CBIZ, Inc. (CBZ) Lifted to Hold at BidaskClub
BidaskClub upgraded shares of CBIZ, Inc. (NYSE:CBZ) from a sell rating to a hold rating in a research report released on Tuesday.
Several other analysts also recently commented on the stock. Zacks Investment Research raised shares of CBIZ from a hold rating to a strong-buy rating and set a $17.00 target price for the company in a report on Friday, August 4th. ValuEngine upgraded shares of CBIZ from a hold rating to a buy rating in a research note on Friday, June 2nd.
Shares of CBIZ (CBZ) opened at 14.55 on Tuesday. CBIZ has a one year low of $10.73 and a one year high of $15.90. The company has a market capitalization of $790.46 million, a PE ratio of 17.22 and a beta of 0.91. The company has a 50-day moving average of $14.94 and a 200-day moving average of $14.52.
CBIZ (NYSE:CBZ) last announced its earnings results on Thursday, August 3rd. The business services provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $211 million during the quarter, compared to the consensus estimate of $207.42 million. CBIZ had a net margin of 5.54% and a return on equity of 9.42%. CBIZ’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 EPS. On average, analysts anticipate that CBIZ will post $0.87 earnings per share for the current year.
In other news, insider Ware H. Grove sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $15.10, for a total value of $377,500.00. Following the completion of the transaction, the insider now directly owns 258,272 shares in the company, valued at approximately $3,899,907.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ware H. Grove sold 22,927 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $15.25, for a total transaction of $349,636.75. Following the completion of the transaction, the insider now owns 262,673 shares of the company’s stock, valued at $4,005,763.25. The disclosure for this sale can be found here. 7.20% of the stock is owned by insiders.
Several institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its position in shares of CBIZ by 147.0% in the second quarter. BNP Paribas Arbitrage SA now owns 9,637 shares of the business services provider’s stock valued at $145,000 after buying an additional 5,735 shares during the last quarter. Two Sigma Securities LLC purchased a new position in shares of CBIZ during the first quarter valued at approximately $141,000. Gotham Asset Management LLC purchased a new position in shares of CBIZ during the first quarter valued at approximately $151,000. Ameriprise Financial Inc. boosted its position in shares of CBIZ by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 13,710 shares of the business services provider’s stock valued at $186,000 after buying an additional 350 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of CBIZ during the first quarter valued at approximately $215,000. Institutional investors own 85.12% of the company’s stock.
CBIZ Company Profile
CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.
Receive News & Stock Ratings for CBIZ Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBIZ Inc. and related stocks with our FREE daily email newsletter.