CBIZ (NYSE:CBZ) Upgraded at StockNews.com

StockNews.com upgraded shares of CBIZ (NYSE:CBZ) from a sell rating to a hold rating in a research note published on Tuesday morning.

Separately, Sidoti raised CBIZ from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $80.00 to $86.00 in a research report on Monday, August 12th.

CBIZ Trading Up 0.3 %

Shares of NYSE:CBZ traded up $0.26 during midday trading on Tuesday, reaching $78.13. 46,449 shares of the company’s stock were exchanged, compared to its average volume of 316,158. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 33.02 and a beta of 0.91. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The firm’s 50 day simple moving average is $68.60 and its two-hundred day simple moving average is $72.87. CBIZ has a fifty-two week low of $56.64 and a fifty-two week high of $86.36.

CBIZ (NYSE:CBZ) last released its earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The company had revenue of $438.90 million during the quarter, compared to the consensus estimate of $440.16 million. During the same period in the previous year, the company posted $0.66 EPS. CBIZ’s revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts forecast that CBIZ will post 2.65 EPS for the current fiscal year.

Institutional Investors Weigh In On CBIZ

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBZ. Quest Partners LLC lifted its stake in CBIZ by 2,980.0% in the second quarter. Quest Partners LLC now owns 462 shares of the business services provider’s stock valued at $34,000 after buying an additional 447 shares during the last quarter. Covestor Ltd increased its holdings in shares of CBIZ by 45.5% in the first quarter. Covestor Ltd now owns 707 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 221 shares during the period. Signaturefd LLC increased its holdings in shares of CBIZ by 55.8% in the third quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock valued at $65,000 after purchasing an additional 344 shares during the period. Picton Mahoney Asset Management acquired a new position in shares of CBIZ in the second quarter valued at approximately $82,000. Finally, KBC Group NV increased its holdings in shares of CBIZ by 29.7% in the third quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 356 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.

CBIZ Company Profile

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.