CBIZ (NYSE:CBZ) Shares Gap Up – Here’s Why

CBIZ, Inc. (NYSE:CBZ) gapped up prior to trading on Tuesday . The stock had previously closed at $28.66, but opened at $29.75. CBIZ shares last traded at $30.7030, with a volume of 44,675 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. BMO Capital Markets began coverage on CBIZ in a report on Monday, March 30th. They set an “outperform” rating and a $33.00 target price on the stock. Weiss Ratings raised CBIZ from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Stephens set a $37.00 price objective on shares of CBIZ in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $42.00 price objective on shares of CBIZ in a report on Thursday, April 30th. Finally, Zacks Research raised shares of CBIZ from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $37.33.

CBIZ Stock Performance

The company has a market cap of $1.64 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 0.58 and a beta of 0.99. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a 50-day moving average price of $31.48 and a 200 day moving average price of $36.23.

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

Hedge Funds Weigh In On CBIZ

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Edgestream Partners L.P. bought a new position in CBIZ during the 1st quarter worth about $3,611,000. EverSource Wealth Advisors LLC boosted its position in shares of CBIZ by 667.5% during the first quarter. EverSource Wealth Advisors LLC now owns 1,512 shares of the business services provider’s stock worth $41,000 after buying an additional 1,315 shares during the period. California State Teachers Retirement System grew its holdings in shares of CBIZ by 36.2% during the first quarter. California State Teachers Retirement System now owns 63,110 shares of the business services provider’s stock worth $1,695,000 after buying an additional 16,785 shares in the last quarter. Quantinno Capital Management LP raised its position in CBIZ by 543.8% in the 1st quarter. Quantinno Capital Management LP now owns 175,005 shares of the business services provider’s stock valued at $4,699,000 after buying an additional 147,820 shares during the last quarter. Finally, Caxton Associates LLP acquired a new stake in CBIZ in the 1st quarter valued at approximately $276,000. 87.44% of the stock is owned by institutional investors and hedge funds.

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.