CBIZ, Inc. (NYSE:CBZ) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts hold a cautious view of CBIZ: Six of seven brokerages rate the stock “Hold,” while one recommends buying it. The average 12-month price target is $44.50, below the reported $54.65 share price.
• Recent analyst actions were mixed but generally conservative, with CJS Securities and Barrington Research downgrading CBIZ, while US Capital Advisors maintained a $55 price target.
• Institutional ownership is high at 87.44%. CBIZ’s latest quarterly earnings of $0.91 per share exceeded the $0.72 consensus estimate, although revenue of $682.21 million fell short of forecasts and declined slightly year over year.

Shares of CBIZ, Inc. (NYSE:CBZ - Get Free Report) have earned an average rating of "Hold" from the seven brokerages that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $44.50.

CBZ has been the topic of several recent research reports. CJS Securities downgraded CBIZ from a "market outperform" rating to a "market perform" rating and set a $55.00 target price on the stock. in a research report on Thursday, July 30th. US Capital Advisors set a $55.00 price target on CBIZ in a research report on Thursday, July 30th. Barrington Research lowered CBIZ from an "outperform" rating to a "hold" rating in a research note on Wednesday, September 16th. Finally, Weiss Ratings upgraded CBIZ from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th.

Institutional Trading of CBIZ

Hedge funds and other institutional investors have recently bought and sold shares of the company. 22C Capital LLC bought a new stake in CBIZ during the fourth quarter valued at $161,554,000. BlackRock Inc. purchased a new stake in shares of CBIZ in the 2nd quarter valued at about $159,495,000. P2 Capital Partners LLC boosted its position in shares of CBIZ by 3.3% during the 4th quarter. P2 Capital Partners LLC now owns 1,773,391 shares of the business services provider's stock valued at $89,468,000 after acquiring an additional 57,066 shares during the last quarter. GW&K Investment Management LLC boosted its position in shares of CBIZ by 2.9% during the 4th quarter. GW&K Investment Management LLC now owns 779,033 shares of the business services provider's stock valued at $39,302,000 after acquiring an additional 21,603 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of CBIZ by 389.3% during the fourth quarter. Royce & Associates LP now owns 659,140 shares of the business services provider's stock worth $33,254,000 after purchasing an additional 524,438 shares in the last quarter. Institutional investors own 87.44% of the company's stock.

CBIZ Stock Up 0.0%

CBZ stock opened at $54.65 on Monday. The stock has a fifty day moving average of $51.66 and a 200-day moving average of $37.97. CBIZ has a fifty-two week low of $24.29 and a fifty-two week high of $56.93. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.31 and a beta of 0.92. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.47 and a current ratio of 1.47.

CBIZ (NYSE:CBZ - Get Free Report) last issued its earnings results on Wednesday, July 29th. The business services provider reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.19. The firm had revenue of $682.21 million during the quarter, compared to analyst estimates of $697.96 million. CBIZ had a net margin of 4.73% and a return on equity of 12.33%. The company's quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the business earned $0.95 earnings per share. As a group, equities research analysts predict that CBIZ will post 4.17 earnings per share for the current year.

CBIZ Company Profile

CBIZ, Inc NYSE: CBZ is a diversified professional services company that provides accounting, tax, advisory, insurance brokerage, and employee benefits services to businesses, nonprofit organizations, government entities, and individuals. The company serves clients across a range of industries, including healthcare, construction, manufacturing, real estate, financial services, and professional services.

Its accounting and advisory offerings include audit and attest services, tax planning and compliance, financial reporting, valuation, transaction advisory, forensic accounting, and business consulting.

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