StockNews.com lowered shares of CBIZ (NYSE:CBZ - Free Report) from a hold rating to a sell rating in a research report released on Wednesday.
Separately, Sidoti raised shares of CBIZ from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $80.00 to $86.00 in a report on Monday, August 12th.
Check Out Our Latest Stock Analysis on CBZ
CBIZ Trading Up 1.0 %
CBZ stock traded up $0.81 during trading on Wednesday, hitting $77.88. The company had a trading volume of 276,937 shares, compared to its average volume of 316,849. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. CBIZ has a one year low of $57.01 and a one year high of $86.36. The business has a 50-day moving average of $69.49 and a 200-day moving average of $73.02. The stock has a market cap of $3.91 billion, a PE ratio of 33.00 and a beta of 0.91.
CBIZ (NYSE:CBZ - Get Free Report) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. The company had revenue of $438.90 million for the quarter, compared to analyst estimates of $440.16 million. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 EPS. Research analysts predict that CBIZ will post 2.65 earnings per share for the current fiscal year.
Institutional Trading of CBIZ
Several hedge funds have recently added to or reduced their stakes in the stock. Quest Partners LLC boosted its stake in CBIZ by 2,980.0% in the 2nd quarter. Quest Partners LLC now owns 462 shares of the business services provider's stock worth $34,000 after purchasing an additional 447 shares during the period. Covestor Ltd increased its holdings in shares of CBIZ by 45.5% in the first quarter. Covestor Ltd now owns 707 shares of the business services provider's stock worth $56,000 after purchasing an additional 221 shares during the period. Signaturefd LLC boosted its stake in CBIZ by 55.8% during the third quarter. Signaturefd LLC now owns 961 shares of the business services provider's stock valued at $65,000 after buying an additional 344 shares during the period. Quarry LP grew its position in CBIZ by 6,335.3% during the third quarter. Quarry LP now owns 1,094 shares of the business services provider's stock worth $74,000 after buying an additional 1,077 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new position in CBIZ in the 2nd quarter worth about $82,000. Institutional investors own 87.44% of the company's stock.
CBIZ Company Profile
(
Get Free Report)
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.
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