CBIZ (NYSE:CBZ) Upgraded at Stephens

Stephens upgraded shares of CBIZ (NYSE:CBZ) to a hold rating in a research report sent to investors on Thursday morning,Zacks.com reports.

CBZ has been the topic of several other research reports. Weiss Ratings restated a “sell (d+)” rating on shares of CBIZ in a research note on Wednesday, January 21st. BMO Capital Markets started coverage on CBIZ in a research note on Monday, March 30th. They set an “outperform” rating and a $33.00 price target on the stock. Zacks Research upgraded CBIZ from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. CJS Securities upgraded CBIZ to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Deutsche Bank Aktiengesellschaft started coverage on CBIZ in a research note on Monday, January 12th. They set a “hold” rating and a $60.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $41.33.

CBIZ Stock Performance

CBZ stock opened at $27.03 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.79. The business’s fifty day simple moving average is $28.95 and its two-hundred day simple moving average is $43.55. CBIZ has a twelve month low of $24.29 and a twelve month high of $80.65. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 0.51 and a beta of 0.93.

CBIZ (NYSE:CBZ) last released its earnings results 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 return on equity of 12.23% and a net margin of 4.19%.The business had revenue of $542.66 million during the quarter, compared to analysts’ expectations of $578.02 million. During the same quarter in the previous year, the business earned ($0.20) EPS. The business’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. Analysts predict that CBIZ will post 2.65 earnings per share for the current year.

Insiders Place Their Bets

In other CBIZ news, CFO Brad S. Lakhia purchased 12,775 shares of the stock in a transaction on Friday, March 13th. The stock was acquired at an average price 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 in the company, valued at $3,856,025.60. The trade was a 9.41% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 4.95% of the company’s stock.

Institutional Investors Weigh In On CBIZ

Several institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC boosted its holdings in CBIZ by 6.9% in the fourth quarter. Corient Private Wealth LLC now owns 6,368 shares of the business services provider’s stock worth $321,000 after acquiring an additional 410 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in CBIZ by 26.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,791 shares of the business services provider’s stock worth $444,000 after acquiring an additional 1,825 shares in the last quarter. XTX Topco Ltd boosted its holdings in CBIZ by 694.2% in the fourth quarter. XTX Topco Ltd now owns 53,361 shares of the business services provider’s stock worth $2,692,000 after acquiring an additional 46,642 shares in the last quarter. Wellington Management Group LLP boosted its holdings in CBIZ by 21.4% in the fourth quarter. Wellington Management Group LLP now owns 440,510 shares of the business services provider’s stock worth $22,224,000 after acquiring an additional 77,583 shares in the last quarter. Finally, Twinbeech Capital LP acquired a new stake in CBIZ in the fourth quarter worth about $1,386,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

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.