CBIZ (NYSE:CBZ) Shares Up 4.3% – Time to Buy?

CBIZ, Inc. (NYSE:CBZ)’s stock price traded up 4.3% on Tuesday . The stock traded as high as $68.23 and last traded at $68.21. 175,116 shares traded hands during trading, a decline of 44% from the average session volume of 312,380 shares. The stock had previously closed at $65.41.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Sidoti raised CBIZ from a “neutral” rating to a “buy” rating and increased their price objective for the company from $80.00 to $86.00 in a research report on Monday, August 12th. StockNews.com downgraded CBIZ from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th.

CBIZ Stock Up 2.8 %

The company has a market capitalization of $3.37 billion, a P/E ratio of 26.48 and a beta of 0.92. The business’s fifty day moving average price is $68.31 and its 200 day moving average price is $73.56. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.

CBIZ (NYSE:CBZ) last posted its 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 the consensus estimate of $430.38 million. During the same quarter last year, the business earned $0.55 EPS. CBIZ’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts predict that CBIZ, Inc. will post 2.64 earnings per share for the current fiscal year.

Institutional Trading of CBIZ

Several large investors have recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its holdings in shares of CBIZ by 309.4% in the 1st quarter. Capital Research Global Investors now owns 3,128,738 shares of the business services provider’s stock worth $245,606,000 after acquiring an additional 2,364,545 shares in the last quarter. Vanguard Group Inc. boosted its stake in CBIZ by 36.3% in the first quarter. Vanguard Group Inc. now owns 3,705,090 shares of the business services provider’s stock worth $290,850,000 after purchasing an additional 986,774 shares in the last quarter. Capital World Investors bought a new stake in shares of CBIZ during the first quarter worth $40,590,000. Handelsbanken Fonder AB increased its stake in shares of CBIZ by 2,333.3% in the third quarter. Handelsbanken Fonder AB now owns 292,000 shares of the business services provider’s stock valued at $19,649,000 after buying an additional 280,000 shares in the last quarter. Finally, Artemis Investment Management LLP acquired a new stake in shares of CBIZ in the first quarter valued at $17,148,000. 87.44% of the stock is owned by 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.