CBIZ, Inc. (CBZ) - What Are Brokerages Saying About This Stock?

Shares of CBIZ, Inc. (NYSE:CBZ - Get Free Report) have earned a consensus recommendation of "Hold" from the eight brokerages that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $44.50.

A number of research analysts recently issued reports on the company. William Blair downgraded CBIZ from an "outperform" rating to a "market perform" rating in a report on Wednesday, September 23rd. CJS Securities cut CBIZ from a "market outperform" rating to a "market perform" rating and set a $55.00 target price on the stock. in a research note on Thursday, July 30th. Barrington Research downgraded CBIZ from an "outperform" rating to a "hold" rating in a research report on Wednesday, September 16th. Weiss Ratings raised shares of CBIZ from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Finally, US Capital Advisors set a $55.00 price target on shares of CBIZ in a research note on Thursday, July 30th.

CBIZ Stock Performance

Shares of NYSE:CBZ opened at $54.98 on Tuesday. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 1.30 and a beta of 0.91. CBIZ has a 12 month low of $24.29 and a 12 month high of $55.85. The company's fifty day simple moving average is $54.76 and its 200 day simple moving average is $40.49. The company has a quick ratio of 1.47, a current ratio of 1.50 and a debt-to-equity ratio of 0.71.

CBIZ (NYSE:CBZ - Get Free Report) last announced its earnings results on Monday, October 19th. The business services provider reported $1.21 earnings per share for the quarter, missing analysts' consensus estimates of $1.28 by ($0.07). The company had revenue of $702.24 million during the quarter, compared to analyst estimates of $727.08 million. CBIZ had a return on equity of 12.74% and a net margin of 5.33%. CBIZ's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 earnings per share. As a group, research analysts forecast that CBIZ will post 4.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in CBIZ in the 2nd quarter valued at $159,495,000. First Trust Capital Management L.P. acquired a new position in shares of CBIZ during the 3rd quarter worth about $74,348,000. Basswood Capital Management L.L.C. acquired a new position in shares of CBIZ during the 2nd quarter worth about $14,476,000. Bank of America Corp DE bought a new position in shares of CBIZ in the 2nd quarter valued at about $7,194,000. Finally, Bank of New York Mellon Corp bought a new position in shares of CBIZ in the 2nd quarter valued at about $6,051,000. Institutional investors and hedge funds own 87.44% of the company's stock.

About CBIZ

CBIZ, Inc is a professional services company that provides financial, advisory, insurance and employee benefits services to businesses, individuals and organizations. Its offerings include accounting, tax preparation and planning, audit and assurance, and outsourced finance and business support.

The company also provides consulting and advisory services, including valuation, transaction support and risk management, alongside commercial insurance and employee benefits solutions. Through its benefits and insurance services, CBIZ helps employers manage workplace programs and coverage needs.

CBIZ serves clients across the United States through a network of offices.

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