CBIZ (NYSE:CBZ) Lowered to C+ at TheStreet

TheStreet cut shares of CBIZ (NYSE:CBZ) from a b rating to a c+ rating in a report issued on Monday, TheStreetRatingsTable reports.

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of CBIZ from a hold rating to a buy rating and set a $31.00 price objective for the company in a research report on Friday, February 21st. ValuEngine upgraded shares of CBIZ from a sell rating to a hold rating in a research report on Tuesday, March 3rd.

Shares of CBIZ stock traded up $1.22 on Monday, reaching $20.75. 357,000 shares of the stock were exchanged, compared to its average volume of 301,810. The firm’s 50 day moving average is $24.92 and its 200-day moving average is $25.70. CBIZ has a one year low of $16.85 and a one year high of $28.73. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $1.05 billion, a PE ratio of 16.34 and a beta of 0.31.

CBIZ (NYSE:CBZ) last issued its quarterly earnings results on Thursday, February 20th. The business services provider reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. CBIZ had a net margin of 7.46% and a return on equity of 11.05%. The company had revenue of $203.10 million during the quarter, compared to the consensus estimate of $208.82 million. During the same quarter in the prior year, the firm posted $0.02 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities research analysts expect that CBIZ will post 1.4 EPS for the current fiscal year.

In other CBIZ news, Director Benaree Pratt Wiley sold 1,600 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $26.92, for a total value of $43,072.00. Following the completion of the transaction, the director now directly owns 9,202 shares in the company, valued at approximately $247,717.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Todd J. Slotkin sold 4,096 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $26.08, for a total transaction of $106,823.68. Following the completion of the transaction, the director now owns 40,386 shares of the company’s stock, valued at $1,053,266.88. The disclosure for this sale can be found here. 7.40% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Huntington National Bank increased its position in CBIZ by 51.5% in the 4th quarter. Huntington National Bank now owns 1,766 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 600 shares during the period. Tower Research Capital LLC TRC increased its position in CBIZ by 2,556.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,913 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 1,841 shares during the period. Great West Life Assurance Co. Can acquired a new position in CBIZ in the 4th quarter valued at approximately $95,000. Meeder Asset Management Inc. acquired a new position in CBIZ in the 4th quarter valued at approximately $141,000. Finally, US Bancorp DE increased its position in CBIZ by 112.7% in the 4th quarter. US Bancorp DE now owns 6,102 shares of the business services provider’s stock valued at $165,000 after acquiring an additional 3,233 shares during the period. Hedge funds and other institutional investors own 88.83% of the company’s stock.

CBIZ Company Profile

CBIZ, Inc provides professional business services, products, and solutions that help its clients in managing finances and employees. It offers its services through three groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services group provides accounting and tax, government healthcare consulting, financial advisory, valuation, and risk and advisory services.

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