Analysts Anticipate CBIZ, Inc. (NYSE:CBZ) to Post $0.26 EPS

Shares of CBIZ, Inc. (NYSE:CBZ) have received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Zacks has also assigned CBIZ an industry rank of 68 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded Gold Resource from a “hold” rating to a “sell” rating in a research note on Friday, June 21st.

CBIZ stock traded up $0.23 during trading on Friday, hitting $21.58. 195,549 shares of the company were exchanged, compared to its average volume of 199,200. The firm has a 50 day simple moving average of $20.15. CBIZ has a 52 week low of $18.64 and a 52 week high of $24.38. The company has a market capitalization of $1.18 billion, a P/E ratio of 19.80 and a beta of 0.37. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.47 and a quick ratio of 1.47.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.01). The business had revenue of $270.00 million during the quarter, compared to the consensus estimate of $278.78 million. CBIZ had a net margin of 6.82% and a return on equity of 10.52%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 EPS. Equities analysts expect that CBIZ will post 1.19 earnings per share for the current fiscal year.

In other news, insider Ware H. Grove sold 10,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $20.52, for a total transaction of $205,200.00. Following the completion of the transaction, the insider now owns 273,096 shares in the company, valued at approximately $5,603,929.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Todd J. Slotkin sold 2,000 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $20.41, for a total value of $40,820.00. Following the transaction, the director now owns 44,482 shares of the company’s stock, valued at approximately $907,877.62. The disclosure for this sale can be found here. Insiders have sold a total of 32,000 shares of company stock valued at $656,420 in the last quarter. 7.40% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of CBZ. Quantamental Technologies LLC raised its holdings in shares of CBIZ by 40.9% in the 1st quarter. Quantamental Technologies LLC now owns 3,100 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 900 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of CBIZ by 8.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 10,117 shares of the business services provider’s stock valued at $204,000 after acquiring an additional 801 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of CBIZ by 260.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 10,744 shares of the business services provider’s stock valued at $217,000 after acquiring an additional 7,765 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of CBIZ in the 1st quarter valued at about $219,000. Finally, LPL Financial LLC raised its holdings in shares of CBIZ by 15.2% in the 4th quarter. LPL Financial LLC now owns 12,002 shares of the business services provider’s stock valued at $236,000 after acquiring an additional 1,585 shares in the last quarter. Institutional investors own 87.16% of the company’s stock.

About CBIZ

CBIZ, Inc provides professional business services, products, and solutions that help its clients in managing finances and employees. It offers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services group provides accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services.

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