Stephens Initiates Coverage on CBIZ (NYSE:CBZ)

Stephens began coverage on shares of CBIZ (NYSE:CBZ) in a research report issued on Friday, MarketBeat reports. The brokerage set an “equal weight” rating and a $31.00 price target on the business services provider’s stock. Stephens’ price target would suggest a potential upside of 14.69% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft assumed coverage on CBIZ in a research report on Monday, January 12th. They set a “hold” rating and a $60.00 price target on the stock. Zacks Research raised CBIZ from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. CJS Securities raised CBIZ to a “strong-buy” rating in a research report on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CBIZ in a research report on Wednesday, January 21st. Finally, BMO Capital Markets began coverage on CBIZ in a research report on Monday, March 30th. They issued an “outperform” rating and a $33.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $41.33.

CBIZ Price Performance

Shares of NYSE CBZ opened at $27.03 on Friday. The business’s 50 day moving average price is $28.95 and its two-hundred day moving average price is $43.55. The company has a market cap of $1.48 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 0.51 and a beta of 0.93. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.79. CBIZ has a twelve month low of $24.29 and a twelve month high of $80.65.

CBIZ (NYSE:CBZ) last announced its quarterly 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). The business had revenue of $542.66 million for the quarter, compared to analyst estimates of $578.02 million. CBIZ had a return on equity of 12.23% and a net margin of 4.19%.CBIZ’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.20) EPS. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. On average, analysts predict that CBIZ will post 2.65 EPS for the current year.

Insider Activity at CBIZ

In other news, CFO Brad S. Lakhia bought 12,775 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were bought at an average price of $25.97 per share, with a total value of $331,766.75. Following the completion of the transaction, the chief financial officer owned 148,480 shares of the company’s stock, valued at $3,856,025.60. This trade represents a 9.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.95% of the company’s stock.

Hedge Funds Weigh In On CBIZ

Institutional investors and hedge funds have recently made changes to their positions in the company. Strategic Wealth Investment Group LLC acquired a new position in shares of CBIZ in the second quarter valued at approximately $37,000. Caitong International Asset Management Co. Ltd grew its position in shares of CBIZ by 377.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 442 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of CBIZ by 165.4% in the second quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 450 shares during the last quarter. Danske Bank A S bought a new stake in shares of CBIZ in the third quarter valued at approximately $42,000. Finally, Torren Management LLC bought a new stake in shares of CBIZ in the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

About CBIZ

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.