CBIZ (CBZ) Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CBIZ in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CBZ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CBZ, but not buy additional shares or sell existing shares.
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1 brokerages have issued 12 month price targets for CBIZ's stock. Their CBZ share price forecasts range from $58.00 to $58.00. On average, they predict the company's stock price to reach $58.00 in the next year. This suggests a possible upside of 11.2% from the stock's current price.
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CBIZ's stock was trading at $46.85 at the start of the year. Since then, CBZ shares have increased by 11.3% and is now trading at $52.16.
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CBIZ saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 457,300 shares, a decrease of 14.6% from the August 15th total of 535,200 shares. Based on an average trading volume of 214,500 shares, the days-to-cover ratio is presently 2.1 days. Currently, 1.0% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our CBZ earnings forecast.

CBIZ, Inc. (NYSE:CBZ) released its quarterly earnings data on Thursday, July, 27th. The business services provider reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by $0.13. The business services provider earned $398.50 million during the quarter, compared to analysts' expectations of $392.37 million. CBIZ had a net margin of 7.67% and a trailing twelve-month return on equity of 15.52%. The firm's revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS.

ETFs with the largest weight of CBIZ (NYSE:CBZ) stock in their portfolio include Argent Mid Cap ETF (AMID), Profound Medical (PRN), First Trust Small Cap Growth AlphaDEX Fund (FYC), First Trust Active Factor Small Cap ETF (AFSM), Invesco DWA SmallCap Momentum ETF (DWAS), VictoryShares US Small Mid Cap Value Momentum ETF (USVM), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF) and VictoryShares US Small Cap Volatility Wtd (CSA).

CBIZ issued an update on its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $2.36-$2.41 for the period, compared to the consensus earnings per share estimate of $2.41. The company issued revenue guidance of $1.55 billion-$1.58 billion, compared to the consensus revenue estimate of $1.55 billion.

57 employees have rated CBIZ Chief Executive Officer Jerry Grisko on Glassdoor.com. Jerry Grisko has an approval rating of 84% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other CBIZ investors own include Walt Disney (DIS), Veracyte (VCYT), Carnival Co. & (CCL), CRISPR Therapeutics (CRSP), Etsy (ETSY), Gilead Sciences (GILD), Johnson & Johnson (JNJ), KeyCorp (KEY), Altria Group (MO) and NeoGenomics (NEO).

CBIZ trades on the New York Stock Exchange (NYSE) under the ticker symbol "CBZ."

CBIZ's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (6.91%), Dimensional Fund Advisors LP (5.73%), Burgundy Asset Management Ltd. (3.78%), Allspring Global Investments Holdings LLC (2.81%), Silvercrest Asset Management Group LLC (2.54%) and Victory Capital Management Inc. (2.40%). Insiders that own company stock include Benaree Pratt Wiley, Chris Spurio, Jerome P Grisko, Joseph S Dimartino, Michael P Kouzelos, Rajesh Vashist, Sherrill W Hudson, Steven L Gerard, Todd J Slotkin and Ware H Grove.
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Shares of CBZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CBZ stock can currently be purchased for approximately $52.16.

CBIZ (NYSE:CBZ) has a market capitalization of $2.60 billion and generates $1.41 billion in revenue each year. The business services provider earns $105.35 million in net income (profit) each year or $2.27 on an earnings per share basis.

The company employs 6,500 workers across the globe.

CBIZ's mailing address is 6050 OAK TREE BOULEVARD SOUTH SUITE 500, CLEVELAND OH, 44131. The official website for the company is www.cbiz.com. The business services provider can be reached via phone at (216) 447-9000 or via fax at 216-447-9007.