CBIZ (NYSE:CBZ) Stock Rating Upgraded by StockNews.com

CBIZ (NYSE:CBZ) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

CBIZ Stock Performance

Shares of NYSE CBZ opened at $82.02 on Friday. CBIZ has a 1 year low of $60.59 and a 1 year high of $86.36. The firm has a market cap of $4.12 billion, a P/E ratio of 34.75 and a beta of 0.95. The stock has a fifty day moving average price of $77.29 and a two-hundred day moving average price of $73.87. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49.

CBIZ (NYSE:CBZ) last released its earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.08. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The firm had revenue of $438.90 million for the quarter, compared to analyst estimates of $440.16 million. During the same period in the previous year, the company earned $0.66 earnings per share. CBIZ’s revenue was up 6.9% compared to the same quarter last year. Research analysts forecast that CBIZ will post 2.65 EPS for the current fiscal year.

Institutional Trading of CBIZ

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quest Partners LLC grew its position in CBIZ by 2,980.0% in the second quarter. Quest Partners LLC now owns 462 shares of the business services provider’s stock worth $34,000 after buying an additional 447 shares during the last quarter. Signaturefd LLC boosted its stake in shares of CBIZ by 55.8% during the 3rd quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock worth $65,000 after acquiring an additional 344 shares in the last quarter. Quarry LP grew its holdings in shares of CBIZ by 6,335.3% in the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock worth $74,000 after acquiring an additional 1,077 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of CBIZ during the second quarter worth $82,000. Finally, KBC Group NV lifted its holdings in shares of CBIZ by 29.7% during the third quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 356 shares during 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.