CBIZ (NYSE:CBZ) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of CBIZ (NYSE:CBZFree Report) from a hold rating to a strong sell rating in a research report report published on Thursday,Zacks.com reports.

A number of other analysts have also commented on CBZ. Deutsche Bank Aktiengesellschaft started coverage on shares of CBIZ in a research note on Monday, January 12th. They set a “hold” rating and a $60.00 price target for the company. CJS Securities raised shares of CBIZ to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of CBIZ in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, CBIZ presently has an average rating of “Hold” and a consensus target price of $60.00.

Check Out Our Latest Stock Report on CBZ

CBIZ Stock Down 10.2%

CBZ stock opened at $28.55 on Thursday. The stock’s 50 day simple moving average is $42.05 and its 200 day simple moving average is $50.53. The company has a market cap of $1.55 billion, a P/E ratio of 16.13 and a beta of 0.92. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.57 and a current ratio of 1.57. CBIZ has a fifty-two week low of $26.97 and a fifty-two week high of $80.65.

CBIZ (NYSE:CBZGet Free Report) last released its quarterly earnings data on Wednesday, February 25th. The business services provider reported ($0.70) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.04). CBIZ had a net margin of 4.19% and a return on equity of 12.02%. The firm had revenue of $542.66 million for the quarter, compared to the consensus estimate of $578.02 million. During the same quarter in the prior year, the firm earned ($0.20) EPS. The company’s revenue was up 17.9% compared to the same quarter last year. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. On average, research analysts expect that CBIZ will post 2.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CBIZ news, Director Benaree Pratt Wiley sold 8,288 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $49.54, for a total value of $410,587.52. Following the completion of the transaction, the director owned 35,956 shares in the company, valued at $1,781,260.24. This represents a 18.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.95% of the company’s stock.

Hedge Funds Weigh In On CBIZ

Institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd grew its position in shares of CBIZ by 377.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 442 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in CBIZ in the second quarter valued at approximately $35,000. Strategic Wealth Investment Group LLC bought a new position in CBIZ during the second quarter valued at $37,000. Danske Bank A S purchased a new stake in CBIZ in the third quarter worth $42,000. Finally, Torren Management LLC bought a new stake in shares of CBIZ in the fourth quarter valued at $48,000. Institutional investors own 87.44% of the company’s stock.

Key Headlines Impacting CBIZ

Here are the key news stories impacting CBIZ this week:

About CBIZ

(Get Free Report)

CBIZ, Inc (NYSE: CBZ), founded in 1996 and headquartered in Cleveland, Ohio, is a leading provider of professional business services in the United States. Since its inception, the company has grown through both organic expansion and strategic acquisitions to deliver a broad spectrum of financial, tax and advisory solutions tailored to the needs of small to mid-market organizations.

Through its Financial & Advisory Services segment, CBIZ offers accounting, tax preparation and compliance, audit support, and wealth management services.

Further Reading

Analyst Recommendations for CBIZ (NYSE:CBZ)

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