CBIZ (NYSE:CBZ) Sets New 12-Month 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%.

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

Wall Street Analysts Forecast Growth

Separately, William Blair reissued an "outperform" rating on shares of CBIZ in a research note on Friday, September 5th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy".

CBIZ Stock Performance

The firm has a 50-day moving average price of $66.95 and a 200 day moving average price of $70.81. The firm has a market capitalization of $3.03 billion, a PE ratio of 32.30 and a beta of 0.95. 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 quarterly earnings results on Wednesday, July 30th. The business services provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.84 by $0.11. CBIZ had a return on equity of 14.73% and a net margin of 4.51%.The business had revenue of $683.50 million during the quarter, compared to analyst estimates of $701.43 million. During the same period last year, the business posted $0.39 earnings per share. The company's quarterly revenue was up 62.7% on a year-over-year basis. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. Research analysts expect that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Insider Buying and Selling at CBIZ

In related news, Director Rodney A. Young acquired 2,000 shares of the business's stock in a transaction dated Friday, August 8th. The shares were acquired at an average price of $62.43 per share, with a total value of $124,860.00. Following the completion of the transaction, the director owned 8,310 shares of the company's stock, valued at $518,793.30. The trade was a 31.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.95% of the company's stock.

Institutional Trading of CBIZ

A number of large investors have recently modified their holdings of the stock. Burgundy Asset Management Ltd. increased its position in shares of CBIZ by 4.5% during the second quarter. Burgundy Asset Management Ltd. now owns 2,321,198 shares of the business services provider's stock worth $166,453,000 after acquiring an additional 100,932 shares during the period. Geode Capital Management LLC grew its position in shares of CBIZ by 8.6% during the second quarter. Geode Capital Management LLC now owns 1,224,142 shares of the business services provider's stock worth $87,794,000 after buying an additional 96,505 shares in the last quarter. State Street Corp grew its position in shares of CBIZ by 4.6% during the second quarter. State Street Corp now owns 1,210,801 shares of the business services provider's stock worth $86,827,000 after buying an additional 53,099 shares in the last quarter. BloombergSen Inc. grew its position in shares of CBIZ by 9.5% during the second quarter. BloombergSen Inc. now owns 1,119,362 shares of the business services provider's stock worth $80,269,000 after buying an additional 96,982 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of CBIZ by 30.8% during the second quarter. JPMorgan Chase & Co. now owns 985,958 shares of the business services provider's stock worth $70,703,000 after buying an additional 232,438 shares in the last quarter. Hedge funds and other institutional investors 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.