CBIZ (NYSE:CBZ) Trading Down 7.8% – Here’s Why

CBIZ, Inc. (NYSE:CBZ) traded down 7.8% during mid-day trading on Monday . The company traded as low as $28.83 and last traded at $28.68. Approximately 185,843 shares were traded during trading, a decline of 82% from the average daily volume of 1,050,083 shares. The stock had previously closed at $31.10.

Wall Street Analysts Forecast Growth

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

CBIZ Stock Performance

The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 0.58 and a beta of 0.99. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a 50 day moving average price of $31.46 and a two-hundred day moving average price of $36.38.

CBIZ (NYSE:CBZ) last released its quarterly earnings results 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 during 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%.The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. 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. On average, analysts predict that CBIZ, Inc. will post 4.07 EPS for the current fiscal year.

Hedge Funds Weigh In On CBIZ

A number of large investors have recently modified their holdings of CBZ. Durable Capital Partners LP acquired a new position in CBIZ during the 3rd quarter worth $207,872,000. 22C Capital LLC acquired a new stake in shares of CBIZ in the 4th quarter valued at $161,554,000. Bank of Montreal Can acquired a new stake in shares of CBIZ in the 4th quarter valued at $113,596,000. SG Americas Securities LLC bought a new stake in shares of CBIZ during the fourth quarter worth $35,653,000. Finally, Sunriver Management LLC bought a new stake in shares of CBIZ during the third quarter worth $31,605,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

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.