CBIZ (NYSE:CBZ) Reaches New 12-Month Low – Here’s What Happened

CBIZ, Inc. (NYSE:CBZ)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $26.76 and last traded at $26.90, with a volume of 1033659 shares trading hands. The stock had previously closed at $29.16.

Analysts Set New Price Targets

Several research firms recently commented on CBZ. Deutsche Bank Aktiengesellschaft started coverage on shares of CBIZ in a research note on Monday, January 12th. They set a “hold” rating and a $60.00 target price for the company. Zacks Research lowered CBIZ from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of CBIZ in a research report on Wednesday, January 21st. Finally, CJS Securities upgraded CBIZ to a “strong-buy” rating in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $60.00.

CBIZ Stock Down 4.6%

The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 0.55 and a beta of 0.95. The firm has a 50 day simple moving average of $39.71 and a 200-day simple moving average of $49.23. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.22 and a quick ratio of 1.22.

CBIZ (NYSE:CBZ) last issued its earnings results on Wednesday, February 25th. The business services provider reported ($0.70) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.04). The firm had revenue of $542.66 million during the quarter, compared to analyst estimates of $578.02 million. CBIZ had a net margin of 4.19% and a return on equity of 12.23%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.20) EPS. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. On average, sell-side analysts forecast that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CBZ. Durable Capital Partners LP acquired a new position in shares of CBIZ in the 3rd quarter worth approximately $207,872,000. 22C Capital LLC bought a new position in CBIZ in the 4th quarter valued at $161,554,000. Bank of Montreal Can acquired a new position in CBIZ in the fourth quarter worth $113,596,000. SG Americas Securities LLC bought a new stake in shares of CBIZ during the fourth quarter worth $35,653,000. Finally, Sunriver Management LLC acquired a new stake in shares of CBIZ in the third quarter valued at $31,605,000. Institutional investors own 87.44% of the company’s stock.

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.