CBIZ (NYSE:CBZ) Shares Up 6.3% – Time to Buy?

CBIZ, Inc. (NYSE:CBZ) was up 6.3% on Monday . The company traded as high as $30.89 and last traded at $30.74. Approximately 49,859 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 1,154,787 shares. The stock had previously closed at $28.92.

Analyst Upgrades and Downgrades

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

CBIZ Price Performance

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’s fifty day moving average is $28.55 and its 200 day moving average is $39.39. The company has a market cap of $1.66 billion, a P/E ratio of 12.41, a PEG ratio of 0.57 and a beta of 0.97.

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

Insider Transactions at CBIZ

In other CBIZ news, CFO Brad S. Lakhia acquired 12,775 shares of the company’s stock in a transaction on Friday, March 13th. The shares were acquired at an average cost of $25.97 per share, with a total value of $331,766.75. Following the completion of the acquisition, the chief financial officer directly owned 148,480 shares in the company, valued at $3,856,025.60. This trade represents a 9.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.10% of the company’s stock.

Hedge Funds Weigh In On CBIZ

Hedge funds have recently made changes to their positions in the stock. WCM Investment Management LLC bought a new stake in shares of CBIZ during the third quarter valued at about $15,011,000. Y Intercept Hong Kong Ltd bought a new position in shares of CBIZ in the third quarter valued at approximately $3,895,000. Montrusco Bolton Investments Inc. grew its stake in CBIZ by 18.6% during the third quarter. Montrusco Bolton Investments Inc. now owns 276,821 shares of the business services provider’s stock valued at $14,660,000 after acquiring an additional 43,431 shares in the last quarter. CenterBook Partners LP purchased a new position in CBIZ during the third quarter valued at approximately $5,212,000. Finally, Sunriver Management LLC bought a new stake in CBIZ during the 3rd quarter worth approximately $31,605,000. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

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.