CBIZ (NYSE:CBZ) Stock Rating Upgraded by StockNews.com

CBIZ (NYSE:CBZ) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Separately, Sidoti upgraded CBIZ from a “neutral” rating to a “buy” rating and upped their target price for the company from $80.00 to $86.00 in a report on Monday, August 12th.

CBIZ Stock Performance

CBIZ stock opened at $78.59 on Tuesday. The business has a 50 day moving average of $68.48 and a 200-day moving average of $72.84. CBIZ has a 1 year low of $56.64 and a 1 year high of $86.36. 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 company has a market capitalization of $3.94 billion, a P/E ratio of 33.30 and a beta of 0.91.

CBIZ (NYSE:CBZ) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.84 EPS 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 business had revenue of $438.90 million for the quarter, compared to analysts’ expectations of $440.16 million. During the same period in the prior year, the business posted $0.66 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts predict that CBIZ will post 2.65 earnings per share for the current year.

Hedge Funds Weigh In On CBIZ

A number of large investors have recently modified their holdings of the company. Capital Research Global Investors boosted its position in shares of CBIZ by 309.4% during the 1st quarter. Capital Research Global Investors now owns 3,128,738 shares of the business services provider’s stock valued at $245,606,000 after acquiring an additional 2,364,545 shares during the last quarter. Vanguard Group Inc. boosted its position 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 valued at $290,850,000 after acquiring an additional 986,774 shares during the last quarter. Capital World Investors bought a new stake in shares of CBIZ during the 1st quarter valued at about $40,590,000. Geneva Capital Management LLC bought a new stake in shares of CBIZ during the 3rd quarter valued at about $19,037,000. Finally, Handelsbanken Fonder AB boosted its position in shares of CBIZ by 2,333.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 292,000 shares of the business services provider’s stock valued at $19,649,000 after acquiring an additional 280,000 shares during the last quarter. 87.44% of the stock is currently owned by institutional investors.

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.