CBIZ (NYSE:CBZ) Reaches New 1-Year Low - What's Next?

Key Points

• CBIZ, Inc. shares reached a new 52-week low at $56.71, closing at $57.12 with significant trading volume of 161,633 shares.
• Analysts maintain a consensus "Buy" rating for CBIZ despite the recent stock decline, with a reported earnings per share of $0.95 exceeding estimates.
• Insider buying was evident as Director Rodney A. Young acquired 2,000 shares at an average price of $62.43, increasing their holdings by 31.70%.

Shares of CBIZ, Inc. (NYSE:CBZ - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $56.71 and last traded at $57.12, with a volume of 161633 shares. The stock had previously closed at $57.92.

Wall Street Analyst Weigh In

Separately, William Blair reiterated 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.com, CBIZ currently has an average rating of "Buy".

CBIZ Stock Performance

The firm has a market cap of $3.01 billion, a PE ratio of 32.06 and a beta of 0.95. The firm has a 50-day moving average price of $66.59 and a two-hundred day moving average price of $70.54. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.79.

CBIZ (NYSE:CBZ - Get Free Report) last released its earnings results 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 business had revenue of $683.50 million for 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 quarterly revenue was up 62.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. Research analysts forecast that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Insider Buying and Selling at CBIZ

In other news, Director Rodney A. Young bought 2,000 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were acquired at an average price of $62.43 per share, for a total transaction of $124,860.00. Following the completion of the transaction, the director directly owned 8,310 shares in the company, valued at $518,793.30. The trade was a 31.70% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CBIZ

Several hedge funds and other institutional investors have recently made changes to their positions in CBZ. Ameriprise Financial Inc. increased its holdings in shares of CBIZ by 24.9% in the fourth quarter. Ameriprise Financial Inc. now owns 54,518 shares of the business services provider's stock valued at $4,461,000 after purchasing an additional 10,861 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of CBIZ by 2.0% in the fourth quarter. Captrust Financial Advisors now owns 10,399 shares of the business services provider's stock valued at $851,000 after purchasing an additional 199 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of CBIZ in the fourth quarter valued at approximately $233,000. Janus Henderson Group PLC increased its holdings in shares of CBIZ by 14.9% in the fourth quarter. Janus Henderson Group PLC now owns 98,781 shares of the business services provider's stock valued at $8,084,000 after purchasing an additional 12,817 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of CBIZ by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,976 shares of the business services provider's stock valued at $2,289,000 after purchasing an additional 1,102 shares during the last quarter. 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.