StockNews.com Downgrades CBIZ (NYSE:CBZ) to Sell

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

Separately, Sidoti cut shares of CBIZ from a buy rating to a neutral rating and set a $63.00 price target for the company. in a research note on Tuesday, January 2nd.

CBIZ Stock Performance

Shares of NYSE:CBZ opened at $72.75 on Friday. CBIZ has a 52 week low of $49.13 and a 52 week high of $79.55. The stock has a market capitalization of $3.65 billion, a P/E ratio of 29.45 and a beta of 0.83. The firm has a fifty day simple moving average of $75.72 and a two-hundred day simple moving average of $65.09. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.39.

CBIZ (NYSE:CBZ) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.03). CBIZ had a return on equity of 15.79% and a net margin of 7.65%. The business had revenue of $494.30 million during the quarter, compared to analysts’ expectations of $490.88 million. During the same period in the previous year, the business earned $1.46 earnings per share. The business’s quarterly revenue was up 8.7% on a year-over-year basis. On average, analysts expect that CBIZ will post 2.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CBIZ

A number of large investors have recently made changes to their positions in the company. Assetmark Inc. boosted its stake in shares of CBIZ by 24.8% during the 4th quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock worth $57,000 after purchasing an additional 180 shares during the period. Moran Wealth Management LLC boosted its stake in shares of CBIZ by 3.9% during the 4th quarter. Moran Wealth Management LLC now owns 5,093 shares of the business services provider’s stock worth $319,000 after purchasing an additional 189 shares during the period. Diversified Trust Co boosted its stake in shares of CBIZ by 2.6% during the 3rd quarter. Diversified Trust Co now owns 9,881 shares of the business services provider’s stock worth $513,000 after purchasing an additional 251 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in CBIZ by 6.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 4,381 shares of the business services provider’s stock valued at $227,000 after buying an additional 257 shares in the last quarter. Finally, Bridge City Capital LLC lifted its holdings in CBIZ by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 45,781 shares of the business services provider’s stock valued at $3,594,000 after buying an additional 359 shares in the last quarter. 87.44% of the stock is owned by hedge funds and other institutional investors.

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.