CBIZ, Inc. (CBZ) Receives Average Recommendation of “Strong Buy” from Brokerages

CBIZ, Inc. (NYSE:CBZ) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Zacks has also assigned CBIZ an industry rank of 181 out of 255 based on the ratings given to its competitors.

CBZ has been the subject of several research reports. Zacks Investment Research upgraded shares of CBIZ from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Friday, February 15th. ValuEngine lowered shares of CBIZ from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th.

Shares of NYSE:CBZ opened at $20.59 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.32 and a quick ratio of 1.32. CBIZ has a fifty-two week low of $18.30 and a fifty-two week high of $24.38. The firm has a market cap of $1.14 billion, a P/E ratio of 18.89 and a beta of 0.50.

CBIZ (NYSE:CBZ) last issued its earnings results on Wednesday, February 13th. The business services provider reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.02. CBIZ had a net margin of 6.68% and a return on equity of 10.45%. The firm had revenue of $199.00 million during the quarter, compared to analyst estimates of $202.33 million. During the same quarter in the prior year, the business earned $0.04 earnings per share. CBIZ’s revenue for the quarter was up 2.1% on a year-over-year basis. Research analysts anticipate that CBIZ will post 1.2 earnings per share for the current year.

In other CBIZ news, insider Ware H. Grove sold 4,500 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $20.10, for a total transaction of $90,450.00. Following the completion of the transaction, the insider now owns 267,596 shares in the company, valued at $5,378,679.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael P. Kouzelos sold 18,200 shares of the stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $21.27, for a total transaction of $387,114.00. Following the transaction, the insider now owns 299,184 shares of the company’s stock, valued at approximately $6,363,643.68. The disclosure for this sale can be found here. Insiders have sold 35,442 shares of company stock valued at $737,163 in the last quarter. 7.20% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in CBZ. Meeder Asset Management Inc. lifted its holdings in shares of CBIZ by 121.7% in the 4th quarter. Meeder Asset Management Inc. now owns 1,377 shares of the business services provider’s stock worth $27,000 after acquiring an additional 756 shares during the last quarter. Quantamental Technologies LLC bought a new stake in shares of CBIZ in the 4th quarter worth about $43,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of CBIZ by 54.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,839 shares of the business services provider’s stock worth $76,000 after acquiring an additional 1,361 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of CBIZ by 484.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 9,316 shares of the business services provider’s stock worth $184,000 after acquiring an additional 7,721 shares during the last quarter. Finally, First Quadrant L P CA lifted its holdings in shares of CBIZ by 27.1% in the 4th quarter. First Quadrant L P CA now owns 11,845 shares of the business services provider’s stock worth $233,000 after acquiring an additional 2,523 shares during the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.

CBIZ Company Profile

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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