CBIZ (NYSE:CBZ) Stock Rating Lowered by StockNews.com

CBIZ (NYSE:CBZ) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Separately, Sidoti raised shares of CBIZ from a “neutral” rating to a “buy” rating and raised their target price for the company from $80.00 to $86.00 in a research note on Monday, August 12th.

CBIZ Stock Performance

NYSE CBZ opened at $77.07 on Wednesday. The company’s 50 day moving average is $69.24 and its 200-day moving average is $72.99. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ has a 12-month low of $57.01 and a 12-month high of $86.36. The firm has a market cap of $3.87 billion, a P/E ratio of 32.66 and a beta of 0.91.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the business posted $0.66 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Sell-side analysts predict that CBIZ will post 2.65 earnings per share for the current year.

Institutional Trading of CBIZ

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quest Partners LLC raised its stake in shares of CBIZ by 2,980.0% during the second quarter. Quest Partners LLC now owns 462 shares of the business services provider’s stock worth $34,000 after acquiring an additional 447 shares in the last quarter. Covestor Ltd raised its position in CBIZ by 45.5% in the 1st quarter. Covestor Ltd now owns 707 shares of the business services provider’s stock worth $56,000 after purchasing an additional 221 shares during the period. Signaturefd LLC lifted its stake in CBIZ by 55.8% in the third 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 last quarter. Quarry LP boosted its position in CBIZ by 6,335.3% during the third quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock valued at $74,000 after buying an additional 1,077 shares during the period. Finally, Picton Mahoney Asset Management bought a new position in shares of CBIZ during the second quarter valued at about $82,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

CBIZ Company Profile

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.