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

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

Zacks has also assigned CBIZ an industry rank of 214 out of 265 based on the ratings given to related companies.

Several equities research analysts have issued reports on CBZ shares. Zacks Investment Research downgraded shares of CBIZ from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. ValuEngine cut shares of CBIZ from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

CBIZ (NYSE:CBZ) traded down $0.15 on Thursday, reaching $15.95. 339,079 shares of the company’s stock traded hands, compared to its average volume of 200,731. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.39. CBIZ has a 12 month low of $12.70 and a 12 month high of $17.25. The stock has a market capitalization of $874.87, a P/E ratio of 19.69 and a beta of 0.79.

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

In other news, Director Steven L. Gerard sold 26,423 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $15.03, for a total transaction of $397,137.69. Following the transaction, the director now directly owns 349,906 shares of the company’s stock, valued at $5,259,087.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael P. Kouzelos sold 35,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $14.95, for a total transaction of $523,250.00. Following the transaction, the insider now directly owns 287,972 shares in the company, valued at $4,305,181.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 105,053 shares of company stock worth $1,575,512. Corporate insiders own 6.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CBZ. Schwab Charles Investment Management Inc. lifted its position in shares of CBIZ by 18.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 346,768 shares of the business services provider’s stock worth $5,202,000 after purchasing an additional 54,786 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of CBIZ by 21.6% during the second quarter. Bank of New York Mellon Corp now owns 372,316 shares of the business services provider’s stock worth $5,585,000 after purchasing an additional 66,066 shares in the last quarter. Legal & General Group Plc lifted its position in shares of CBIZ by 49.6% during the second quarter. Legal & General Group Plc now owns 18,360 shares of the business services provider’s stock worth $276,000 after purchasing an additional 6,091 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of CBIZ by 147.0% during the second quarter. BNP Paribas Arbitrage SA now owns 9,637 shares of the business services provider’s stock worth $145,000 after purchasing an additional 5,735 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of CBIZ by 85.2% during the second quarter. State Board of Administration of Florida Retirement System now owns 92,164 shares of the business services provider’s stock worth $1,382,000 after purchasing an additional 42,410 shares in the last quarter. 84.14% of the stock is currently owned by institutional investors and hedge funds.

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About CBIZ

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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