CBIZ (NYSE:CBZ) Upgraded at StockNews.com

StockNews.com upgraded shares of CBIZ (NYSE:CBZ) from a sell rating to a hold rating in a report released on Thursday.

CBIZ Price Performance

Shares of NYSE:CBZ opened at $81.25 on Thursday. 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 stock has a market capitalization of $4.08 billion, a PE ratio of 34.43 and a beta of 0.95. The firm has a 50 day moving average of $75.80 and a 200-day moving average of $73.63. CBIZ has a 12 month low of $60.59 and a 12 month high of $86.36.

CBIZ (NYSE:CBZ) last released its earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share 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 during the quarter, compared to analysts’ expectations of $440.16 million. During the same period in the prior year, the company earned $0.66 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities research analysts predict that CBIZ will post 2.65 EPS for the current fiscal year.

Institutional Trading of CBIZ

Hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its stake in shares of CBIZ by 1.2% in the 2nd quarter. AQR Capital Management LLC now owns 14,960 shares of the business services provider’s stock valued at $1,109,000 after acquiring an additional 176 shares during the last quarter. Inspire Investing LLC raised its position in CBIZ by 4.2% in the second quarter. Inspire Investing LLC now owns 4,757 shares of the business services provider’s stock valued at $352,000 after purchasing an additional 190 shares during the last quarter. US Bancorp DE raised its position in CBIZ by 16.1% in the third quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 249 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of CBIZ by 2.2% during the second quarter. Arizona State Retirement System now owns 12,603 shares of the business services provider’s stock valued at $934,000 after purchasing an additional 275 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of CBIZ by 1.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 16,514 shares of the business services provider’s stock worth $1,111,000 after purchasing an additional 279 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.