CBIZ (NYSE:CBZ) Shares Up 4.3% - Is Now the Right Time to Invest?

CBIZ, Inc. (NYSE:CBZ) saw its stock price rise by 4.3% on Tuesday, reaching a high of $68.23 before closing at $68.21. During the trading session, 175,116 shares changed hands, which is a 44% decrease compared to the average volume of 312,380 shares. Prior to this increase, the stock had closed at $65.41.

Analyst Ratings and Changes

In recent evaluations, various analysts have updated their ratings for CBIZ. On August 12th, Sidoti upgraded the stock from a "neutral" to a "buy" rating, raising the price target from $80.00 to $86.00. Conversely, on September 5th, StockNews.com downgraded CBIZ from a "hold" to a "sell" rating.

Current Stock Performance and Trends

As of now, CBIZ has a market capitalization of $3.37 billion, a P/E ratio of 26.48, and a beta of 0.92. The stock's fifty-day moving average stands at $68.31, while its 200-day moving average is $73.56. The company maintains a current ratio of 1.48, a quick ratio of 1.48, and a debt-to-equity ratio of 0.43.

CBIZ released its latest earnings report on August 1st, where it reported earnings per share (EPS) of $0.39, which was below the consensus estimate of $0.68, resulting in a shortfall of $0.29. The company's return on equity is noted at 14.58%, with a net margin of 7.12%. The company generated $420 million in revenue during the quarter, falling short of the predicted $430.38 million. When compared to the previous year, the revenue showed a growth of 5.4%, with the company earning $0.55 EPS in the same quarter last year. Analysts forecast that CBIZ, Inc. will achieve EPS of $2.64 for the current fiscal year.

Investments and Institutional Holdings

Recently, several institutional investors have made considerable adjustments to their holdings in CBIZ. Capital Research Global Investors increased its share holdings by 309.4% in the first quarter, acquiring an additional 2,364,545 shares, bringing its total to 3,128,738 shares worth approximately $245.6 million. Similarly, Vanguard Group Inc. enhanced its stake by 36.3%, accumulating 986,774 additional shares for a total of 3,705,090 shares valued at $290.85 million. Also noteworthy, Capital World Investors entered a new stake in CBIZ valued at $40.59 million during the first quarter. Handelsbanken Fonder AB significantly increased its stake by 2,333.3% in the third quarter, acquiring 280,000 additional shares for a total of 292,000 shares worth about $19.65 million. Ultimately, institutional investors own 87.44% of CBIZ stock.

Overview of CBIZ

CBIZ, Inc. provides various financial, insurance, and advisory services in the United States and Canada. The company operates through different segments, including Financial Services, Benefits and Insurance Services, and National Practices. It offers services such as accounting, tax, financial advisory, governmental healthcare consulting, and risk assessment.

Final Thoughts

As investors consider the possibility of purchasing CBIZ shares, it's essential to analyze recent stock performance and listen to expert opinions. While some analysts view the stock as a "buy," other top-rated analysts have identified alternative investment options that may be more promising.

CBIZ, Stocks, Invest