CBIZ (NYSE:CBZ) Hits New 12-Month Low – Here’s Why

Shares of CBIZ, Inc. (NYSE:CBZ) hit a new 52-week low on Tuesday . The stock traded as low as $48.64 and last traded at $49.3140, with a volume of 505583 shares traded. The stock had previously closed at $50.22.

Analyst Ratings Changes

A number of equities research analysts have commented on CBZ shares. Weiss Ratings cut CBIZ from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 24th. William Blair reissued an “outperform” rating on shares of CBIZ in a report on Friday, September 5th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

CBIZ Stock Down 1.8%

The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.79. The business’s 50-day moving average is $53.24 and its two-hundred day moving average is $63.31. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 32.44 and a beta of 0.90.

CBIZ (NYSE:CBZ) last released its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.07. CBIZ had a return on equity of 14.02% and a net margin of 3.89%.The business had revenue of $693.82 million during the quarter, compared to analysts’ expectations of $709.18 million. During the same period in the prior year, the business posted $0.93 EPS. The company’s revenue was up 58.1% compared to the same quarter last year. CBIZ has set its FY 2025 guidance at 3.600-3.650 EPS. Equities analysts anticipate that CBIZ, Inc. will post 2.65 EPS for the current year.

Institutional Investors Weigh In On CBIZ

Several large investors have recently modified their holdings of CBZ. Vestcor Inc raised its position in CBIZ by 5.3% in the first quarter. Vestcor Inc now owns 2,922 shares of the business services provider’s stock valued at $222,000 after purchasing an additional 148 shares during the period. Assetmark Inc. raised its holdings in shares of CBIZ by 19.9% during the 1st quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock valued at $69,000 after buying an additional 150 shares during the period. Vista Finance LLC raised its holdings in shares of CBIZ by 4.0% during the 2nd quarter. Vista Finance LLC now owns 3,856 shares of the business services provider’s stock valued at $277,000 after buying an additional 150 shares during the period. Avantax Advisory Services Inc. lifted its position in CBIZ by 4.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,956 shares of the business services provider’s stock worth $376,000 after acquiring an additional 209 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in CBIZ by 5.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,798 shares of the business services provider’s stock worth $254,000 after acquiring an additional 227 shares during the period. 87.44% of the stock is 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.