CBIZ (NYSE:CBZ) Earns Outperform Rating from Analysts at BMO Capital Markets
by Sarita Garza · The Markets DailyBMO Capital Markets assumed coverage on shares of CBIZ (NYSE:CBZ – Free Report) in a research note published on Monday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $33.00 price target on the business services provider’s stock.
A number of other equities analysts also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CBIZ in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of CBIZ in a research note on Monday, January 12th. They issued a “hold” rating and a $60.00 price target for the company. Zacks Research lowered shares of CBIZ from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 26th. Finally, CJS Securities upgraded CBIZ to a “strong-buy” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $46.50.
Read Our Latest Research Report on CBZ
CBIZ Stock Down 1.5%
Shares of NYSE:CBZ opened at $26.44 on Monday. CBIZ has a 52-week low of $24.29 and a 52-week high of $80.65. The stock has a market cap of $1.46 billion, a P/E ratio of 14.94, a PEG ratio of 0.50 and a beta of 0.93. The business has a fifty day moving average of $30.65 and a two-hundred day moving average of $44.86. 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 (NYSE:CBZ – Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $542.66 million for the quarter, compared to analysts’ expectations of $578.02 million. CBIZ had a return on equity of 12.23% and a net margin of 4.19%.The firm’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.20) EPS. 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 year.
Insider Transactions at CBIZ
In related news, CFO Brad S. Lakhia bought 12,775 shares of the firm’s stock in a transaction on 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 directly owned 148,480 shares of the company’s stock, valued at $3,856,025.60. This represents a 9.41% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.95% of the company’s stock.
Institutional Investors Weigh In On CBIZ
Institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC boosted 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 worth $889,000 after purchasing an additional 682 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of CBIZ by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,294 shares of the business services provider’s stock worth $2,222,000 after buying an additional 1,318 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of CBIZ by 5.7% in the first 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 buying an additional 7,676 shares in the last quarter. Jane Street Group LLC grew its stake in shares of CBIZ by 96.1% in the first quarter. Jane Street Group LLC now owns 41,240 shares of the business services provider’s stock valued at $3,128,000 after buying an additional 20,214 shares in the last quarter. Finally, Swiss National Bank raised its holdings in shares of CBIZ by 12.1% in the 2nd quarter. Swiss National Bank now owns 98,100 shares of the business services provider’s stock valued at $7,035,000 after buying an additional 10,600 shares during the period. 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.