Brokerages Set CBIZ, Inc. (NYSE:CBZ) PT at $37.33

CBIZ, Inc. (NYSE:CBZ) has received an average rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $37.3333.

A number of analysts have weighed in on CBZ shares. Stephens set a $37.00 price target on CBIZ in a research report on Friday, May 1st. BMO Capital Markets started coverage on CBIZ in a research report on Monday, March 30th. They issued an “outperform” rating and a $33.00 price target on the stock. Weiss Ratings upgraded CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Zacks Research upgraded CBIZ from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $42.00 price target on shares of CBIZ in a research report on Thursday, April 30th.

CBIZ Stock Performance

CBZ opened at $31.12 on Friday. The stock has a market cap of $1.67 billion, a PE ratio of 12.50, a P/E/G 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. CBIZ has a 1 year low of $24.29 and a 1 year high of $77.91. The stock’s 50 day simple moving average is $31.46 and its 200-day simple moving average is $36.47.

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

Institutional Trading of CBIZ

A number of large investors have recently bought and sold shares of CBZ. AQR Capital Management LLC grew its position in CBIZ by 6.2% in the first quarter. AQR Capital Management LLC now owns 11,725 shares of the business services provider’s stock valued at $889,000 after acquiring an additional 682 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of CBIZ by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,294 shares of the business services provider’s stock worth $2,222,000 after purchasing an additional 1,318 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of CBIZ by 5.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,270 shares of the business services provider’s stock worth $10,868,000 after purchasing an additional 7,676 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of CBIZ by 96.1% during the first quarter. Jane Street Group LLC now owns 41,240 shares of the business services provider’s stock worth $3,128,000 after purchasing an additional 20,214 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of CBIZ by 80.4% during the second quarter. Prudential Financial Inc. now owns 6,637 shares of the business services provider’s stock worth $492,000 after purchasing an additional 2,957 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

CBIZ Company Profile

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.