CBIZ (NYSE:CBZ) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of CBIZ (NYSE:CBZ) from a sell rating to a hold rating in a research report released on Friday.

CBIZ Stock Performance

Shares of CBZ opened at $82.02 on Friday. CBIZ has a 12 month low of $60.59 and a 12 month high of $86.36. The business’s fifty day simple moving average is $77.29 and its two-hundred day simple moving average is $73.87. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. The company has a market cap of $4.12 billion, a price-to-earnings ratio of 34.75 and a beta of 0.95.

CBIZ (NYSE:CBZ) last released its quarterly earnings data 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. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The firm had revenue of $438.90 million during the quarter, compared to analysts’ expectations of $440.16 million. During the same period in the previous year, the company earned $0.66 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Research analysts anticipate that CBIZ will post 2.65 earnings per share for the current fiscal year.

Institutional Trading of CBIZ

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geneva Capital Management LLC bought a new stake in CBIZ during the third quarter valued at about $19,037,000. Handelsbanken Fonder AB raised its stake in CBIZ by 2,333.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 292,000 shares of the business services provider’s stock valued at $19,649,000 after purchasing an additional 280,000 shares during the period. Blair William & Co. IL lifted its holdings in CBIZ by 134.3% in the 2nd quarter. Blair William & Co. IL now owns 305,016 shares of the business services provider’s stock worth $22,602,000 after purchasing an additional 174,825 shares in the last quarter. FMR LLC boosted its stake in CBIZ by 27.4% in the 3rd quarter. FMR LLC now owns 594,660 shares of the business services provider’s stock worth $40,015,000 after purchasing an additional 127,822 shares during the period. Finally, Summit Creek Advisors LLC grew its holdings in CBIZ by 103.3% during the 2nd quarter. Summit Creek Advisors LLC now owns 216,768 shares of the business services provider’s stock valued at $16,063,000 after buying an additional 110,153 shares in the last quarter. Hedge funds and other 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.