CBIZ (NYSE:CBZ) Rating Increased to Hold at StockNews.com

CBIZ (NYSE:CBZ) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

CBIZ Trading Up 0.0 %

Shares of CBZ stock traded up $0.01 during trading hours on Thursday, hitting $73.73. 249,497 shares of the company were exchanged, compared to its average volume of 297,781. The firm has a market cap of $3.69 billion, a PE ratio of 29.85 and a beta of 0.91. CBIZ has a 1 year low of $49.15 and a 1 year high of $80.42. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average of $75.72 and a 200 day moving average of $71.41.

CBIZ (NYSE:CBZ) last posted its quarterly earnings results 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). CBIZ had a net margin of 7.65% and a return on equity of 15.43%. The business had revenue of $494.30 million during the quarter, compared to analysts’ expectations of $490.88 million. During the same quarter in the previous year, the business posted $1.46 EPS. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Analysts expect that CBIZ will post 2.74 earnings per share for the current year.

Institutional Investors Weigh In On CBIZ

Hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank raised its stake in shares of CBIZ by 17.8% during the first quarter. Comerica Bank now owns 3,719 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 563 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in CBIZ by 6.6% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 303,096 shares of the business services provider’s stock valued at $23,793,000 after acquiring an additional 18,638 shares in the last quarter. Aristides Capital LLC purchased a new position in CBIZ during the 1st quarter valued at about $298,000. Capital World Investors purchased a new position in CBIZ during the 1st quarter valued at about $40,590,000. Finally, Capital Research Global Investors lifted its holdings in shares of CBIZ by 309.4% during the 1st quarter. Capital Research Global Investors now owns 3,128,738 shares of the business services provider’s stock valued at $245,606,000 after buying an additional 2,364,545 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

CBIZ Company Profile

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.