CBIZ (NYSE:CBZ) Now Covered by Analysts at BMO Capital Markets

BMO Capital Markets assumed coverage on shares of CBIZ (NYSE:CBZ) in a research report sent to investors on Monday, MarketBeat.com reports. The brokerage issued an outperform rating and a $33.00 target price on the business services provider’s stock.

CBZ has been the topic of several other research reports. CJS Securities upgraded shares of CBIZ to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CBIZ in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CBIZ in a research note on Monday, January 12th. They issued a “hold” rating and a $60.00 price objective on the stock. Finally, Zacks Research cut shares of CBIZ from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $46.50.

CBIZ Stock Performance

Shares of CBZ opened at $27.03 on Monday. The stock has a 50-day moving average of $31.41 and a two-hundred day moving average of $45.20. CBIZ has a one year low of $24.29 and a one year high of $80.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $1.49 billion, a P/E ratio of 15.27, a P/E/G ratio of 0.49 and a beta of 0.94.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Wednesday, February 25th. The business services provider reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.04). CBIZ had a net margin of 4.19% and a return on equity of 12.23%. The firm had revenue of $542.66 million during the quarter, compared to analyst estimates of $578.02 million. During the same period in the prior year, the company posted ($0.20) earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. As a group, research analysts predict that CBIZ will post 2.65 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Brad S. Lakhia purchased 12,775 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $25.97 per share, with a total value of $331,766.75. Following the completion of the acquisition, the chief financial officer owned 148,480 shares of the company’s stock, valued at $3,856,025.60. The trade was a 9.41% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.95% of the company’s stock.

Hedge Funds Weigh In On CBIZ

Several institutional investors have recently made changes to their positions in CBZ. WCM Investment Management LLC acquired a new stake in CBIZ during the third quarter valued at $15,011,000. Y Intercept Hong Kong Ltd acquired a new position in shares of CBIZ in the third quarter worth about $3,895,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of CBIZ in the third quarter worth about $1,205,000. Montrusco Bolton Investments Inc. boosted its stake in shares of CBIZ by 18.6% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 276,821 shares of the business services provider’s stock worth $14,660,000 after acquiring an additional 43,431 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of CBIZ during the 2nd quarter worth about $1,842,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

CBIZ Company Profile

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.