CBIZ (NYSE:CBZ) Now Covered by Analysts at BMO Capital Markets

Research analysts at BMO Capital Markets initiated coverage on shares of CBIZ (NYSE:CBZ) in a report released on Monday. The brokerage set an “outperform” rating and a $33.00 price target on the business services provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 26.21% from the company’s current price.

A number of other analysts also recently commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of CBIZ in a research note on Wednesday, January 21st. CJS Securities raised CBIZ to a “strong-buy” rating in a report on Thursday, December 11th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CBIZ in a research report on Monday, January 12th. They issued a “hold” rating and a $60.00 price target on the stock. Finally, Zacks Research downgraded shares of CBIZ from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, CBIZ has a consensus rating of “Hold” and a consensus price target of $46.50.

CBIZ Trading Up 0.1%

Shares of NYSE:CBZ opened at $26.15 on Monday. CBIZ has a twelve month low of $24.29 and a twelve month high of $80.65. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.79. The firm has a market cap of $1.44 billion, a P/E ratio of 14.77, a P/E/G ratio of 0.49 and a beta of 0.95. The company has a 50 day moving average of $31.88 and a 200-day moving average of $45.41.

CBIZ (NYSE:CBZ) last announced 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 for the quarter, compared to the consensus estimate of $578.02 million. CBIZ had a return on equity of 12.23% and a net margin of 4.19%.CBIZ’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.20) EPS. CBIZ has set its FY 2026 guidance at 3.750-3.850 EPS. As a group, analysts anticipate that CBIZ will post 2.65 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Brad S. Lakhia acquired 12,775 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $25.97 per share, for a total transaction of $331,766.75. Following the transaction, the chief financial officer owned 148,480 shares of the company’s stock, valued at approximately $3,856,025.60. The trade was a 9.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.95% of the company’s stock.

Institutional Investors Weigh In On CBIZ

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its holdings in shares of CBIZ by 377.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 559 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 442 shares during the last quarter. Strategic Wealth Investment Group LLC purchased a new position in CBIZ in the 2nd quarter worth about $37,000. Danske Bank A S acquired a new stake in CBIZ during the 3rd quarter worth about $42,000. Torren Management LLC acquired a new stake in CBIZ during the 4th quarter worth about $48,000. Finally, EverSource Wealth Advisors LLC lifted its stake in CBIZ by 165.4% during the second quarter. EverSource Wealth Advisors LLC now owns 722 shares of the business services provider’s stock valued at $52,000 after buying an additional 450 shares in the last quarter. 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.