StockNews.com Downgrades CBIZ (NYSE:CBZ) to Sell

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

Separately, Sidoti raised CBIZ from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $80.00 to $86.00 in a research report on Monday, August 12th.

CBIZ Trading Up 1.0 %

Shares of CBZ stock opened at $77.88 on Wednesday. The stock has a market capitalization of $3.91 billion, a P/E ratio of 33.00 and a beta of 0.91. CBIZ has a fifty-two week low of $57.01 and a fifty-two week high of $86.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The company has a 50 day moving average price of $69.49 and a 200 day moving average price of $73.02.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.08. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The business had revenue of $438.90 million for the quarter, compared to analysts’ expectations of $440.16 million. During the same period last year, the firm earned $0.66 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts predict that CBIZ will post 2.65 EPS for the current fiscal year.

Institutional Investors Weigh In On CBIZ

Several institutional investors have recently modified their holdings of CBZ. Quest Partners LLC raised its stake in CBIZ by 2,980.0% in the second quarter. Quest Partners LLC now owns 462 shares of the business services provider’s stock valued at $34,000 after buying an additional 447 shares in the last quarter. Covestor Ltd raised its position in shares of CBIZ by 45.5% during the 1st quarter. Covestor Ltd now owns 707 shares of the business services provider’s stock worth $56,000 after acquiring an additional 221 shares in the last quarter. Signaturefd LLC lifted its stake in CBIZ by 55.8% during the third quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock worth $65,000 after purchasing an additional 344 shares during the last quarter. Quarry LP boosted its holdings in CBIZ by 6,335.3% in the third quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 1,077 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in CBIZ in the second quarter valued at approximately $82,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

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.