CBIZ, Inc. (NYSE:CBZ) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Analyst sentiment is neutral: Eight analysts collectively rate CBIZ a “Hold,” with five holds and three buys. Their average 12-month price target is $44.50, below the reported share price of $54.77.
• Institutional ownership is substantial: Institutional investors own 87.44% of CBIZ, with several major funds—including BlackRock, Durable Capital Partners, and 22C Capital—recently establishing or increasing positions.
• Quarterly earnings exceeded expectations: CBIZ reported $0.91 in quarterly EPS versus the $0.72 consensus estimate, although revenue of $682.21 million fell short of estimates and declined slightly year over year.

Shares of CBIZ, Inc. (NYSE:CBZ - Get Free Report) have been given a consensus rating of "Hold" by the eight analysts that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $44.50.

Several equities analysts have recently commented on CBZ shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $42.00 price target on shares of CBIZ in a research report on Thursday, April 30th. Barrington Research started coverage on CBIZ in a report on Wednesday, June 24th. They issued an "outperform" rating and a $45.00 price objective for the company. Stephens set a $37.00 price objective on CBIZ in a research note on Friday, May 1st. Weiss Ratings upgraded 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 target price on CBIZ in a report on Thursday, July 30th.

Hedge Funds Weigh In On CBIZ

Several large investors have recently added to or reduced their stakes in CBZ. BlackRock Inc. acquired a new position in CBIZ in the second quarter worth $159,495,000. Durable Capital Partners LP acquired a new stake in shares of CBIZ during the third quarter worth $207,872,000. 22C Capital LLC acquired a new stake in shares of CBIZ during the fourth quarter worth $161,554,000. Bank of Montreal Can bought a new position in shares of CBIZ in the 4th quarter worth about $113,596,000. Finally, California State Teachers Retirement System lifted its position in shares of CBIZ by 3,028.7% in the 2nd quarter. California State Teachers Retirement System now owns 1,974,492 shares of the business services provider's stock worth $61,549,000 after buying an additional 1,911,382 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

CBIZ Stock Up 0.0%

Shares of NYSE:CBZ opened at $54.77 on Thursday. The firm has a market cap of $2.97 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 1.15 and a beta of 0.93. The company has a fifty day simple moving average of $44.43 and a 200 day simple moving average of $35.01. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.74. CBIZ has a 12-month low of $24.29 and a 12-month high of $66.22.

CBIZ (NYSE:CBZ - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.19. The company 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 firm's revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the business earned $0.95 EPS. On average, equities research analysts anticipate that CBIZ will post 4.1 EPS for the current fiscal year.

About CBIZ

CBIZ, Inc NYSE: CBZ, founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.

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