CBIZ (NYSE:CBZ) Raised to “Hold” at StockNews.com

CBIZ (NYSE:CBZ) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Separately, Sidoti upgraded shares of CBIZ from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $80.00 to $86.00 in a report on Monday, August 12th.

CBIZ Stock Up 0.7 %

Shares of NYSE CBZ opened at $78.59 on Tuesday. The firm has a market capitalization of $3.94 billion, a PE ratio of 33.30 and a beta of 0.91. 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 1 year low of $56.64 and a 1 year high of $86.36. The firm’s 50-day moving average is $68.48 and its 200-day moving average is $72.84.

CBIZ (NYSE:CBZ) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.08. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The business had revenue of $438.90 million for the quarter, compared to analyst estimates of $440.16 million. During the same quarter last year, the firm earned $0.66 EPS. CBIZ’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities analysts expect that CBIZ will post 2.65 EPS for the current year.

Hedge Funds Weigh In On CBIZ

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC boosted its position in shares of CBIZ by 2,980.0% in the second quarter. Quest Partners LLC now owns 462 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 447 shares during the period. Covestor Ltd boosted its position in shares of CBIZ by 45.5% in the first quarter. Covestor Ltd now owns 707 shares of the business services provider’s stock valued at $56,000 after acquiring an additional 221 shares during the period. Signaturefd LLC boosted its position in shares of CBIZ by 55.8% in the third quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 344 shares during the period. Picton Mahoney Asset Management acquired a new position in CBIZ in the second quarter valued at about $82,000. Finally, KBC Group NV raised its stake in CBIZ by 29.7% in the third quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 356 shares in the last quarter. 87.44% of the stock is owned by institutional investors.

About CBIZ

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.