CBIZ (NYSE:CBZ) Reaches New 52-Week High – Time to Buy?

CBIZ, Inc. (NYSE:CBZ)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $86.55 and last traded at $85.80, with a volume of 31479 shares traded. The stock had previously closed at $85.42.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of CBIZ from a “sell” rating to a “hold” rating in a report on Friday, December 27th.

CBIZ Trading Up 0.4 %

The firm’s fifty day moving average price is $81.74 and its two-hundred day moving average price is $75.08. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $4.30 billion, a P/E ratio of 36.34 and a beta of 0.95.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.08. The company had revenue of $438.90 million for the quarter, compared to the consensus estimate of $440.16 million. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. CBIZ’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 EPS. As a group, equities research analysts forecast that CBIZ, Inc. will post 2.65 EPS for the current year.

Hedge Funds Weigh In On CBIZ

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC boosted its holdings in shares of CBIZ by 55.8% in the 3rd quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock valued at $65,000 after buying an additional 344 shares in the last quarter. Quarry LP increased its position in shares of CBIZ by 6,335.3% during the third quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock worth $74,000 after purchasing an additional 1,077 shares in the last quarter. KBC Group NV grew its position in shares of CBIZ by 29.7% in the third quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 356 shares in the last quarter. US Bancorp DE grew its position in CBIZ by 16.1% in the third quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock worth $121,000 after acquiring an additional 249 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in shares of CBIZ by 31.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,227 shares of the business services provider’s stock valued at $182,000 after acquiring an additional 529 shares during the period. Institutional investors own 87.44% of the company’s stock.

About CBIZ

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.