CBIZ (NYSE:CBZ) Shares Gap Up – Still a Buy?

CBIZ, Inc. (NYSE:CBZ)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $28.66, but opened at $29.75. CBIZ shares last traded at $30.7030, with a volume of 44,675 shares.

Wall Street Analysts Forecast Growth

CBZ has been the topic of a number of recent research reports. Stephens set a $37.00 price objective on shares of CBIZ in a report on Friday, May 1st. Weiss Ratings upgraded shares of CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Zacks Research raised shares of CBIZ from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $42.00 price target on shares of CBIZ in a research note on Thursday, April 30th. Finally, BMO Capital Markets assumed coverage on shares of CBIZ in a research report on Monday, March 30th. They set an “outperform” rating and a $33.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, CBIZ has an average rating of “Hold” and a consensus target price of $37.33.

CBIZ Trading Up 6.6%

The company has a market cap of $1.64 billion, a P/E ratio of 12.38, a PEG ratio of 0.58 and a beta of 0.99. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average price of $31.48 and a 200-day moving average price of $36.23.

CBIZ (NYSE:CBZ) last released its earnings results on Wednesday, April 29th. The business services provider reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.28 by $0.22. The business had revenue of $848.58 million during the quarter, compared to analysts’ expectations of $853.46 million. CBIZ had a net margin of 5.57% and a return on equity of 12.62%. The firm’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the business earned $2.33 earnings per share. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. Analysts forecast that CBIZ, Inc. will post 4.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Durable Capital Partners LP bought a new position in CBIZ during the third quarter worth about $207,872,000. 22C Capital LLC bought a new stake in CBIZ in the fourth quarter valued at approximately $161,554,000. Bank of Montreal Can acquired a new stake in shares of CBIZ in the fourth quarter valued at approximately $113,596,000. SG Americas Securities LLC acquired a new stake in shares of CBIZ in the fourth quarter valued at approximately $35,653,000. Finally, Sunriver Management LLC bought a new position in shares of CBIZ during the 3rd quarter worth approximately $31,605,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

About CBIZ

CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.