CBIZ (NYSE:CBZ) Stock Price Up 5.9% – Time to Buy?

CBIZ, Inc. (NYSE:CBZ) shot up 5.9% during trading on Tuesday . The stock traded as high as $37.26 and last traded at $37.4610. Approximately 126,093 shares were traded during trading, a decline of 88% from the average daily volume of 1,047,867 shares. The stock had previously closed at $35.36.

Analyst Ratings Changes

Several brokerages have issued reports on CBZ. Zacks Research upgraded shares of CBIZ from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. BMO Capital Markets began coverage on shares of CBIZ in a research report on Monday, March 30th. They set an “outperform” rating and a $33.00 price objective on the stock. Stephens set a $37.00 price objective on shares of CBIZ in a report on Friday, May 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $42.00 target price on shares of CBIZ in a research report on Thursday, April 30th. Finally, Barrington Research assumed coverage on CBIZ in a research report on Wednesday, June 24th. They set an “outperform” rating and a $45.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.25.

CBIZ Stock Up 5.4%

The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.63 and a current ratio of 1.63. The stock’s 50 day moving average price is $32.08 and its 200-day moving average price is $34.85. The company has a market cap of $2.00 billion, a PE ratio of 14.95, a PEG ratio of 0.74 and a beta of 0.99.

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

Institutional Investors Weigh In On CBIZ

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sunriver Management LLC purchased a new position in CBIZ in the 3rd quarter worth approximately $31,605,000. Allspring Global Investments Holdings LLC boosted its stake in shares of CBIZ by 18.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 977,046 shares of the business services provider’s stock valued at $49,634,000 after purchasing an additional 155,563 shares during the period. SG Americas Securities LLC bought a new position in shares of CBIZ in the fourth quarter worth approximately $35,653,000. Royce & Associates LP increased its stake in shares of CBIZ by 389.3% in the fourth quarter. Royce & Associates LP now owns 659,140 shares of the business services provider’s stock worth $33,254,000 after buying an additional 524,438 shares during the period. Finally, Clearline Capital LP purchased a new position in shares of CBIZ in the fourth quarter worth $1,190,000. Institutional investors 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.