CBIZ (NYSE:CBZ) Hits New 1-Year High – Still a Buy?

CBIZ, Inc. (NYSE:CBZ)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $86.55 and last traded at $85.80, with a volume of 31479 shares traded. The stock had previously closed at $85.42.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of CBIZ from a “sell” rating to a “hold” rating in a research note on Friday, December 27th.

CBIZ Trading Up 1.8 %

The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 36.69 and a beta of 0.95. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49. The company’s 50 day simple moving average is $82.20 and its two-hundred day simple moving average is $75.29.

CBIZ (NYSE:CBZ) last released its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.08. The firm had revenue of $438.90 million for the quarter, compared to analyst estimates of $440.16 million. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS. Research analysts expect that CBIZ, Inc. will post 2.65 EPS for the current fiscal year.

Institutional Trading of CBIZ

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its holdings in shares of CBIZ by 7.2% during the 4th quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider’s stock worth $208,000 after buying an additional 170 shares during the period. AQR Capital Management LLC boosted its holdings in shares of CBIZ by 1.2% during the 2nd quarter. AQR Capital Management LLC now owns 14,960 shares of the business services provider’s stock worth $1,109,000 after buying an additional 176 shares during the period. US Bancorp DE boosted its holdings in shares of CBIZ by 16.1% during the 3rd quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock worth $121,000 after buying an additional 249 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of CBIZ by 1.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,514 shares of the business services provider’s stock worth $1,111,000 after buying an additional 279 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of CBIZ by 55.8% during the 3rd quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock worth $65,000 after buying an additional 344 shares during the period. 87.44% of the stock is owned by institutional investors.

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.