CBIZ (NYSE:CBZ) Upgraded at StockNews.com

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

Separately, Sidoti raised CBIZ from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $80.00 to $86.00 in a report on Monday, August 12th.

CBIZ Price Performance

Shares of NYSE CBZ opened at $79.20 on Tuesday. 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 has a market capitalization of $3.97 billion, a PE ratio of 33.56 and a beta of 0.95. CBIZ has a 1-year low of $57.79 and a 1-year high of $86.36. The business’s fifty day moving average price is $73.38 and its two-hundred day moving average price is $73.38.

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, topping analysts’ consensus estimates of $0.76 by $0.08. The business had revenue of $438.90 million for the quarter, compared to analysts’ expectations of $440.16 million. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS. On average, research analysts expect that CBIZ will post 2.65 EPS for the current year.

Institutional Investors Weigh In On CBIZ

Several institutional investors have recently bought and sold shares of the stock. Quest Partners LLC raised its position in shares of CBIZ by 2,980.0% during the 2nd quarter. Quest Partners LLC now owns 462 shares of the business services provider’s stock worth $34,000 after buying an additional 447 shares in the last quarter. Signaturefd LLC increased its stake in shares of CBIZ by 55.8% during the third quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 344 shares during the period. Quarry LP raised its holdings in CBIZ by 6,335.3% during the third quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock worth $74,000 after purchasing an additional 1,077 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in CBIZ in the second quarter worth approximately $82,000. Finally, KBC Group NV boosted its stake in CBIZ by 29.7% during the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 356 shares in the last quarter. Institutional investors and hedge funds 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.