CBIZ, Inc. (NYSE:CBZ) Given Average Rating of “Moderate Buy” by Analysts

CBIZ, Inc. (NYSE:CBZ) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $46.50.

A number of research firms have weighed in on CBZ. Weiss Ratings restated a “sell (d+)” rating on shares of CBIZ in a research note on Wednesday, January 21st. Zacks Research raised CBIZ from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft began coverage on shares of CBIZ in a research note on Monday, January 12th. They set a “hold” rating and a $60.00 price objective on the stock. BMO Capital Markets assumed coverage on shares of CBIZ in a research note on Monday, March 30th. They issued an “outperform” rating and a $33.00 target price for the company. Finally, CJS Securities upgraded CBIZ to a “strong-buy” rating in a report on Thursday, December 11th.

CBIZ Price Performance

Shares of NYSE CBZ opened at $27.58 on Monday. The company has a fifty day moving average price of $30.07 and a 200 day moving average price of $44.56. The firm has a market cap of $1.52 billion, a PE ratio of 15.58, a PEG ratio of 0.52 and a beta of 0.93. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.79. CBIZ has a 1-year low of $24.29 and a 1-year high of $80.65.

CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Wednesday, February 25th. The business services provider reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.04). The firm had revenue of $542.66 million during the quarter, compared to the consensus estimate of $578.02 million. CBIZ had a net margin of 4.19% and a return on equity of 12.23%. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.20) earnings per share. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. Research analysts predict that CBIZ will post 2.65 earnings per share for the current fiscal year.

Insider Activity at CBIZ

In related news, CFO Brad S. Lakhia acquired 12,775 shares of CBIZ stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $25.97 per share, with a total value of $331,766.75. Following the completion of the transaction, 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.95% of the company’s stock.

Hedge Funds Weigh In On CBIZ

Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in shares of CBIZ by 5.0% in the third quarter. PNC Financial Services Group Inc. now owns 4,798 shares of the business services provider’s stock valued at $254,000 after buying an additional 227 shares during the period. Balyasny Asset Management L.P. grew its stake in CBIZ by 4.9% during the second quarter. Balyasny Asset Management L.P. now owns 4,969 shares of the business services provider’s stock worth $356,000 after purchasing an additional 230 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in CBIZ by 0.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,529 shares of the business services provider’s stock worth $2,117,000 after purchasing an additional 235 shares during the period. Chatham Capital Group Inc. lifted its stake in CBIZ by 0.5% in the fourth quarter. Chatham Capital Group Inc. now owns 50,877 shares of the business services provider’s stock valued at $2,567,000 after buying an additional 250 shares during the period. Finally, Ethic Inc. lifted its stake in CBIZ by 7.5% in the third quarter. Ethic Inc. now owns 4,050 shares of the business services provider’s stock valued at $214,000 after buying an additional 283 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

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.