CBIZ (NYSE:CBZ) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of CBIZ (NYSE:CBZ) from a sell rating to a hold rating in a research report released on Thursday morning.

CBIZ Stock Performance

Shares of CBZ opened at $74.10 on Thursday. The stock has a 50 day moving average price of $75.71 and a 200 day moving average price of $71.69. CBIZ has a 52-week low of $49.15 and a 52-week high of $80.42. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 30.00 and a beta of 0.91.

CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $1.54 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($0.03). The firm had revenue of $494.30 million during the quarter, compared to analyst estimates of $490.88 million. CBIZ had a net margin of 7.65% and a return on equity of 15.43%. CBIZ’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 earnings per share. Research analysts predict that CBIZ will post 2.74 EPS for the current fiscal year.

Institutional Investors Weigh In On CBIZ

A number of institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG grew its holdings in shares of CBIZ by 1.9% during the third quarter. UBS Group AG now owns 68,482 shares of the business services provider’s stock valued at $3,554,000 after buying an additional 1,266 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of CBIZ by 4.5% during the third quarter. Rhumbline Advisers now owns 72,851 shares of the business services provider’s stock valued at $3,781,000 after buying an additional 3,156 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of CBIZ by 16.3% during the third quarter. PNC Financial Services Group Inc. now owns 5,327 shares of the business services provider’s stock valued at $276,000 after buying an additional 747 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of CBIZ by 6.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 4,381 shares of the business services provider’s stock valued at $227,000 after buying an additional 257 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in shares of CBIZ by 327.6% during the third quarter. Qube Research & Technologies Ltd now owns 78,412 shares of the business services provider’s stock valued at $4,070,000 after buying an additional 60,073 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

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.