CBIZ (NYSE:CBZ) Coverage Initiated at Barrington Research

Analysts at Barrington Research began coverage on shares of CBIZ (NYSE:CBZ) in a research report issued to clients and investors on Wednesday. The brokerage set an “outperform” rating and a $45.00 price target on the business services provider’s stock. Barrington Research’s target price points to a potential upside of 47.83% from the company’s current price.

CBZ has been the subject of several other reports. Weiss Ratings upgraded CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. BMO Capital Markets assumed coverage on CBIZ in a research note on Monday, March 30th. They set an “outperform” rating and a $33.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $42.00 price objective on shares of CBIZ in a report on Thursday, April 30th. Stephens set a $37.00 target price on CBIZ in a research report on Friday, May 1st. Finally, Zacks Research upgraded shares of CBIZ from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, CBIZ has a consensus rating of “Moderate Buy” and a consensus target price of $39.25.

CBIZ Trading Up 6.2%

Shares of CBZ stock opened at $30.44 on Wednesday. CBIZ has a 12-month low of $24.29 and a 12-month high of $77.91. The company has a market capitalization of $1.63 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.53 and a beta of 0.99. The firm has a 50 day moving average price of $31.55 and a two-hundred day moving average price of $36.09. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.77.

CBIZ (NYSE:CBZ) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.22. The business had revenue of $848.58 million during the quarter, compared to analysts’ expectations of $853.46 million. CBIZ had a return on equity of 12.62% and a net margin of 5.57%.The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $2.33 EPS. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. As a group, analysts predict that CBIZ will post 4.07 earnings per share for the current year.

Institutional Investors Weigh In On CBIZ

Several institutional investors and hedge funds have recently made changes to their positions in CBZ. PNC Financial Services Group Inc. lifted its position in CBIZ by 5.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,798 shares of the business services provider’s stock valued at $254,000 after purchasing an additional 227 shares during the period. Balyasny Asset Management L.P. raised its stake in CBIZ by 4.9% during the 2nd quarter. Balyasny Asset Management L.P. now owns 4,969 shares of the business services provider’s stock worth $356,000 after buying an additional 230 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of CBIZ by 0.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,529 shares of the business services provider’s stock valued at $2,117,000 after purchasing an additional 235 shares in the last quarter. Chatham Capital Group Inc. raised its holdings in CBIZ by 0.5% during the 4th quarter. Chatham Capital Group Inc. now owns 50,877 shares of the business services provider’s stock worth $2,567,000 after buying an additional 250 shares during the period. Finally, Huntington National Bank lifted its stake in CBIZ by 13.2% in the third quarter. Huntington National Bank now owns 2,521 shares of the business services provider’s stock valued at $134,000 after buying an additional 293 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Company Profile

CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.