CBIZ (NYSE:CBZ) Shares Up 5.9% – Time to Buy?

Shares of CBIZ, Inc. (NYSE:CBZ) rose 5.9% during trading on Tuesday . The stock traded as high as $37.26 and last traded at $37.4610. Approximately 126,093 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 1,047,867 shares. The stock had previously closed at $35.36.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings upgraded CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Barrington Research assumed coverage on CBIZ in a report on Wednesday, June 24th. They issued an “outperform” rating and a $45.00 price objective on the stock. Stephens set a $37.00 target price on CBIZ in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $42.00 target price on shares of CBIZ in a report on Thursday, April 30th. Finally, BMO Capital Markets began coverage on shares of CBIZ in a research note on Monday, March 30th. They set an “outperform” rating and a $33.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, CBIZ presently has an average rating of “Moderate Buy” and an average price target of $39.25.

CBIZ Price Performance

The stock’s 50 day moving average is $32.33 and its two-hundred day moving average is $34.63. The stock has a market capitalization of $1.91 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 0.78 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.

CBIZ (NYSE:CBZ) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $2.50 EPS for the quarter, topping the consensus estimate of $2.28 by $0.22. CBIZ had a net margin of 5.57% and a return on equity of 12.62%. The company had revenue of $848.58 million during the quarter, compared to analysts’ expectations of $853.46 million. During the same quarter in the previous year, the business posted $2.33 EPS. The firm’s revenue 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 forecast that CBIZ, Inc. will post 4.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CBIZ

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in CBIZ by 50.2% during the second quarter. GAMMA Investing LLC now owns 1,916 shares of the business services provider’s stock worth $61,000 after purchasing an additional 640 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of CBIZ by 15.7% in the 2nd quarter. Versant Capital Management Inc now owns 3,495 shares of the business services provider’s stock valued at $112,000 after buying an additional 473 shares in the last quarter. Edgestream Partners L.P. purchased a new position in shares of CBIZ in the 1st quarter valued at $3,611,000. EverSource Wealth Advisors LLC grew its position in shares of CBIZ by 667.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,512 shares of the business services provider’s stock valued at $41,000 after buying an additional 1,315 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in CBIZ by 36.2% during the 1st quarter. California State Teachers Retirement System now owns 63,110 shares of the business services provider’s stock worth $1,695,000 after acquiring an additional 16,785 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

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.