CBIZ (NYSE:CBZ) Stock Price Up 6.3% – Here’s Why

CBIZ, Inc. (NYSE:CBZ) shares were up 6.3% during trading on Monday . The company traded as high as $30.89 and last traded at $30.74. Approximately 49,859 shares were traded during trading, a decline of 96% from the average daily volume of 1,154,787 shares. The stock had previously closed at $28.92.

Analysts Set New Price Targets

A number of analysts have commented on CBZ shares. Stephens set a $37.00 target price on CBIZ in a research report on Friday, May 1st. Zacks Research upgraded CBIZ from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $42.00 target price on shares of CBIZ in a research report on Thursday, April 30th. BMO Capital Markets began coverage on CBIZ in a research report on Monday, March 30th. They set an “outperform” rating and a $33.00 target price on the stock. Finally, Weiss Ratings upgraded CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.33.

CBIZ Price Performance

The company has a debt-to-equity ratio of 0.77, a current ratio of 1.63 and a quick ratio of 1.63. The company has a 50-day moving average price of $28.49 and a 200-day moving average price of $39.68. The firm has a market capitalization of $1.69 billion, a PE ratio of 12.63, a P/E/G ratio of 0.54 and a beta of 0.97.

CBIZ (NYSE:CBZ) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $0.22. CBIZ had a return on equity of 12.62% and a net margin of 5.57%.The business had revenue of $848.58 million for the quarter, compared to the consensus estimate of $853.46 million. During the same period in the prior year, the business earned $2.33 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. Sell-side analysts forecast that CBIZ, Inc. will post 4.07 EPS for the current year.

Insider Buying and Selling

In other news, CFO Brad S. Lakhia bought 12,775 shares of CBIZ stock in a transaction on Friday, March 13th. The shares were bought at an average price of $25.97 per share, with a total value of $331,766.75. Following the acquisition, the chief financial officer directly owned 148,480 shares in the company, valued at approximately $3,856,025.60. This represents a 9.41% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.10% of the stock is currently owned by corporate insiders.

Institutional Trading of CBIZ

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC grew its holdings in shares of CBIZ by 6.2% in the 1st quarter. AQR Capital Management LLC now owns 11,725 shares of the business services provider’s stock worth $889,000 after acquiring an additional 682 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of CBIZ by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,294 shares of the business services provider’s stock worth $2,222,000 after buying an additional 1,318 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of CBIZ by 5.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,270 shares of the business services provider’s stock worth $10,868,000 after buying an additional 7,676 shares during the last quarter. Jane Street Group LLC lifted its position in shares of CBIZ by 96.1% in the first quarter. Jane Street Group LLC now owns 41,240 shares of the business services provider’s stock worth $3,128,000 after buying an additional 20,214 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of CBIZ by 80.4% during the 2nd quarter. Prudential Financial Inc. now owns 6,637 shares of the business services provider’s stock worth $492,000 after purchasing an additional 2,957 shares during the last quarter. 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.