Shares of CBIZ, Inc. (NYSE:CBZ) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.
Zacks has also assigned CBIZ an industry rank of 72 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded CBIZ from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Friday, August 2nd.
CBIZ (NYSE:CBZ) last posted its earnings results on Wednesday, July 31st. The business services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. CBIZ had a net margin of 7.18% and a return on equity of 10.89%. The firm had revenue of $235.50 million during the quarter, compared to analyst estimates of $243.01 million. During the same period last year, the firm posted $0.23 earnings per share. CBIZ’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, sell-side analysts expect that CBIZ will post 1.22 earnings per share for the current fiscal year.
In related news, insider Ware H. Grove sold 25,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $23.24, for a total value of $581,000.00. Following the completion of the sale, the insider now directly owns 288,096 shares in the company, valued at $6,695,351.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Todd J. Slotkin sold 2,000 shares of CBIZ stock in a transaction on Friday, June 14th. The stock was sold at an average price of $20.41, for a total value of $40,820.00. Following the sale, the director now owns 44,482 shares of the company’s stock, valued at $907,877.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 37,000 shares of company stock valued at $827,020. 7.40% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new stake in shares of CBIZ during the second quarter worth $37,000. US Bancorp DE bought a new stake in shares of CBIZ in the second quarter valued at about $47,000. Point72 Hong Kong Ltd raised its holdings in shares of CBIZ by 4,600.0% in the second quarter. Point72 Hong Kong Ltd now owns 2,632 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 2,576 shares in the last quarter. Quantamental Technologies LLC raised its holdings in shares of CBIZ by 40.9% in the first quarter. Quantamental Technologies LLC now owns 3,100 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 900 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of CBIZ by 21.2% in the second quarter. SG Americas Securities LLC now owns 8,439 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 1,478 shares in the last quarter. Institutional investors and hedge funds own 87.40% of the company’s stock.
CBIZ, Inc provides professional business services, products, and solutions that help its clients in managing finances and employees. It offers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services group provides accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services.
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