Elevation Point Wealth Partners LLC bought a new stake in CBIZ, Inc. (NYSE:CBZ - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 23,059 shares of the business services provider's stock, valued at approximately $740,000.
Several other institutional investors have also recently bought and sold shares of CBZ. Strategic Wealth Investment Group LLC bought a new position in shares of CBIZ during the 2nd quarter worth approximately $37,000. Caitong International Asset Management Co. Ltd lifted its position in shares of CBIZ by 377.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider's stock worth $30,000 after purchasing an additional 442 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of CBIZ by 165.4% in the second quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider's stock worth $52,000 after purchasing an additional 450 shares in the last quarter. Danske Bank A S acquired a new position in CBIZ during the third quarter worth $42,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in CBIZ during the second quarter worth $27,000. Institutional investors own 87.44% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. CJS Securities lowered shares of CBIZ from a "market outperform" rating to a "market perform" rating and set a $55.00 price target on the stock. in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $42.00 price target on shares of CBIZ in a research note on Thursday, April 30th. US Capital Advisors set a $55.00 price objective on CBIZ in a research note on Thursday, July 30th. Stephens set a $37.00 price objective on CBIZ in a report on Friday, May 1st. Finally, Weiss Ratings raised shares of CBIZ from a "hold (c-)" rating to a "hold (c)" rating in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $44.50.
Check Out Our Latest Research Report on CBIZ
CBIZ Trading Down 0.1%
CBZ stock opened at $54.61 on Tuesday. CBIZ, Inc. has a one year low of $24.29 and a one year high of $66.52. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 1.15 and a beta of 0.92. The company has a fifty day moving average price of $43.58 and a two-hundred day moving average price of $34.77. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.47.
CBIZ (NYSE:CBZ - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.19. CBIZ had a net margin of 4.73% and a return on equity of 12.33%. The firm had revenue of $682.21 million for the quarter, compared to analysts' expectations of $697.96 million. During the same period in the prior year, the firm earned $0.95 EPS. The business's revenue was down .2% on a year-over-year basis. Equities analysts anticipate that CBIZ, Inc. will post 4.1 EPS for the current year.
About CBIZ
(
Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider CBIZ, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CBIZ wasn't on the list.
While CBIZ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
