StockNews.com Upgrades CBIZ (NYSE:CBZ) to Hold

CBIZ (NYSE:CBZ) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

CBIZ Stock Up 1.0 %

CBZ opened at $81.25 on Thursday. CBIZ has a fifty-two week low of $60.59 and a fifty-two week high of $86.36. The company has a market capitalization of $4.08 billion, a P/E ratio of 34.43 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The firm’s fifty day moving average price is $75.48 and its two-hundred day moving average price is $73.59.

CBIZ (NYSE:CBZ) last issued its earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. The business had revenue of $438.90 million for the quarter, compared to analyst estimates of $440.16 million. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 EPS. On average, analysts anticipate that CBIZ will post 2.65 EPS for the current year.

Institutional Investors Weigh In On CBIZ

Several large investors have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in CBIZ by 22.2% during the 3rd quarter. Victory Capital Management Inc. now owns 47,943 shares of the business services provider’s stock valued at $3,226,000 after purchasing an additional 8,695 shares during the last quarter. Cannon Global Investment Management LLC bought a new position in shares of CBIZ in the third quarter valued at approximately $740,000. Quantbot Technologies LP raised its stake in shares of CBIZ by 960.9% in the third quarter. Quantbot Technologies LP now owns 38,850 shares of the business services provider’s stock valued at $2,614,000 after acquiring an additional 35,188 shares during the last quarter. Artemis Investment Management LLP boosted its holdings in shares of CBIZ by 22.8% in the 3rd quarter. Artemis Investment Management LLP now owns 332,534 shares of the business services provider’s stock worth $22,376,000 after acquiring an additional 61,754 shares in the last quarter. Finally, Citigroup Inc. grew its position in CBIZ by 205.1% during the 3rd quarter. Citigroup Inc. now owns 53,204 shares of the business services provider’s stock worth $3,580,000 after acquiring an additional 35,768 shares during 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.