Shares of CBIZ Inc. (NYSE:CBZ) have received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. CBIZ’s rating score has improved by 33.3% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a one year consensus price target of $11.75 for the company and are forecasting that the company will post $0.20 earnings per share for the current quarter, according to Zacks. Zacks has also assigned CBIZ an industry rank of 165 out of 265 based on the ratings given to its competitors.
CBZ has been the subject of several research reports. Zacks Investment Research cut shares of CBIZ from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Sidoti assumed coverage on CBIZ in a report on Tuesday, July 19th. They issued a “buy” rating for the company.
In other news, insider Chris Spurio sold 7,000 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $11.60, for a total value of $81,200.00. Following the completion of the sale, the insider now owns 186,140 shares of the company’s stock, valued at approximately $2,159,224. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Steven L. Gerard sold 46,216 shares of the stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $11.35, for a total value of $524,551.60. Following the completion of the sale, the director now directly owns 385,756 shares of the company’s stock, valued at approximately $4,378,330.60. The disclosure for this sale can be found here. 7.20% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Nationwide Fund Advisors increased its stake in shares of CBIZ by 1.8% in the second quarter. Nationwide Fund Advisors now owns 43,855 shares of the company’s stock valued at $457,000 after buying an additional 769 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of CBIZ by 8.4% in the second quarter. Ameriprise Financial Inc. now owns 13,490 shares of the company’s stock valued at $140,000 after buying an additional 1,040 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of CBIZ by 1.1% in the second quarter. Public Employees Retirement System of Ohio now owns 128,448 shares of the company’s stock valued at $1,337,000 after buying an additional 1,448 shares in the last quarter. BlackRock Advisors LLC increased its stake in shares of CBIZ by 7.2% in the second quarter. BlackRock Advisors LLC now owns 24,920 shares of the company’s stock valued at $259,000 after buying an additional 1,682 shares in the last quarter. Finally, Zacks Investment Management increased its stake in shares of CBIZ by 2.2% in the second quarter. Zacks Investment Management now owns 80,751 shares of the company’s stock valued at $841,000 after buying an additional 1,709 shares in the last quarter. 84.62% of the stock is owned by institutional investors.
CBIZ (NYSE:CBZ) opened at 11.05 on Wednesday. CBIZ has a 12 month low of $9.30 and a 12 month high of $11.82. The company’s 50-day moving average is $11.29 and its 200-day moving average is $10.69. The company has a market cap of $580.13 million, a price-to-earnings ratio of 15.56 and a beta of 0.69.
CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.01. The business had revenue of $197 million for the quarter, compared to the consensus estimate of $198.70 million. CBIZ had a return on equity of 11.75% and a net margin of 4.94%. CBIZ’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share. On average, equities research analysts anticipate that CBIZ will post $0.75 earnings per share for the current year.
CBIZ, Inc is engaged in providing professional business services, products and solutions to businesses, as well as individuals, governmental entities and not-for-profit enterprises, throughout the United States and parts of Canada. The Company’s business units are aggregated into three practice groups: Financial Services, National Practices and Employee Services.
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