Zacks: CBIZ, Inc. (CBZ) Receives Average Recommendation of “Hold” from Analysts

CBIZ, Inc. (NYSE:CBZ) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Zacks has also given CBIZ an industry rank of 97 out of 265 based on the ratings given to its competitors.

Several brokerages have weighed in on CBZ. Zacks Investment Research downgraded shares of CBIZ from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. ValuEngine raised shares of CBIZ from a “hold” rating to a “buy” rating in a report on Friday, September 1st.

In other news, Director Steven L. Gerard sold 9,899 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $15.00, for a total value of $148,485.00. Following the transaction, the director now owns 333,382 shares of the company’s stock, valued at $5,000,730. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven L. Gerard sold 26,423 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $15.03, for a total transaction of $397,137.69. Following the completion of the transaction, the director now directly owns 349,906 shares in the company, valued at approximately $5,259,087.18. The disclosure for this sale can be found here. Insiders sold 105,053 shares of company stock worth $1,575,512 in the last three months. Insiders own 6.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in CBZ. Granite Investment Partners LLC increased its position in CBIZ by 34.2% in the third quarter. Granite Investment Partners LLC now owns 924,470 shares of the business services provider’s stock worth $15,022,000 after purchasing an additional 235,783 shares during the last quarter. Thrivent Financial For Lutherans bought a new stake in CBIZ in the second quarter worth $2,745,000. Northern Trust Corp increased its position in CBIZ by 22.2% in the second quarter. Northern Trust Corp now owns 984,960 shares of the business services provider’s stock worth $14,775,000 after purchasing an additional 179,219 shares during the last quarter. Nordea Investment Management AB increased its position in CBIZ by 52.0% in the second quarter. Nordea Investment Management AB now owns 458,000 shares of the business services provider’s stock worth $6,870,000 after purchasing an additional 156,600 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in CBIZ by 209.1% in the second quarter. Goldman Sachs Group Inc. now owns 227,963 shares of the business services provider’s stock worth $3,419,000 after purchasing an additional 154,207 shares during the last quarter. 84.14% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CBIZ (NYSE:CBZ) traded down $0.05 during trading hours on Tuesday, reaching $15.35. 211,171 shares of the company’s stock traded hands, compared to its average volume of 181,239. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.54 and a quick ratio of 1.54. CBIZ has a twelve month low of $12.70 and a twelve month high of $17.25. The stock has a market capitalization of $833.73, a P/E ratio of 18.95 and a beta of 0.79.

CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.04). CBIZ had a net margin of 5.34% and a return on equity of 8.94%. The firm had revenue of $207.70 million for the quarter, compared to analysts’ expectations of $212.66 million. During the same period in the prior year, the firm earned $0.20 EPS. CBIZ’s revenue for the quarter was up 4.0% compared to the same quarter last year. research analysts expect that CBIZ will post 0.84 EPS for the current year.

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CBIZ Company Profile

CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.

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