CBIZ (NYSE:CBZ) Trading Up 4.3% – Should You Buy?

CBIZ, Inc. (NYSE:CBZ) shares rose 4.3% during trading on Tuesday . The stock traded as high as $68.23 and last traded at $68.21. Approximately 175,116 shares traded hands during trading, a decline of 44% from the average daily volume of 312,380 shares. The stock had previously closed at $65.41.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com lowered shares of CBIZ from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Sidoti upgraded CBIZ from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $80.00 to $86.00 in a research report on Monday, August 12th.

CBIZ Stock Up 2.8 %

The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. The company has a market cap of $3.37 billion, a P/E ratio of 26.48 and a beta of 0.92. The firm’s 50 day moving average price is $68.31 and its 200-day moving average price is $73.56.

CBIZ (NYSE:CBZ) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.29). The company had revenue of $420.00 million during the quarter, compared to the consensus estimate of $430.38 million. CBIZ had a return on equity of 14.58% and a net margin of 7.12%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 earnings per share. As a group, equities research analysts expect that CBIZ, Inc. will post 2.64 EPS for the current year.

Institutional Trading of CBIZ

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in CBIZ by 36.3% during the first quarter. Vanguard Group Inc. now owns 3,705,090 shares of the business services provider’s stock valued at $290,850,000 after purchasing an additional 986,774 shares during the period. Capital Research Global Investors increased its position in shares of CBIZ by 309.4% in the 1st quarter. Capital Research Global Investors now owns 3,128,738 shares of the business services provider’s stock valued at $245,606,000 after buying an additional 2,364,545 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in CBIZ by 1.8% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,220,013 shares of the business services provider’s stock worth $164,503,000 after buying an additional 40,215 shares during the period. Capital World Investors bought a new position in CBIZ during the first quarter worth about $40,590,000. Finally, Goldman Sachs Group Inc. lifted its holdings in CBIZ by 12.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 507,824 shares of the business services provider’s stock worth $31,785,000 after acquiring an additional 54,573 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors and hedge funds.

About CBIZ

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.