CBIZ, Inc. (NYSE:CBZ) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Zacks has also assigned CBIZ an industry rank of 104 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded Gold Resource from a “hold” rating to a “sell” rating in a research report on Friday, June 21st.
In related news, insider Ware H. Grove sold 10,000 shares of CBIZ stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $20.52, for a total transaction of $205,200.00. Following the completion of the transaction, the insider now owns 273,096 shares in the company, valued at $5,603,929.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ware H. Grove sold 20,000 shares of CBIZ stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $20.52, for a total value of $410,400.00. Following the transaction, the insider now owns 283,096 shares of the company’s stock, valued at approximately $5,809,129.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,000 shares of company stock worth $656,420. 7.40% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of CBZ. Quantamental Technologies LLC grew its holdings in CBIZ by 40.9% during the first quarter. Quantamental Technologies LLC now owns 3,100 shares of the business services provider’s stock worth $63,000 after purchasing an additional 900 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in CBIZ by 484.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 9,316 shares of the business services provider’s stock worth $184,000 after purchasing an additional 7,721 shares during the period. BNP Paribas Arbitrage SA grew its holdings in CBIZ by 260.7% during the first quarter. BNP Paribas Arbitrage SA now owns 10,744 shares of the business services provider’s stock worth $217,000 after purchasing an additional 7,765 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new position in CBIZ during the first quarter worth about $219,000. Finally, LPL Financial LLC grew its holdings in CBIZ by 15.2% during the fourth quarter. LPL Financial LLC now owns 12,002 shares of the business services provider’s stock worth $236,000 after purchasing an additional 1,585 shares during the period. Institutional investors and hedge funds own 87.15% of the company’s stock.
Shares of CBZ traded up $0.64 during midday trading on Friday, hitting $20.50. The stock had a trading volume of 326,613 shares, compared to its average volume of 186,091. The firm has a 50 day moving average of $20.00. CBIZ has a twelve month low of $18.64 and a twelve month high of $24.38. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 18.81 and a beta of 0.37. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.51.
CBIZ (NYSE:CBZ) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.01). The firm had revenue of $270.00 million during the quarter, compared to analyst estimates of $278.78 million. CBIZ had a net margin of 6.82% and a return on equity of 10.52%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 EPS. On average, sell-side analysts predict that CBIZ will post 1.19 earnings per share for the current fiscal year.
CBIZ, Inc provides professional business services, products, and solutions that help its clients in managing finances and employees. It offers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services group provides accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services.
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