CBIZ (NYSE:CBZ) Stock Rating Upgraded by StockNews.com

CBIZ (NYSE:CBZ) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

CBIZ Price Performance

Shares of CBZ opened at $82.02 on Friday. CBIZ has a 52 week low of $60.59 and a 52 week high of $86.36. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 34.75 and a beta of 0.95. The stock has a 50 day moving average of $77.29 and a 200-day moving average of $73.87.

CBIZ (NYSE:CBZ) last announced its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.08. CBIZ had a return on equity of 15.12% and a net margin of 7.08%. The firm had revenue of $438.90 million for the quarter, compared to analysts’ expectations of $440.16 million. During the same period last year, the business posted $0.66 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. As a group, analysts forecast that CBIZ will post 2.65 EPS for the current year.

Institutional Investors Weigh In On CBIZ

Institutional investors and hedge funds have recently bought and sold shares of the business. Quest Partners LLC grew its holdings in shares of CBIZ by 2,980.0% during the second quarter. Quest Partners LLC now owns 462 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 447 shares during the last quarter. Signaturefd LLC boosted its position in CBIZ by 55.8% during the 3rd quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock valued at $65,000 after purchasing an additional 344 shares during the period. Quarry LP grew its stake in CBIZ by 6,335.3% during the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock worth $74,000 after buying an additional 1,077 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in CBIZ in the second quarter worth $82,000. Finally, KBC Group NV lifted its stake in CBIZ by 29.7% in the third quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock valued at $105,000 after buying an additional 356 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

About CBIZ

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.