StockNews.com initiated coverage on shares of CBIZ (NYSE:CBZ – Get Rating) in a report issued on Thursday. The brokerage issued a hold rating on the business services provider’s stock.
CBIZ Stock Performance
CBZ opened at $47.12 on Thursday. CBIZ has a 12-month low of $37.01 and a 12-month high of $51.85. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $2.37 billion, a PE ratio of 23.56 and a beta of 0.76. The firm has a 50 day moving average of $48.32 and a two-hundred day moving average of $47.15.
CBIZ (NYSE:CBZ – Get Rating) last posted its quarterly earnings results on Thursday, February 16th. The business services provider reported ($0.21) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.21). The company had revenue of $295.00 million during the quarter, compared to analyst estimates of $281.56 million. CBIZ had a net margin of 7.46% and a return on equity of 14.76%. CBIZ’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.19) EPS. On average, analysts anticipate that CBIZ will post 2.4 EPS for the current year.
Insider Transactions at CBIZ
Institutional Investors Weigh In On CBIZ
Hedge funds and other institutional investors have recently made changes to their positions in the company. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of CBIZ during the 4th quarter worth approximately $47,000. Federated Hermes Inc. grew its stake in CBIZ by 56.4% in the 3rd quarter. Federated Hermes Inc. now owns 1,117 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 403 shares during the period. Rockefeller Capital Management L.P. grew its stake in CBIZ by 179.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 1,198 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 770 shares during the period. Advisor Group Holdings Inc. grew its stake in CBIZ by 127.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 1,206 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 675 shares during the period. Finally, Macquarie Group Ltd. grew its stake in CBIZ by 113.6% in the 2nd quarter. Macquarie Group Ltd. now owns 1,566 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 833 shares during the period. Institutional investors and hedge funds own 88.74% of the company’s stock.
CBIZ Company Profile
CBIZ, Inc engages in the provision of financial, insurance, and advisory services. It operates through the following segments: Financial Services, Benefits and Insurance Services, National Practices, and Corporate and Other. The Financial Services segment offers accounting, tax, government health care consulting, financial advisory, valuation, and risk advisory services.
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