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

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

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

CBIZ Stock Performance

Shares of CBIZ stock opened at $71.21 on Tuesday. The business’s 50 day moving average price is $75.02 and its 200 day moving average price is $75.22. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 28.83 and a beta of 0.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.48. CBIZ has a one year low of $49.15 and a one year high of $86.36.

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Quest Partners LLC grew its stake in shares of 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 in the last quarter. Whittier Trust Co. acquired a new position in CBIZ in the 1st quarter valued at about $54,000. Covestor Ltd increased its stake in CBIZ by 45.5% during the first quarter. Covestor Ltd now owns 707 shares of the business services provider’s stock worth $56,000 after purchasing an additional 221 shares during the period. Assetmark Inc. boosted its stake in shares of CBIZ by 24.8% in the fourth quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 180 shares during the period. Finally, Johnson Financial Group Inc. acquired a new position in shares of CBIZ in the fourth quarter valued at approximately $63,000. 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.