $56.83 and last traded at $61.10, with a volume of 3856151 shares. The stock had previously closed at $76.15.

Wall Street Analyst Weigh In

Separately, William Blair restated an "outperform" rating on shares of CBIZ in a research report on Friday, April 25th.

CBIZ Stock Performance

The firm's fifty day moving average price is $72.03 and its 200-day moving average price is $75.44. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.76. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 35.48 and a beta of 0.92.

CBIZ (NYSE:CBZ - Get Free Report) last issued its earnings results on Wednesday, July 30th. The business services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.11. The business had revenue of $683.50 million during the quarter, compared to analysts' expectations of $701.43 million. CBIZ had a net margin of 4.51% and a return on equity of 15.57%. The company's revenue for the quarter was up 62.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 EPS. Analysts expect that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Institutional Trading of CBIZ

A number of large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. raised its position in CBIZ by 24.9% during the 4th quarter. Ameriprise Financial Inc. now owns 54,518 shares of the business services provider's stock worth $4,461,000 after buying an additional 10,861 shares during the last quarter. Fiera Capital Corp raised 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 buying an additional 29,902 shares during the last quarter. Pacific Capital Partners Ltd purchased a new position in shares of CBIZ in the 1st quarter valued at about $9,482,000. Artemis Investment Management LLP increased its holdings in shares of CBIZ by 60.4% in the 1st quarter. Artemis Investment Management LLP now owns 631,893 shares of the business services provider's stock valued at $47,935,000 after purchasing an additional 237,983 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of CBIZ in the 4th quarter valued at about $12,096,000. Institutional investors and hedge funds own 87.44% of the company's stock.

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.