CBIZ (NYSE:CBZ) Downgraded by StockNews.com to “Sell”

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

Separately, Sidoti cut CBIZ from a “buy” rating to a “neutral” rating and set a $63.00 price target for the company. in a research note on Tuesday, January 2nd.

CBIZ Stock Performance

Shares of NYSE:CBZ traded down $2.78 on Friday, hitting $72.75. The company’s stock had a trading volume of 321,086 shares, compared to its average volume of 309,995. CBIZ has a 12 month low of $49.13 and a 12 month high of $79.55. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 30.57 and a beta of 0.83. The stock’s 50-day moving average is $75.72 and its two-hundred day moving average is $65.09. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.20 and a current ratio of 1.20.

CBIZ (NYSE:CBZ) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $1.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.03). CBIZ had a return on equity of 15.49% and a net margin of 7.60%. The business had revenue of $494.30 million during the quarter, compared to the consensus estimate of $490.88 million. During the same period in the previous year, the company posted $1.46 EPS. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, equities research analysts forecast that CBIZ will post 2.74 EPS for the current year.

Institutional Trading of CBIZ

Several institutional investors have recently modified their holdings of CBZ. Capital Research Global Investors acquired a new stake in shares of CBIZ in the fourth quarter valued at $47,831,000. Premier Fund Managers Ltd lifted its holdings in shares of CBIZ by 596.0% during the third quarter. Premier Fund Managers Ltd now owns 615,942 shares of the business services provider’s stock valued at $32,442,000 after purchasing an additional 527,448 shares during the last quarter. Norges Bank purchased a new stake in shares of CBIZ during the fourth quarter valued at $19,874,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of CBIZ during the fourth quarter valued at $17,804,000. Finally, Artemis Investment Management LLP purchased a new stake in shares of CBIZ during the first quarter valued at $17,148,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

CBIZ Company Profile

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.