StockNews.com Downgrades CBIZ (NYSE:CBZ) to Sell

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

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

CBIZ Price Performance

Shares of CBZ opened at $79.36 on Wednesday. The firm has a market cap of $3.98 billion, a PE ratio of 33.63 and a beta of 0.91. The firm’s 50 day moving average price is $69.74 and its 200 day moving average price is $73.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. CBIZ has a twelve month low of $57.01 and a twelve month high of $86.36.

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

Hedge Funds Weigh In On CBIZ

A number of institutional investors and hedge funds have recently bought and sold shares of CBZ. Quest Partners LLC increased its position in CBIZ by 2,980.0% during the second quarter. Quest Partners LLC now owns 462 shares of the business services provider’s stock worth $34,000 after acquiring an additional 447 shares during the period. Covestor Ltd increased its position 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 acquiring an additional 221 shares during the period. Signaturefd LLC increased its position in CBIZ by 55.8% during the third quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock worth $65,000 after acquiring an additional 344 shares during the period. Quarry LP increased its position in CBIZ by 6,335.3% during the third quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock worth $74,000 after acquiring an additional 1,077 shares during the period. Finally, Picton Mahoney Asset Management acquired a new stake in CBIZ during the second quarter worth $82,000. 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.