CBIZ (NYSE:CBZ) Sets New 1-Year High at $78.91

CBIZ, Inc. (NYSE:CBZ) reached a new 52-week high on Wednesday . The stock traded as high as $78.91 and last traded at $78.48, with a volume of 4442 shares traded. The stock had previously closed at $78.05.

Wall Street Analysts Forecast Growth

Separately, Sidoti lowered shares of CBIZ from a “buy” rating to a “neutral” rating and set a $63.00 price objective on the stock. in a report on Tuesday, January 2nd.

CBIZ Stock Up 0.6 %

The company has a debt-to-equity ratio of 0.39, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a market cap of $3.93 billion, a P/E ratio of 32.98 and a beta of 0.83. The firm’s 50-day moving average price is $71.40 and its 200 day moving average price is $61.91.

CBIZ (NYSE:CBZ) last issued its earnings results on Thursday, February 15th. The business services provider reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.01. The company had revenue of $327.50 million during the quarter, compared to the consensus estimate of $308.87 million. CBIZ had a return on equity of 15.49% and a net margin of 7.60%. CBIZ’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.21) earnings per share. On average, equities research analysts expect that CBIZ, Inc. will post 2.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Assetmark Inc. lifted its position in shares of CBIZ by 24.8% in the 4th quarter. Assetmark Inc. now owns 905 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 180 shares in the last quarter. Moran Wealth Management LLC lifted its holdings in shares of CBIZ by 3.9% in the fourth quarter. Moran Wealth Management LLC now owns 5,093 shares of the business services provider’s stock valued at $319,000 after purchasing an additional 189 shares in the last quarter. Legal & General Group Plc boosted its position in shares of CBIZ by 0.5% in the fourth quarter. Legal & General Group Plc now owns 50,391 shares of the business services provider’s stock worth $3,154,000 after buying an additional 230 shares during the period. Diversified Trust Co grew its holdings in shares of CBIZ by 2.6% during the third quarter. Diversified Trust Co now owns 9,881 shares of the business services provider’s stock valued at $513,000 after buying an additional 251 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of CBIZ by 5.8% during the second quarter. PNC Financial Services Group Inc. now owns 4,580 shares of the business services provider’s stock valued at $244,000 after buying an additional 251 shares in the last quarter. 87.44% of the stock is owned by institutional investors and hedge funds.

CBIZ Company Profile

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.