CBIZ, Inc. (NYSE:CBZ) Given Average Rating of “Hold” by Brokerages

Shares of CBIZ, Inc. (NYSE:CBZ) have earned an average recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $41.3333.

CBZ has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of CBIZ from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of CBIZ in a research report on Wednesday, January 21st. BMO Capital Markets started coverage on shares of CBIZ in a research report on Monday, March 30th. They set an “outperform” rating and a $33.00 price target for the company. Stephens started coverage on shares of CBIZ in a research report on Friday, April 10th. They set an “equal weight” rating and a $31.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of CBIZ in a research report on Monday, January 12th. They set a “hold” rating and a $60.00 price target for the company.

Insider Activity

In related news, CFO Brad S. Lakhia purchased 12,775 shares of CBIZ stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $25.97 per share, for a total transaction of $331,766.75. Following the transaction, the chief financial officer owned 148,480 shares in the company, valued at approximately $3,856,025.60. The trade was a 9.41% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.10% of the company’s stock.

Institutional Investors Weigh In On CBIZ

A number of hedge funds and other institutional investors have recently modified their holdings of CBZ. AQR Capital Management LLC lifted its position in shares of CBIZ by 6.2% during the 1st quarter. AQR Capital Management LLC now owns 11,725 shares of the business services provider’s stock valued at $889,000 after acquiring an additional 682 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of CBIZ by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,294 shares of the business services provider’s stock valued at $2,222,000 after acquiring an additional 1,318 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of CBIZ by 5.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,270 shares of the business services provider’s stock valued at $10,868,000 after acquiring an additional 7,676 shares during the period. Jane Street Group LLC lifted its position in shares of CBIZ by 96.1% during the 1st quarter. Jane Street Group LLC now owns 41,240 shares of the business services provider’s stock valued at $3,128,000 after acquiring an additional 20,214 shares during the period. Finally, Prudential Financial Inc. lifted its position in shares of CBIZ by 80.4% during the 2nd quarter. Prudential Financial Inc. now owns 6,637 shares of the business services provider’s stock valued at $492,000 after acquiring an additional 2,957 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

CBIZ Price Performance

Shares of NYSE:CBZ opened at $29.68 on Friday. 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 company has a market cap of $1.63 billion, a P/E ratio of 16.77, a PEG ratio of 0.57 and a beta of 0.93. CBIZ has a 52 week low of $24.29 and a 52 week high of $77.91. The company has a 50-day moving average price of $28.00 and a 200 day moving average price of $42.14.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Wednesday, February 25th. The business services provider reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.04). The firm had revenue of $542.66 million during the quarter, compared to analyst estimates of $578.02 million. CBIZ had a net margin of 4.19% and a return on equity of 12.23%. CBIZ’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.20) EPS. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. Research analysts predict that CBIZ will post 3.78 earnings per share for the current year.

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.