CBIZ (NYSE:CBZ) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of CBIZ (NYSE:CBZ) from a hold rating to a sell rating in a research note released on Wednesday morning.

Separately, Sidoti raised CBIZ from a “neutral” rating to a “buy” rating and upped their target price for the stock from $80.00 to $86.00 in a research report on Monday, August 12th.

CBIZ Stock Up 1.7 %

CBIZ stock opened at $80.79 on Wednesday. The company has a market capitalization of $4.05 billion, a PE ratio of 34.23 and a beta of 0.91. CBIZ has a 12-month low of $57.01 and a 12-month high of $86.36. The firm’s fifty day moving average is $69.74 and its 200 day moving average is $73.07. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36.

CBIZ (NYSE:CBZ) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The company had revenue of $438.90 million for the quarter, compared to analysts’ expectations of $440.16 million. During the same quarter in the prior year, the firm earned $0.66 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts predict that CBIZ will post 2.65 EPS for the current fiscal year.

Hedge Funds Weigh In On CBIZ

Several large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its holdings in CBIZ by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,109,074 shares of the business services provider’s stock worth $74,644,000 after purchasing an additional 11,615 shares in the last quarter. Barclays PLC boosted its position in shares of CBIZ by 362.1% during the third quarter. Barclays PLC now owns 78,711 shares of the business services provider’s stock valued at $5,298,000 after buying an additional 61,679 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in CBIZ by 12.0% during the third quarter. Public Employees Retirement System of Ohio now owns 120,155 shares of the business services provider’s stock worth $8,085,000 after buying an additional 12,867 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in CBIZ in the 3rd quarter valued at $511,000. Finally, Kensington Investment Counsel LLC lifted its stake in CBIZ by 3.4% during the 3rd quarter. Kensington Investment Counsel LLC now owns 20,079 shares of the business services provider’s stock valued at $1,351,000 after acquiring an additional 667 shares in the last quarter. Institutional investors own 87.44% of the company’s stock.

CBIZ Company Profile

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.