CBIZ (NYSE:CBZ) Stock Price Rises 5.4%: Should You Consider Buying?

CBIZ, Inc. (NYSE:CBZ) saw an increase of 5.4% in its share price during mid-day trading on Tuesday. The stock reached a high of $71.76 before ending the day at $70.48. In total, about 25,382 shares changed hands, which represents a significant drop of 92% from the average daily trading volume of 310,939 shares. The previous closing price was $66.86.

Recent Analyst Ratings

A few research analysts have shared their insights regarding CBIZ recently. For example, StockNews.com downgraded the company from a "hold" rating to a "sell" rating in a report released on September 5th. On the other hand, Sidoti upgraded CBIZ from a "neutral" rating to a "buy" rating and increased their target price for the stock from $80.00 to $86.00 in a report published on August 12th.

Financial Performance of CBIZ

CBIZ has a debt-to-equity ratio of 0.43, a quick ratio of 1.48, and a current ratio of 1.48, indicating a manageable level of debt and good liquidity. The firm’s fifty-day moving average stands at $67.91, while the two-hundred day moving average is at $72.89. Currently, CBIZ holds a market capitalization of approximately $3.63 billion, with a price-to-earnings ratio of 30.45 and a beta of 0.92.

In its most recent quarterly earnings report on August 1st, CBIZ disclosed an earnings per share (EPS) of $0.39. This figure fell short of analysts’ average expectation of $0.68 by $0.29. The company's net margin is reported at 7.12%, and the return on equity stands at 14.58%. The revenue for the quarter was $420 million, which was below the anticipated $430.38 million. However, compared to the same period last year, revenue increased by 5.4%. Analysts forecast an EPS of 2.64 for CBIZ for the current fiscal year.

Institutional Investment Movements

Several institutional investors and hedge funds have adjusted their holdings in CBIZ recently. Quest Partners LLC significantly increased its stake by 2,980.0% during the second quarter, now holding 462 shares worth $34,000. Whittier Trust Co. also purchased new shares valued at $54,000 during the first quarter. Additionally, Covestor Ltd raised its investment in CBIZ by 45.5%, totaling 707 shares valued at $56,000 after acquiring an extra 221 shares. Signaturefd LLC increased its holdings by 55.8%, now owning 961 shares valued at $65,000 after buying 344 more shares. Lastly, Picton Mahoney Asset Management acquired a new position worth $82,000 in the second quarter. Currently, institutional investors and hedge funds collectively own 87.44% of CBIZ stock.

About CBIZ

CBIZ, Inc. provides a range of financial, insurance, and advisory services across the United States and Canada. The company operates through various segments including Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services segment covers areas such as accounting and tax, financial advisory, valuation services, risk and advisory services, and government healthcare consulting.

Should You Invest in CBIZ?

For those considering investing $1,000 in CBIZ, it's important to take a closer look. While CBIZ has received a "Buy" rating from analysts, other top-rated analysts have identified five stocks that they believe are stronger investments at this time. Therefore, potential investors should weigh their options carefully before making a decision.

CBIZ, Stocks, Trading