CBIZ (NYSE:CBZ) Shares Gap Up – Should You Buy?

CBIZ, Inc. (NYSE:CBZ) gapped up before the market opened on Thursday . The stock had previously closed at $27.28, but opened at $29.81. CBIZ shares last traded at $31.6590, with a volume of 591,712 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. CJS Securities upgraded CBIZ to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CBIZ in a report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of CBIZ in a research note on Monday, January 12th. They issued a “hold” rating and a $60.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

CBIZ Stock Performance

The company has a market capitalization of $1.65 billion, a P/E ratio of 19.84 and a beta of 0.92. The business has a 50 day moving average of $42.93 and a 200 day moving average of $50.98. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.80.

CBIZ (NYSE:CBZ) last posted its earnings results on Wednesday, February 25th. The business services provider reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.04). The business had revenue of $542.66 million during the quarter, compared to the consensus estimate of $578.02 million. CBIZ had a return on equity of 14.00% and a net margin of 3.89%.The business’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the firm earned ($0.20) earnings per share. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. On average, sell-side analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Insider Transactions at CBIZ

In other CBIZ news, Director Benaree Pratt Wiley sold 8,288 shares of CBIZ stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $49.54, for a total transaction of $410,587.52. Following the completion of the transaction, the director directly owned 35,956 shares of the company’s stock, valued at $1,781,260.24. The trade was a 18.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.95% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CBIZ

Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its stake in CBIZ by 377.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider’s stock worth $30,000 after purchasing an additional 442 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of CBIZ during the 2nd quarter worth approximately $35,000. Strategic Wealth Investment Group LLC purchased a new position in CBIZ during the 2nd quarter valued at $37,000. Danske Bank A S bought a new position in CBIZ in the 3rd quarter valued at $42,000. Finally, Torren Management LLC purchased a new stake in CBIZ in the fourth quarter worth $48,000. 87.44% of the stock is owned by hedge funds and other institutional investors.

About CBIZ

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.