CBIZ (NYSE:CBZ) Stock Rating Lowered by Zacks Research

CBIZ (NYSE:CBZGet Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft began coverage on CBIZ in a report on Monday, January 12th. They issued a “hold” rating and a $60.00 price objective for the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of CBIZ in a research report on Wednesday, January 21st. Finally, CJS Securities raised CBIZ to a “strong-buy” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $60.00.

Check Out Our Latest Report on CBZ

CBIZ Stock Performance

Shares of CBZ stock traded down $3.25 during trading hours on Thursday, hitting $28.55. The company’s stock had a trading volume of 1,549,238 shares, compared to its average volume of 1,496,900. The stock has a market cap of $1.55 billion, a PE ratio of 16.13 and a beta of 0.92. CBIZ has a 12-month low of $26.97 and a 12-month high of $80.65. The company has a 50 day moving average of $42.05 and a 200 day moving average of $50.62. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.80.

CBIZ (NYSE:CBZGet Free Report) last issued its earnings results on Wednesday, February 25th. The business services provider reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.66) by ($0.04). CBIZ had a return on equity of 12.02% and a net margin of 4.19%.The business had revenue of $542.66 million for the quarter, compared to analysts’ expectations of $578.02 million. During the same period last year, the business earned ($0.20) EPS. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. On average, sell-side analysts forecast that CBIZ will post 2.65 EPS for the current fiscal year.

Insider Transactions at CBIZ

In other CBIZ news, Director Benaree Pratt Wiley sold 8,288 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $49.54, for a total transaction of $410,587.52. Following the transaction, the director owned 35,956 shares in the company, valued at approximately $1,781,260.24. This represents a 18.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.95% of the company’s stock.

Institutional Investors Weigh In On CBIZ

Several institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of CBIZ by 5.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,798 shares of the business services provider’s stock valued at $254,000 after purchasing an additional 227 shares during the period. Balyasny Asset Management L.P. lifted its stake in CBIZ by 4.9% in the second quarter. Balyasny Asset Management L.P. now owns 4,969 shares of the business services provider’s stock valued at $356,000 after buying an additional 230 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of CBIZ by 0.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,529 shares of the business services provider’s stock valued at $2,117,000 after acquiring an additional 235 shares during the period. Chatham Capital Group Inc. boosted its holdings in shares of CBIZ by 0.5% in the fourth quarter. Chatham Capital Group Inc. now owns 50,877 shares of the business services provider’s stock valued at $2,567,000 after acquiring an additional 250 shares during the period. Finally, Ethic Inc. grew its position in shares of CBIZ by 7.5% during the third quarter. Ethic Inc. now owns 4,050 shares of the business services provider’s stock worth $214,000 after acquiring an additional 283 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

CBIZ News Roundup

Here are the key news stories impacting CBIZ this week:

About CBIZ

(Get 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.

Further Reading

Analyst Recommendations for CBIZ (NYSE:CBZ)

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