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

StockNews.com downgraded shares of CBIZ (NYSE:CBZ) from a hold rating to a sell rating in a report released on Friday morning.

CBIZ Stock Down 0.1 %

CBZ stock opened at $74.08 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.50. CBIZ has a 1 year low of $49.15 and a 1 year high of $80.42. The company has a fifty day simple moving average of $75.56 and a 200 day simple moving average of $72.22. The firm has a market cap of $3.71 billion, a PE ratio of 29.99 and a beta of 0.93.

CBIZ (NYSE:CBZ) last announced its earnings results on Thursday, April 25th. The business services provider reported $1.54 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.03). The firm had revenue of $494.30 million during the quarter, compared to the consensus estimate of $490.88 million. CBIZ had a return on equity of 15.43% and a net margin of 7.65%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.46 EPS. Sell-side analysts anticipate that CBIZ will post 2.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CBZ. Capital Research Global Investors boosted its holdings in shares of CBIZ by 309.4% during 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 buying an additional 2,364,545 shares during the period. Vanguard Group Inc. raised its stake in CBIZ by 36.3% in the 1st 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 acquired a new stake in CBIZ in the 1st quarter worth about $40,590,000. Norges Bank acquired a new stake in CBIZ in the 4th quarter worth about $19,874,000. Finally, Public Employees Retirement Association of Colorado acquired a new stake in CBIZ in the 4th quarter worth about $17,804,000. Institutional investors own 87.44% of the company’s stock.

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.