CBIZ (NYSE:CBZ) Shares Down 7.8% – Here’s Why

Shares of CBIZ, Inc. (NYSE:CBZ) fell 7.8% on Monday . The stock traded as low as $28.83 and last traded at $28.68. Approximately 185,843 shares were traded during trading, a decline of 82% from the average session volume of 1,050,083 shares. The stock had previously closed at $31.10.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Stephens set a $37.00 target price on CBIZ in a research note on Friday, May 1st. Zacks Research raised CBIZ from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. BMO Capital Markets assumed coverage on CBIZ in a report on Monday, March 30th. They set an “outperform” rating and a $33.00 price objective on the stock. Weiss Ratings upgraded CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, Barrington Research initiated coverage on CBIZ in a research note on Wednesday. They set an “outperform” rating and a $45.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, CBIZ currently has a consensus rating of “Moderate Buy” and an average target price of $39.25.

CBIZ Stock Down 0.1%

The firm has a market capitalization of $1.63 billion, a P/E ratio of 12.38, a PEG ratio of 0.53 and a beta of 0.99. The firm’s 50-day moving average is $31.55 and its 200 day moving average is $36.09. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.63 and a current ratio of 1.63.

CBIZ (NYSE:CBZ) last released its earnings results on Wednesday, April 29th. The business services provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.22. CBIZ had a return on equity of 12.62% and a net margin of 5.57%.The firm had revenue of $848.58 million during the quarter, compared to analysts’ expectations of $853.46 million. During the same quarter in the prior year, the company earned $2.33 EPS. The company’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. As a group, equities research analysts predict that CBIZ, Inc. will post 4.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its stake in 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 acquiring an additional 442 shares in the last quarter. Strategic Wealth Investment Group LLC acquired a new stake in shares of CBIZ in the second quarter valued at approximately $37,000. EverSource Wealth Advisors LLC lifted its position in shares of CBIZ by 667.5% in 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 in the last quarter. Danske Bank A S acquired a new position in CBIZ during the third quarter worth $42,000. Finally, Torren Management LLC acquired a new position in CBIZ during the fourth quarter worth $48,000. 87.44% of the stock is currently 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.