CBIZ, Inc. (NYSE:CBZ) Receives Consensus Rating of “Hold” from Analysts

CBIZ, Inc. (NYSE:CBZ) has been given an average rating of “Hold” by the seven brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $37.3333.

Several brokerages have commented on CBZ. Zacks Research raised shares of CBIZ from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Stephens set a $37.00 price target on shares of CBIZ in a research report on Friday, May 1st. Weiss Ratings raised shares of CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. BMO Capital Markets initiated coverage on shares of CBIZ in a research note on Monday, March 30th. They set an “outperform” rating and a $33.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $42.00 price objective on shares of CBIZ in a research note on Thursday, April 30th.

CBIZ Trading Up 3.9%

Shares of NYSE:CBZ opened at $35.25 on Friday. The company’s 50-day moving average price is $30.98 and its two-hundred day moving average price is $37.05. 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 has a one year low of $24.29 and a one year high of $77.91. The stock has a market capitalization of $1.89 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 0.63 and a beta of 0.99.

CBIZ (NYSE:CBZ) last issued 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 firm had revenue of $848.58 million for the quarter, compared to analysts’ expectations of $853.46 million. During the same period in the previous year, the firm posted $2.33 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. On average, equities analysts forecast that CBIZ will post 4.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Durable Capital Partners LP acquired a new position in shares of CBIZ during the 3rd quarter worth about $207,872,000. 22C Capital LLC acquired a new position in shares of CBIZ during the 4th quarter worth about $161,554,000. Bank of Montreal Can acquired a new position in shares of CBIZ during the 4th quarter worth about $113,596,000. P2 Capital Partners LLC increased its stake in shares of CBIZ by 3.3% during the 4th quarter. P2 Capital Partners LLC now owns 1,773,391 shares of the business services provider’s stock worth $89,468,000 after purchasing an additional 57,066 shares during the last quarter. Finally, State Street Corp increased its stake in shares of CBIZ by 4.6% during the 2nd quarter. State Street Corp now owns 1,210,801 shares of the business services provider’s stock worth $86,827,000 after purchasing an additional 53,099 shares during the last quarter. 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.