CBIZ (NYSE:CBZ) Downgraded to Sell Rating by StockNews.com

StockNews.com cut shares of CBIZ (NYSE:CBZ) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

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

CBIZ Stock Up 1.7 %

Shares of NYSE CBZ opened at $80.79 on Wednesday. The company has a market capitalization of $4.05 billion, a P/E ratio of 34.23 and a beta of 0.91. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. The company has a 50 day simple moving average of $70.00 and a 200-day simple moving average of $73.09. CBIZ has a 1 year low of $57.01 and a 1 year high of $86.36.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.76 by $0.08. The business had revenue of $438.90 million for the quarter, compared to analyst estimates of $440.16 million. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.66 EPS. On average, equities research analysts predict that CBIZ will post 2.65 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC raised its holdings in shares of CBIZ by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,109,074 shares of the business services provider’s stock valued at $74,644,000 after buying an additional 11,615 shares during the period. Barclays PLC increased its stake in CBIZ by 362.1% during the third quarter. Barclays PLC now owns 78,711 shares of the business services provider’s stock worth $5,298,000 after purchasing an additional 61,679 shares during the period. Public Employees Retirement System of Ohio increased its stake in CBIZ by 12.0% during the third quarter. Public Employees Retirement System of Ohio now owns 120,155 shares of the business services provider’s stock worth $8,085,000 after purchasing an additional 12,867 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of CBIZ during the third quarter worth about $511,000. Finally, Kensington Investment Counsel LLC boosted its stake in shares of CBIZ by 3.4% in the third quarter. Kensington Investment Counsel LLC now owns 20,079 shares of the business services provider’s stock valued at $1,351,000 after purchasing an additional 667 shares during the period. 87.44% of the stock is currently owned by hedge funds and other 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.