CBIZ (NYSE:CBZ) Rating Lowered to Sell at StockNews.com

CBIZ (NYSE:CBZ) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

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

CBIZ Stock Up 1.9 %

CBZ stock opened at $79.36 on Wednesday. The stock has a market cap of $3.98 billion, a PE ratio of 33.63 and a beta of 0.91. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.36. The firm’s 50-day simple moving average is $69.74 and its 200 day simple moving average is $73.07. CBIZ has a fifty-two week low of $57.01 and a fifty-two week high of $86.36.

CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share for the quarter, beating 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 company had revenue of $438.90 million during the quarter, compared to analyst estimates of $440.16 million. During the same quarter last year, the firm posted $0.66 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts predict that CBIZ will post 2.65 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quest Partners LLC boosted its holdings in shares of CBIZ by 2,980.0% during the second 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 boosted its holdings in shares of CBIZ by 45.5% during 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 holdings in shares of CBIZ by 55.8% during the third quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock worth $65,000 after purchasing an additional 344 shares during the period. Quarry LP boosted its holdings in shares of 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 purchasing an additional 1,077 shares during the period. Finally, Picton Mahoney Asset Management acquired a new stake in shares of CBIZ during the second quarter worth approximately $82,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

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.