The CBIZ, Inc. (CBZ) Stock Rating Upgraded by Zacks Investment Research

The CBIZ, Inc. (CBZ) Stock Rating Upgraded by Zacks Investment Research

According to Zacks, “CBIZ, Inc. provides professional business services that help clients better manage their finances and employees. CBIZ provides its clients with financial services including accounting, tax, financial advisory, government health care consulting, risk advisory, merger and acquisition advisory, real estate consulting, and valuation services. Employee services include employee benefits consulting, property and casualty insurance, retirement plan consulting, payroll, life insurance, HR consulting, and executive recruitment. As one of the nation’s largest brokers of employee benefits and property and casualty insurance, and one of the largest accounting and valuation companies in the United States, the Company’s services are provided through nearly 100 Company offices in 32 states. “

CBIZ, Inc. (NYSE:CBZ) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage currently has a $17.00 price objective on the business services provider’s stock. Zacks Investment Research‘s target price indicates a potential upside of 11.84% from the stock’s current price.

CBIZ (CBZ) opened at 15.20 on Thursday. CBIZ has a 52 week low of $9.95 and a 52 week high of $15.90. The stock has a market capitalization of $813.40 million, a P/E ratio of 19.02 and a beta of 0.95. The stock’s 50 day moving average price is $15.15 and its 200-day moving average price is $13.81. CBIZ (NYSE:CBZ) last issued its earnings results on Thursday, April 27th. The business services provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. CBIZ had a return on equity of 11.02% and a net margin of 4.95%. The company had revenue of $241.46 million during the quarter, compared to the consensus estimate of $241.95 million. During the same period in the previous year, the firm posted $0.41 earnings per share. CBIZ’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities research analysts expect that CBIZ will post $0.83 earnings per share for the current year.

CBIZ (CBZ) opened at 15.20 on Thursday. CBIZ has a 52 week low of $9.95 and a 52 week high of $15.90. The stock has a market capitalization of $813.40 million, a P/E ratio of 19.02 and a beta of 0.95. The stock’s 50 day moving average price is $15.15 and its 200-day moving average price is $13.81. In other news, insider Michael W. Gleespen sold 8,000 shares of CBIZ stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $15.01, for a total transaction of $120,080.00. Following the sale, the insider now owns 101,712 shares of the company’s stock, valued at $1,526,697.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven L. Gerard sold 89,500 shares of CBIZ stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $15.63, for a total value of $1,398,885.00. Following the sale, the director now directly owns 363,983 shares in the company, valued at approximately $5,689,054.29. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 187,594 shares of company stock valued at $2,901,166. 7.20% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. First Capital Advisors Group LLC. acquired a new stake in CBIZ during the fourth quarter worth $969,000. Metropolitan Life Insurance Co. NY boosted its stake in CBIZ by 6.1% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 35,615 shares of the business services provider’s stock worth $488,000 after buying an additional 2,057 shares during the period. FMR LLC boosted its stake in CBIZ by 2.6% in the fourth quarter. FMR LLC now owns 6,517,879 shares of the business services provider’s stock worth $89,295,000 after buying an additional 166,152 shares during the period. Martingale Asset Management L P boosted its stake in CBIZ by 7.0% in the fourth quarter. Martingale Asset Management L P now owns 172,934 shares of the business services provider’s stock worth $2,370,000 after buying an additional 11,300 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. boosted its stake in CBIZ by 0.4% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 186,573 shares of the business services provider’s stock worth $2,528,000 after buying an additional 723 shares during the period. 86.64% of the stock is currently owned by institutional investors. About CBIZ

CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “CBZ”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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