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

Shares of CBIZ, Inc. (NYSE:CBZ) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Zacks has also given CBIZ an industry rank of 216 out of 254 based on the ratings given to related companies.

A number of brokerages have issued reports on CBZ. TheStreet raised shares of CBIZ from a “c+” rating to a “b” rating in a research note on Wednesday, May 6th. ValuEngine raised shares of CBIZ from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Zacks Investment Research cut shares of CBIZ from a “buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, CJS Securities raised shares of CBIZ from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 31st.

In related news, insider Ware H. Grove sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $23.15, for a total transaction of $231,500.00. Following the sale, the insider now directly owns 254,076 shares in the company, valued at $5,881,859.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Benaree Pratt Wiley sold 1,600 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $20.24, for a total transaction of $32,384.00. Following the sale, the director now owns 9,202 shares in the company, valued at $186,248.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,653 shares of company stock worth $328,821. Insiders own 7.40% of the company’s stock.

Several large investors have recently modified their holdings of the stock. First Republic Investment Management Inc. raised its holdings in shares of CBIZ by 1.1% during the fourth quarter. First Republic Investment Management Inc. now owns 34,989 shares of the business services provider’s stock worth $943,000 after acquiring an additional 393 shares during the period. Martingale Asset Management L P increased its stake in CBIZ by 0.3% in the 1st quarter. Martingale Asset Management L P now owns 283,957 shares of the business services provider’s stock valued at $5,941,000 after buying an additional 899 shares during the last quarter. HighTower Advisors LLC increased its stake in CBIZ by 10.8% in the 1st quarter. HighTower Advisors LLC now owns 11,623 shares of the business services provider’s stock valued at $244,000 after buying an additional 1,130 shares during the last quarter. Rhumbline Advisers increased its stake in CBIZ by 1.7% in the 4th quarter. Rhumbline Advisers now owns 84,874 shares of the business services provider’s stock valued at $2,288,000 after buying an additional 1,432 shares during the last quarter. Finally, Swiss National Bank increased its stake in CBIZ by 1.6% in the 4th quarter. Swiss National Bank now owns 99,600 shares of the business services provider’s stock valued at $2,685,000 after buying an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 87.88% of the company’s stock.

CBZ stock traded up $0.43 during midday trading on Friday, reaching $23.04. The company’s stock had a trading volume of 533,361 shares, compared to its average volume of 417,387. CBIZ has a 52 week low of $16.85 and a 52 week high of $28.73. The stock has a market cap of $1.23 billion, a PE ratio of 17.94 and a beta of 0.59. The company has a quick ratio of 2.18, a current ratio of 2.18 and a debt-to-equity ratio of 0.76. The business’s 50-day simple moving average is $23.11 and its 200-day simple moving average is $24.58.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.05). CBIZ had a net margin of 7.33% and a return on equity of 10.74%. The business had revenue of $277.50 million during the quarter, compared to the consensus estimate of $277.61 million. During the same period in the previous year, the business posted $0.67 earnings per share. CBIZ’s revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts forecast that CBIZ will post 1.11 earnings per share for the current fiscal year.

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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