CBIZ (NYSE:CBZ) Given “Market Perform” Rating at Barrington Research

CBIZ (NYSE:CBZ)‘s stock had its “market perform” rating restated by equities research analysts at Barrington Research in a research note issued to investors on Wednesday, Benzinga reports.

Other analysts have also recently issued reports about the company. US Capital Advisors set a $55.00 price objective on CBIZ in a research report on Thursday, July 30th. Weiss Ratings raised CBIZ from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 11th. Finally, CJS Securities downgraded CBIZ from a “market outperform” rating to a “market perform” rating and set a $55.00 price objective for the company. in a report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, CBIZ currently has an average rating of “Hold” and an average target price of $44.50.

CBIZ Trading Down 0.1%

NYSE:CBZ opened at $54.62 on Wednesday. The company has a 50-day moving average price of $50.61 and a 200-day moving average price of $37.44. CBIZ has a 12 month low of $24.29 and a 12 month high of $57.51. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.74. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 1.33 and a beta of 0.92.

CBIZ (NYSE:CBZ) last announced its quarterly earnings results on Wednesday, July 29th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.19. CBIZ had a net margin of 4.73% and a return on equity of 12.33%. The company had revenue of $682.21 million for the quarter, compared to analysts’ expectations of $697.96 million. During the same quarter in the previous year, the company earned $0.95 earnings per share. CBIZ’s quarterly revenue was down .2% on a year-over-year basis. Equities analysts predict that CBIZ will post 4.1 EPS for the current year.

Hedge Funds Weigh In On CBIZ

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cygnus Capital Advisors LLC bought a new position in shares of CBIZ during the second quarter valued at $5,236,000. Quantinno Capital Management LP boosted its holdings in shares of CBIZ by 543.8% during 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 acquiring an additional 147,820 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of CBIZ by 17.8% during the first quarter. Bank of New York Mellon Corp now owns 166,787 shares of the business services provider’s stock valued at $4,478,000 after purchasing an additional 25,214 shares during the last quarter. Great Lakes Advisors LLC bought a new position in CBIZ during the second quarter valued at approximately $1,142,000. Finally, Hsbc Holdings PLC purchased a new stake in CBIZ in the second quarter worth approximately $1,340,000. Institutional investors own 87.44% of the company’s stock.

CBIZ Company Profile

CBIZ, Inc (NYSE: CBZ) is a diversified professional services company that provides accounting, tax, advisory, insurance brokerage, and employee benefits services to businesses, nonprofit organizations, government entities, and individuals. The company serves clients across a range of industries, including healthcare, construction, manufacturing, real estate, financial services, and professional services.

Its accounting and advisory offerings include audit and attest services, tax planning and compliance, financial reporting, valuation, transaction advisory, forensic accounting, and business consulting.