CBIZ (NYSE:CBZ) Stock Rating Lowered by TheStreet

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

CBZ has been the subject of several other research reports. Zacks Investment Research upgraded shares of CBIZ from a hold rating to a buy rating and set a $31.00 target price for the company in a report on Friday, February 21st. ValuEngine upgraded shares of CBIZ from a sell rating to a hold rating in a report on Tuesday, March 3rd.

Shares of CBIZ stock traded up $1.22 during trading hours on Monday, reaching $20.75. The company’s stock had a trading volume of 357,000 shares, compared to its average volume of 301,810. The stock’s fifty day simple moving average is $24.92 and its two-hundred day simple moving average is $25.70. The company has a market capitalization of $1.05 billion, a P/E ratio of 16.34 and a beta of 0.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.25 and a current ratio of 1.25. CBIZ has a one year low of $16.85 and a one year high of $28.73.

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

In related news, Director Benaree Pratt Wiley sold 1,600 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $26.92, for a total transaction of $43,072.00. Following the completion of the sale, the director now owns 9,202 shares in the company, valued at $247,717.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Todd J. Slotkin sold 4,096 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $26.08, for a total transaction of $106,823.68. Following the sale, the director now owns 40,386 shares of the company’s stock, valued at approximately $1,053,266.88. The disclosure for this sale can be found here. Corporate insiders own 7.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its holdings in CBIZ by 1,421.6% during the third quarter. Public Employees Retirement System of Ohio now owns 35,697 shares of the business services provider’s stock worth $839,000 after buying an additional 33,351 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its holdings in CBIZ by 4.6% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 284,054 shares of the business services provider’s stock worth $7,658,000 after buying an additional 12,417 shares during the last quarter. Squarepoint Ops LLC increased its holdings in CBIZ by 27.3% during the third quarter. Squarepoint Ops LLC now owns 54,383 shares of the business services provider’s stock worth $1,278,000 after buying an additional 11,646 shares during the last quarter. California State Teachers Retirement System increased its holdings in CBIZ by 1.2% during the third quarter. California State Teachers Retirement System now owns 79,957 shares of the business services provider’s stock worth $1,879,000 after buying an additional 955 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in CBIZ by 45.3% during the fourth quarter. Bank of Montreal Can now owns 245,273 shares of the business services provider’s stock worth $6,612,000 after buying an additional 76,468 shares during the last quarter. Institutional investors and hedge funds own 88.83% of the company’s stock.

About CBIZ

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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