CBIZ (NYSE:CBZ) Trading Up 6.3% – What’s Next?

CBIZ, Inc. (NYSE:CBZ) shares traded up 6.3% during mid-day trading on Monday . The company traded as high as $30.89 and last traded at $30.74. 49,859 shares were traded during mid-day trading, a decline of 96% from the average session volume of 1,154,787 shares. The stock had previously closed at $28.92.

Analyst Upgrades and Downgrades

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

CBIZ Price Performance

The company has a market cap of $1.69 billion, a P/E ratio of 12.63, a P/E/G ratio of 0.54 and a beta of 0.97. The firm has a 50 day moving average price of $28.49 and a two-hundred day moving average price of $39.68. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.63 and a current ratio of 1.63.

CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.22. The firm had revenue of $848.58 million for the quarter, compared to analysts’ expectations of $853.46 million. CBIZ had a return on equity of 12.62% and a net margin of 5.57%.The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.33 EPS. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. On average, analysts predict that CBIZ, Inc. will post 4.07 EPS for the current fiscal year.

Insider Buying and Selling at CBIZ

In other news, CFO Brad S. Lakhia acquired 12,775 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost of $25.97 per share, for a total transaction of $331,766.75. Following the acquisition, the chief financial officer directly owned 148,480 shares in the company, valued at approximately $3,856,025.60. The trade was a 9.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 4.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Durable Capital Partners LP purchased a new position in CBIZ in the 3rd quarter worth about $207,872,000. 22C Capital LLC purchased a new stake in CBIZ in the fourth quarter worth approximately $161,554,000. Bank of Montreal Can bought a new position in shares of CBIZ during the 4th quarter valued at $113,596,000. P2 Capital Partners LLC grew its holdings in shares of CBIZ by 3.3% in 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 acquiring an additional 57,066 shares during the period. Finally, State Street Corp increased its position in CBIZ by 4.6% during the second quarter. State Street Corp now owns 1,210,801 shares of the business services provider’s stock valued at $86,827,000 after acquiring an additional 53,099 shares during the last quarter. 87.44% of the stock is owned by institutional investors.

CBIZ Company Profile

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.