Analysts Set CBIZ, Inc. (NYSE:CBZ) Target Price at $44.50

Shares of CBIZ, Inc. (NYSE:CBZ) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $44.50.

CBZ has been the topic of a number of research analyst reports. CJS Securities lowered CBIZ from a “market outperform” rating to a “market perform” rating and set a $55.00 target price on the stock. in a report on Thursday, July 30th. William Blair lowered CBIZ from an “outperform” rating to a “market perform” rating in a report on Wednesday. Weiss Ratings raised CBIZ from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 11th. US Capital Advisors set a $55.00 price objective on shares of CBIZ in a research note on Thursday, July 30th. Finally, Barrington Research downgraded shares of CBIZ from an “outperform” rating to a “hold” rating in a research note on Wednesday, September 16th.

Institutional Trading of CBIZ

Several hedge funds and other institutional investors have recently bought and sold shares of CBZ. BlackRock Inc. acquired a new position in shares of CBIZ during the second quarter valued at about $159,495,000. 22C Capital LLC acquired a new stake in CBIZ during the fourth quarter worth about $161,554,000. P2 Capital Partners LLC grew its position in CBIZ by 3.3% during the fourth quarter. P2 Capital Partners LLC now owns 1,773,391 shares of the business services provider’s stock worth $89,468,000 after buying an additional 57,066 shares in the last quarter. GW&K Investment Management LLC increased its stake in CBIZ by 2.9% during the fourth quarter. GW&K Investment Management LLC now owns 779,033 shares of the business services provider’s stock valued at $39,302,000 after acquiring an additional 21,603 shares during the period. Finally, Royce & Associates LP increased its stake in CBIZ by 389.3% during the fourth quarter. Royce & Associates LP now owns 659,140 shares of the business services provider’s stock valued at $33,254,000 after acquiring an additional 524,438 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

CBIZ Stock Down 0.1%

CBIZ stock opened at $54.63 on Monday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 1.31 and a beta of 0.92. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.47. CBIZ has a fifty-two week low of $24.29 and a fifty-two week high of $56.93. The firm has a fifty day moving average price of $52.50 and a two-hundred day moving average price of $38.50.

CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.19. The company had revenue of $682.21 million for the quarter, compared to the consensus estimate of $697.96 million. CBIZ had a return on equity of 12.33% and a net margin of 4.73%.The firm’s revenue was down .2% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. As a group, analysts forecast that CBIZ will post 4.17 earnings per share for the current year.

About CBIZ

CBIZ, Inc (NYSE: CBZ) is a diversified professional services company that provides accounting, tax, advisory, insurance brokerage, and employee benefits services to businesses, nonprofit organizations, government entities, and individuals. The company serves clients across a range of industries, including healthcare, construction, manufacturing, real estate, financial services, and professional services.

Its accounting and advisory offerings include audit and attest services, tax planning and compliance, financial reporting, valuation, transaction advisory, forensic accounting, and business consulting.