CBIZ, Inc. (NYSE:CBZ) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Zacks has also assigned CBIZ an industry rank of 186 out of 265 based on the ratings given to related companies.
Several research firms have commented on CBZ. Zacks Investment Research lowered shares of CBIZ from a “hold” rating to a “sell” rating in a research note on Thursday, February 1st. ValuEngine lowered shares of CBIZ from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
CBIZ (NYSE:CBZ) last posted its quarterly earnings data on Thursday, February 15th. The business services provider reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.03. The firm had revenue of $195.00 million during the quarter, compared to analyst estimates of $191.40 million. CBIZ had a net margin of 5.89% and a return on equity of 9.33%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) EPS. analysts expect that CBIZ will post 1.06 earnings per share for the current year.
CBIZ announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 14th that authorizes the company to buyback 5,000,000 shares. This buyback authorization authorizes the business services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
In other news, Director Steven L. Gerard sold 33,731 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $15.02, for a total transaction of $506,639.62. Following the completion of the sale, the director now owns 349,363 shares in the company, valued at approximately $5,247,432.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael P. Kouzelos sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $14.95, for a total transaction of $523,250.00. Following the sale, the insider now owns 287,972 shares of the company’s stock, valued at approximately $4,305,181.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 105,053 shares of company stock valued at $1,575,512. 6.90% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of CBZ. Koch Industries Inc. purchased a new stake in shares of CBIZ during the 4th quarter worth approximately $158,000. Gotham Asset Management LLC purchased a new stake in shares of CBIZ during the 4th quarter worth approximately $161,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of CBIZ by 2,874.3% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,529 shares of the business services provider’s stock worth $162,000 after purchasing an additional 10,175 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in CBIZ by 0.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,840 shares of the business services provider’s stock worth $208,000 after buying an additional 130 shares during the period. Finally, SG Americas Securities LLC bought a new position in CBIZ in the 3rd quarter worth approximately $228,000. Institutional investors own 83.95% of the company’s stock.
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CBIZ Company Profile
CBIZ, Inc (CBIZ) is engaged in the professional services business. The Company operates its professional services business through acquiring and integrating accounting and financial service providers, group health benefits consulting firms, property and casualty brokerage firms, payroll service providers, and valuation and other service firms throughout the United States.
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