CBIZ (NYSE:CBZ) Stock Price Up 4.6% – What’s Next?

CBIZ, Inc. (NYSE:CBZ)’s share price shot up 4.6% on Monday . The company traded as high as $39.49 and last traded at $39.51. 33,555 shares were traded during mid-day trading, a decline of 97% from the average session volume of 1,036,204 shares. The stock had previously closed at $37.79.

Analyst Ratings Changes

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

CBIZ Trading Up 6.4%

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 firm has a fifty day moving average price of $32.51 and a 200 day moving average price of $34.42. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 0.80 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 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.22. CBIZ had a net margin of 5.57% and a return on equity of 12.62%. 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 previous year, the company earned $2.33 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. As a group, equities analysts predict that CBIZ, Inc. will post 4.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its holdings in shares of CBIZ by 377.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 442 shares during the period. Strategic Wealth Investment Group LLC acquired a new stake in CBIZ in the 2nd quarter valued at about $37,000. EverSource Wealth Advisors LLC grew its holdings in CBIZ by 667.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,512 shares of the business services provider’s stock worth $41,000 after purchasing an additional 1,315 shares during the period. Danske Bank A S bought a new position in CBIZ during the third quarter worth about $42,000. Finally, Torren Management LLC acquired a new position in CBIZ during the fourth quarter worth approximately $48,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

About CBIZ

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.