CBIZ (NYSE:CBZ) Downgraded to “Sell” at StockNews.com

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

Separately, Sidoti lowered 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 Trading Down 3.7 %

NYSE:CBZ opened at $72.75 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 29.45 and a beta of 0.83. CBIZ has a 52 week low of $49.13 and a 52 week high of $79.55. The firm has a 50-day moving average price of $75.72 and a two-hundred day moving average price of $65.09.

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

Institutional Investors Weigh In On CBIZ

Large investors have recently modified their holdings of the stock. Fortis Group Advisors LLC purchased a new stake in shares of CBIZ during the 3rd quarter worth approximately $45,000. Assetmark Inc. grew its stake in CBIZ by 24.8% in the 4th quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock valued at $57,000 after buying an additional 180 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in CBIZ in the 4th quarter valued at approximately $63,000. Exchange Traded Concepts LLC purchased a new position in CBIZ in the 4th quarter valued at approximately $172,000. Finally, Compass Ion Advisors LLC purchased a new position in CBIZ in the 3rd quarter valued at approximately $202,000. Hedge funds and other institutional investors own 87.44% of the company’s stock.

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.