BidaskClub Lowers CBIZ, Inc. (CBZ) to Hold

CBIZ, Inc. (NYSE:CBZ) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Monday.

A number of other equities analysts have also recently weighed in on CBZ. Zacks Investment Research cut CBIZ from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. ValuEngine upgraded CBIZ from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.

CBIZ (CBZ) traded down 0.99% during mid-day trading on Monday, hitting $15.00. 108,782 shares of the stock were exchanged. CBIZ has a 52-week low of $10.73 and a 52-week high of $15.90. The stock has a market cap of $802.70 million, a price-to-earnings ratio of 18.77 and a beta of 0.91. The stock has a 50 day moving average of $15.14 and a 200-day moving average of $14.32.

CBIZ (NYSE:CBZ) last issued its earnings results on Thursday, April 27th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The company had revenue of $241.46 million during the quarter, compared to analysts’ expectations of $241.95 million. CBIZ had a return on equity of 9.10% and a net margin of 5.28%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS. Equities analysts predict that CBIZ will post $0.83 EPS for the current fiscal year.

In related news, Director Steven L. Gerard sold 89,500 shares of the stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $15.63, for a total transaction of $1,398,885.00. Following the transaction, the director now owns 363,983 shares of the company’s stock, valued at approximately $5,689,054.29. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Steven L. Gerard sold 14,500 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $15.53, for a total value of $225,185.00. Following the transaction, the director now directly owns 333,483 shares in the company, valued at approximately $5,178,990.99. The disclosure for this sale can be found here. In the last three months, insiders have sold 235,521 shares of company stock worth $3,628,303. 7.20% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of CBZ. Two Sigma Securities LLC bought a new stake in CBIZ during the first quarter worth about $141,000. Gotham Asset Management LLC bought a new stake in CBIZ during the first quarter worth about $151,000. Ameriprise Financial Inc. raised its stake in CBIZ by 2.6% in the first quarter. Ameriprise Financial Inc. now owns 13,710 shares of the business services provider’s stock worth $186,000 after buying an additional 350 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in CBIZ during the first quarter worth about $215,000. Finally, Karp Capital Management Corp bought a new stake in CBIZ during the first quarter worth about $289,000. 85.04% of the stock is currently owned by hedge funds and other institutional investors.

CBIZ Company Profile

CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.