CBIZ (NYSE:CBZ) Stock Price Down 3.9%

CBIZ, Inc. (NYSE:CBZ) was down 3.9% during mid-day trading on Monday . The stock traded as low as $65.61 and last traded at $66.01. Approximately 123,606 shares were traded during trading, a decline of 60% from the average daily volume of 311,847 shares. The stock had previously closed at $68.72.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. StockNews.com lowered CBIZ from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th. Sidoti upgraded CBIZ from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $80.00 to $86.00 in a report on Monday, August 12th.

CBIZ Trading Up 1.3 %

The firm’s 50 day simple moving average is $74.19 and its 200-day simple moving average is $75.23. The company has a market capitalization of $3.28 billion, a PE ratio of 26.12 and a beta of 0.92. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.43.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.29). CBIZ had a return on equity of 14.58% and a net margin of 7.12%. The business had revenue of $420.00 million for the quarter, compared to analysts’ expectations of $430.38 million. During the same period last year, the company posted $0.55 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that CBIZ, Inc. will post 2.64 EPS for the current year.

Institutional Trading of CBIZ

Large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of CBIZ by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 503,005 shares of the business services provider’s stock valued at $31,483,000 after purchasing an additional 7,649 shares during the period. Jump Financial LLC purchased a new position in CBIZ in the 4th quarter valued at about $1,605,000. Principal Financial Group Inc. grew its stake in shares of CBIZ by 31.4% during the fourth quarter. Principal Financial Group Inc. now owns 16,280 shares of the business services provider’s stock valued at $1,019,000 after acquiring an additional 3,890 shares in the last quarter. Moran Wealth Management LLC increased its position in shares of CBIZ by 3.9% during the fourth quarter. Moran Wealth Management LLC now owns 5,093 shares of the business services provider’s stock worth $319,000 after acquiring an additional 189 shares during the last quarter. Finally, Brown Advisory Inc. acquired a new position in shares of CBIZ in the fourth quarter worth about $1,447,000. Institutional investors and hedge funds own 87.44% of the company’s stock.

About CBIZ

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.