CBIZ (NYSE:CBZ) Sets New 52-Week Low – Here’s What Happened

CBIZ, Inc. (NYSE:CBZ) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $27.06 and last traded at $27.7950, with a volume of 195604 shares changing hands. The stock had previously closed at $29.15.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. CJS Securities raised CBIZ to a “strong-buy” rating in a research note on Thursday, December 11th. Deutsche Bank Aktiengesellschaft began coverage on CBIZ in a research report on Monday, January 12th. They set a “hold” rating and a $60.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CBIZ in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $60.00.

CBIZ Price Performance

The stock has a 50 day moving average of $42.93 and a 200-day moving average of $50.98. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $1.48 billion, a P/E ratio of 17.86 and a beta of 0.92.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Wednesday, February 25th. The business services provider reported ($0.70) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.04). CBIZ had a net margin of 3.89% and a return on equity of 14.00%. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.20) earnings per share. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. On average, equities research analysts anticipate that CBIZ, Inc. will post 2.65 earnings per share for the current fiscal year.

Insider Buying and Selling at CBIZ

In related news, Director Benaree Pratt Wiley sold 8,288 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $49.54, for a total value of $410,587.52. Following the completion of the sale, the director owned 35,956 shares in the company, valued at approximately $1,781,260.24. The trade was a 18.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.95% of the company’s stock.

Institutional Investors Weigh In On CBIZ

A number of institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in shares of CBIZ by 5.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,798 shares of the business services provider’s stock worth $254,000 after buying an additional 227 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in CBIZ by 4.9% in the second quarter. Balyasny Asset Management L.P. now owns 4,969 shares of the business services provider’s stock worth $356,000 after acquiring an additional 230 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in CBIZ by 0.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,529 shares of the business services provider’s stock worth $2,117,000 after acquiring an additional 235 shares in the last quarter. Chatham Capital Group Inc. grew its holdings in CBIZ by 0.5% during the 4th quarter. Chatham Capital Group Inc. now owns 50,877 shares of the business services provider’s stock worth $2,567,000 after acquiring an additional 250 shares in the last quarter. Finally, Ethic Inc. increased its position in CBIZ by 7.5% during the 3rd quarter. Ethic Inc. now owns 4,050 shares of the business services provider’s stock valued at $214,000 after purchasing an additional 283 shares during the period. 87.44% of the stock is owned by institutional investors.

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.