CBIZ (NYSE:CBZ) Lowered to Sell at StockNews.com

StockNews.com cut shares of CBIZ (NYSE:CBZ) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

Separately, Sidoti upgraded shares of CBIZ from a neutral rating to a buy rating and raised their target price for the stock from $80.00 to $86.00 in a report on Monday, August 12th.

CBIZ Trading Down 1.5 %

Shares of NYSE:CBZ opened at $71.65 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.48. CBIZ has a 1 year low of $49.15 and a 1 year high of $86.36. The company has a market cap of $3.59 billion, a P/E ratio of 29.01 and a beta of 0.92. The stock’s fifty day moving average price is $74.66 and its 200-day moving average price is $75.35.

CBIZ (NYSE:CBZ) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.29). The company had revenue of $420.00 million for the quarter, compared to the consensus estimate of $430.38 million. CBIZ had a net margin of 7.12% and a return on equity of 14.58%. CBIZ’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 EPS. Sell-side analysts expect that CBIZ will post 2.64 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in shares of CBIZ by 12.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 507,824 shares of the business services provider’s stock worth $31,785,000 after purchasing an additional 54,573 shares during the period. Capital World Investors bought a new position in CBIZ in the first quarter worth approximately $40,590,000. Artemis Investment Management LLP bought a new position in CBIZ in the first quarter worth approximately $17,148,000. Vanguard Group Inc. boosted its stake in shares of CBIZ by 36.3% during the 1st quarter. Vanguard Group Inc. now owns 3,705,090 shares of the business services provider’s stock worth $290,850,000 after acquiring an additional 986,774 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of CBIZ during the 4th quarter valued at $19,874,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

About CBIZ

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.