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

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

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

CBIZ Trading Down 4.1 %

CBIZ stock opened at $68.72 on Thursday. CBIZ has a 12-month low of $49.15 and a 12-month high of $86.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.48. The stock has a market capitalization of $3.44 billion, a PE ratio of 27.82 and a beta of 0.92. The firm has a 50 day simple moving average of $74.56 and a 200-day simple moving average of $75.33.

CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.29). CBIZ had a net margin of 7.12% and a return on equity of 14.58%. The firm had revenue of $420.00 million for the quarter, compared to the consensus estimate of $430.38 million. During the same period in the previous year, the business posted $0.55 earnings per share. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities research analysts expect that CBIZ will post 2.64 EPS for the current fiscal year.

Hedge Funds Weigh In On CBIZ

A number of hedge funds have recently modified their holdings of the stock. Quest Partners LLC increased its position 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 worth $34,000 after acquiring an additional 447 shares in the last quarter. Whittier Trust Co. acquired a new stake in CBIZ during the 1st quarter valued at $54,000. Covestor Ltd lifted its holdings in shares of CBIZ by 45.5% in the first quarter. Covestor Ltd now owns 707 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 221 shares in the last quarter. Assetmark Inc. boosted its position in shares of CBIZ by 24.8% in the fourth quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock worth $57,000 after buying an additional 180 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in shares of CBIZ in the fourth quarter worth $63,000. 87.44% of the stock is currently owned by institutional investors and hedge funds.

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.