CBIZ (NYSE:CBZ) Upgraded at StockNews.com

StockNews.com upgraded shares of CBIZ (NYSE:CBZ) from a sell rating to a hold rating in a research report report published on Friday.

CBIZ Price Performance

Shares of CBZ opened at $82.02 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The company has a 50 day moving average price of $77.29 and a 200-day moving average price of $73.87. CBIZ has a fifty-two week low of $60.59 and a fifty-two week high of $86.36. The stock has a market capitalization of $4.12 billion, a PE ratio of 34.75 and a beta of 0.95.

CBIZ (NYSE:CBZ) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (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 analysts’ expectations of $440.16 million. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 EPS. Equities analysts predict that CBIZ will post 2.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CBZ. AQR Capital Management LLC boosted its stake in CBIZ by 1.2% in the second quarter. AQR Capital Management LLC now owns 14,960 shares of the business services provider’s stock valued at $1,109,000 after acquiring an additional 176 shares in the last quarter. Inspire Investing LLC grew its stake in CBIZ by 4.2% during the 2nd quarter. Inspire Investing LLC now owns 4,757 shares of the business services provider’s stock worth $352,000 after buying an additional 190 shares during the last quarter. US Bancorp DE increased its position in CBIZ by 16.1% during the 3rd quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock valued at $121,000 after buying an additional 249 shares in the last quarter. Arizona State Retirement System raised its stake in CBIZ by 2.2% in the second quarter. Arizona State Retirement System now owns 12,603 shares of the business services provider’s stock valued at $934,000 after buying an additional 275 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in CBIZ by 1.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,514 shares of the business services provider’s stock worth $1,111,000 after acquiring an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 87.44% of the company’s stock.

CBIZ Company Profile

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.