CBIZ (NYSE:CBZ) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday.

Several other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a report on Monday, November 6th. BidaskClub upgraded shares of CBIZ from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th.

CBIZ (CBZ) traded up $0.10 during trading on Friday, reaching $14.85. 247,199 shares of the company traded hands, compared to its average volume of 181,412. CBIZ has a 12-month low of $12.30 and a 12-month high of $17.25. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market cap of $814.54, a P/E ratio of 18.11 and a beta of 0.79.

CBIZ (NYSE:CBZ) last posted its earnings results on Thursday, November 2nd. The business services provider reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.04). CBIZ had a net margin of 5.34% and a return on equity of 8.94%. The company had revenue of $207.70 million during the quarter, compared to analyst estimates of $212.66 million. During the same quarter last year, the business posted $0.20 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. research analysts predict that CBIZ will post 0.84 earnings per share for the current year.

In other CBIZ news, insider Chris Spurio sold 16,250 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $15.18, for a total value of $246,675.00. Following the completion of the transaction, the insider now owns 191,293 shares in the company, valued at $2,903,827.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.90% of the company’s stock.

Several large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. grew its stake in shares of CBIZ by 0.9% in the second quarter. Ameriprise Financial Inc. now owns 13,840 shares of the business services provider’s stock worth $208,000 after acquiring an additional 130 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of CBIZ by 2.2% during the second quarter. The Manufacturers Life Insurance Company now owns 39,771 shares of the business services provider’s stock worth $596,000 after purchasing an additional 847 shares in the last quarter. Zacks Investment Management grew its stake in shares of CBIZ by 2.8% during the second quarter. Zacks Investment Management now owns 83,202 shares of the business services provider’s stock worth $1,248,000 after purchasing an additional 2,252 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of CBIZ by 9.9% during the second quarter. Voya Investment Management LLC now owns 29,025 shares of the business services provider’s stock worth $435,000 after purchasing an additional 2,618 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its stake in shares of CBIZ by 25.5% during the second quarter. Dynamic Technology Lab Private Ltd now owns 19,939 shares of the business services provider’s stock worth $299,000 after purchasing an additional 4,047 shares in the last quarter. Institutional investors and hedge funds own 84.35% of the company’s stock.

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About CBIZ

CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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