CBIZ (NYSE:CBZ) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

CBIZ, Inc. (NYSE:CBZ)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $74.37 and traded as high as $83.36. CBIZ shares last traded at $82.71, with a volume of 202,809 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded CBIZ from a “sell” rating to a “hold” rating in a research report on Friday, December 27th.

CBIZ Price Performance

The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $4.21 billion, a P/E ratio of 35.55 and a beta of 0.95. The firm’s fifty day moving average is $80.51 and its 200 day moving average is $74.43.

CBIZ (NYSE:CBZ) last released its earnings results on Tuesday, October 29th. The business services provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The firm had revenue of $438.90 million for the quarter, compared to analysts’ expectations of $440.16 million. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its holdings in CBIZ by 1.2% during the 2nd quarter. AQR Capital Management LLC now owns 14,960 shares of the business services provider’s stock valued at $1,109,000 after buying an additional 176 shares in the last quarter. Inspire Investing LLC raised its stake in shares of CBIZ by 4.2% during the second quarter. Inspire Investing LLC now owns 4,757 shares of the business services provider’s stock valued at $352,000 after acquiring an additional 190 shares in the last quarter. US Bancorp DE boosted its holdings in shares of CBIZ by 16.1% in the third quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 249 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in CBIZ by 1.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,514 shares of the business services provider’s stock worth $1,111,000 after purchasing an additional 279 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in CBIZ by 55.8% during the 3rd quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock worth $65,000 after purchasing an additional 344 shares during the period. 87.44% of the stock is currently owned by institutional investors.

About CBIZ

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.