CBIZ (NYSE:CBZ) Stock Price Down 7.8% – What’s Next?

CBIZ, Inc. (NYSE:CBZ) shares traded down 7.8% during mid-day trading on Monday . The company traded as low as $28.83 and last traded at $28.68. Approximately 185,843 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 1,050,083 shares. The stock had previously closed at $31.10.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CBZ. Stephens set a $37.00 price target on CBIZ in a research report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $42.00 price objective on shares of CBIZ in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. BMO Capital Markets began coverage on shares of CBIZ in a research report on Monday, March 30th. They set an “outperform” rating and a $33.00 target price on the stock. Finally, Zacks Research raised shares of CBIZ from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $37.33.

CBIZ Stock Performance

The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average of $31.46 and a 200 day moving average of $36.38. The stock has a market capitalization of $1.50 billion, a P/E ratio of 11.30, a PEG ratio of 0.58 and a beta of 0.99.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.28 by $0.22. CBIZ had a net margin of 5.57% and a return on equity of 12.62%. The company had revenue of $848.58 million during the quarter, compared to analysts’ expectations of $853.46 million. During the same quarter in the prior year, the company posted $2.33 EPS. The business’s revenue was up 1.3% on a year-over-year basis. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. Research analysts anticipate that CBIZ, Inc. will post 4.07 EPS for the current fiscal year.

Institutional Investors Weigh In On CBIZ

A number of institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC raised its holdings in shares of CBIZ by 6.2% in the 1st quarter. AQR Capital Management LLC now owns 11,725 shares of the business services provider’s stock worth $889,000 after buying an additional 682 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in CBIZ by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,294 shares of the business services provider’s stock valued at $2,222,000 after buying an additional 1,318 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in CBIZ by 5.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,270 shares of the business services provider’s stock valued at $10,868,000 after buying an additional 7,676 shares in the last quarter. Jane Street Group LLC grew its position in CBIZ by 96.1% in the first quarter. Jane Street Group LLC now owns 41,240 shares of the business services provider’s stock valued at $3,128,000 after acquiring an additional 20,214 shares during the period. Finally, Prudential Financial Inc. grew its position in CBIZ by 80.4% in the second quarter. Prudential Financial Inc. now owns 6,637 shares of the business services provider’s stock valued at $492,000 after acquiring an additional 2,957 shares during the period. 87.44% of the stock is owned by institutional investors and hedge funds.

About CBIZ

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.