Analysts Set CBIZ, Inc. (NYSE:CBZ) Target Price at $37.33

Shares of CBIZ, Inc. (NYSE:CBZ) have been assigned an average rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $37.3333.

Several research firms recently commented on CBZ. Stephens set a $37.00 price target on shares of CBIZ in a report on Friday, May 1st. BMO Capital Markets began coverage on shares of CBIZ in a report on Monday, March 30th. They issued an “outperform” rating and a $33.00 price target on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $42.00 price target on shares of CBIZ in a report on Thursday, April 30th. Zacks Research upgraded shares of CBIZ from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Finally, Weiss Ratings upgraded shares of CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th.

CBIZ Price Performance

CBZ opened at $32.24 on Tuesday. CBIZ has a 1 year low of $24.29 and a 1 year high of $77.91. The company’s 50 day simple moving average is $28.87 and its 200 day simple moving average is $39.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.63 and a current ratio of 1.63. The stock has a market capitalization of $1.73 billion, a PE ratio of 12.95, a P/E/G ratio of 0.60 and a beta of 0.97.

CBIZ (NYSE:CBZ) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $2.50 EPS for the quarter, beating the consensus estimate of $2.28 by $0.22. CBIZ had a net margin of 5.57% and a return on equity of 12.62%. The firm had revenue of $848.58 million for the quarter, compared to analyst estimates of $853.46 million. During the same quarter last year, the firm posted $2.33 earnings per share. CBIZ’s revenue for the quarter was up 1.3% compared to the same quarter last year. CBIZ has set its FY 2026 guidance at 4.000-4.100 EPS. As a group, sell-side analysts expect that CBIZ will post 4.07 EPS for the current year.

Insider Buying and Selling

In other CBIZ news, CFO Brad S. Lakhia purchased 12,775 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $25.97 per share, for a total transaction of $331,766.75. Following the completion of the acquisition, the chief financial officer owned 148,480 shares of the company’s stock, valued at approximately $3,856,025.60. This represents a 9.41% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.10% of the company’s stock.

Institutional Trading of CBIZ

A number of hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in shares of CBIZ by 5.0% during the third quarter. PNC Financial Services Group Inc. now owns 4,798 shares of the business services provider’s stock valued at $254,000 after purchasing an additional 227 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of CBIZ by 4.9% during the second quarter. Balyasny Asset Management L.P. now owns 4,969 shares of the business services provider’s stock valued at $356,000 after purchasing an additional 230 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of CBIZ by 0.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,529 shares of the business services provider’s stock valued at $2,117,000 after purchasing an additional 235 shares during the period. Chatham Capital Group Inc. raised its stake in shares of CBIZ by 0.5% during the fourth quarter. Chatham Capital Group Inc. now owns 50,877 shares of the business services provider’s stock valued at $2,567,000 after purchasing an additional 250 shares during the period. Finally, Huntington National Bank raised its stake in shares of CBIZ by 13.2% during the third quarter. Huntington National Bank now owns 2,521 shares of the business services provider’s stock valued at $134,000 after purchasing an additional 293 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.

CBIZ Company Profile

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.