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

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

Analyst Upgrades and Downgrades

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

CBIZ Price Performance

The stock has a market cap of $4.35 billion, a PE ratio of 36.69 and a beta of 0.95. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $82.20 and its 200-day moving average is $75.29.

CBIZ (NYSE:CBZ) last released its earnings results on Tuesday, October 29th. The business services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.08. CBIZ had a net margin of 7.08% and a return on equity of 15.12%. The company had revenue of $438.90 million during the quarter, compared to the consensus estimate of $440.16 million. During the same quarter in the previous year, the firm earned $0.66 EPS. The company’s revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts predict that CBIZ, Inc. will post 2.65 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CBZ. Signaturefd LLC boosted its stake in CBIZ by 55.8% during the 3rd quarter. Signaturefd LLC now owns 961 shares of the business services provider’s stock valued at $65,000 after purchasing an additional 344 shares during the period. Quarry LP boosted its stake in CBIZ by 6,335.3% during the 3rd quarter. Quarry LP now owns 1,094 shares of the business services provider’s stock valued at $74,000 after purchasing an additional 1,077 shares during the period. KBC Group NV boosted its stake in CBIZ by 29.7% during the 3rd quarter. KBC Group NV now owns 1,553 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 356 shares during the period. US Bancorp DE boosted its stake in CBIZ by 16.1% during the 3rd quarter. US Bancorp DE now owns 1,796 shares of the business services provider’s stock valued at $121,000 after purchasing an additional 249 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in CBIZ by 31.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,227 shares of the business services provider’s stock valued at $182,000 after purchasing an additional 529 shares during the period. 87.44% of the stock is owned by institutional investors and hedge funds.

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.