The stock of CBIZ, Inc. (NYSE:CBZ) hit a new 52-week high and has $13.55 target or 9.00% above today’s $12.43 share price. The 9 months bullish chart indicates low risk for the $669.07 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $13.55 price target is reached, the company will be worth $60.22M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 15,873 shares traded hands. CBIZ, Inc. (NYSE:CBZ) has risen 24.63% since April 22, 2016 and is uptrending. It has outperformed by 19.22% the S&P500.
Analysts await CBIZ, Inc. (NYSE:CBZ) to report earnings on February, 16. They expect $-0.04 EPS, down 144.44% or $0.13 from last year’s $0.09 per share. After $0.20 actual EPS reported by CBIZ, Inc. for the previous quarter, Wall Street now forecasts -120.00% negative EPS growth.
CBIZ, Inc. (NYSE:CBZ) Ratings Coverage
Out of 2 analysts covering CBIZ (NYSE:CBZ), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. CBIZ has been the topic of 6 analyst reports since October 7, 2015 according to StockzIntelligence Inc. On Tuesday, July 19 the stock rating was initiated by Sidoti with “Buy”. First Analysis upgraded the stock to “Equal-Weight” rating in Tuesday, March 15 report. The firm earned “Underweight” rating on Thursday, October 29 by First Analysis. The rating was upgraded by Sidoti on Thursday, January 21 to “Buy”. The company was downgraded on Tuesday, October 13 by Sidoti. The firm earned “Equal-Weight” rating on Wednesday, October 7 by First Analysis.
According to Zacks Investment Research, “CBIZ, Inc. provides professional business services that help clients better manage their finances and employees. CBIZ provides its clients with financial services including accounting, tax, financial advisory, government health care consulting, risk advisory, merger and acquisition advisory, real estate consulting, and valuation services. Employee services include employee benefits consulting, property and casualty insurance, retirement plan consulting, payroll, life insurance, HR consulting, and executive recruitment. As one of the nation’s largest brokers of employee benefits and property and casualty insurance, and one of the largest accounting and valuation companies in the United States, the Company’s services are provided through nearly 100 Company offices in 32 states.”
Insitutional Activity: The institutional sentiment increased to 1.52 in Q2 2016. Its up 0.63, from 0.89 in 2016Q1. The ratio improved, as 14 funds sold all CBIZ, Inc. shares owned while 40 reduced positions. 7 funds bought stakes while 41 increased positions. They now own 43.91 million shares or 0.55% less from 44.15 million shares in 2016Q1.
Citigroup Inc owns 26,239 shares or 0% of their US portfolio. Panagora Asset Mgmt reported 16,008 shares or 0% of all its holdings. First Advsrs L P owns 25,514 shares or 0% of their US portfolio. Great West Life Assurance Can owns 11,100 shares or 0% of their US portfolio. Susquehanna Grp Limited Liability Partnership has 0% invested in the company for 92,513 shares. Ameriprise Inc holds 0% of its portfolio in CBIZ, Inc. (NYSE:CBZ) for 13,490 shares. Los Angeles Cap Management Equity accumulated 0% or 26,630 shares. Phocas last reported 932,599 shares in the company. Goldman Sachs Group holds 0% or 50,695 shares in its portfolio. Voya Lc last reported 26,407 shares in the company. Blackrock Investment Mngmt Ltd accumulated 0% or 218,562 shares. Geode Mngmt Limited Co, a Massachusetts-based fund reported 392,878 shares. Moreover, Legal And General Grp Public Ltd Com has 0% invested in CBIZ, Inc. (NYSE:CBZ) for 7,785 shares. Art Limited Liability Company has invested 0.01% of its portfolio in CBIZ, Inc. (NYSE:CBZ). Lsv Asset accumulated 506,600 shares or 0.01% of the stock.
Insider Transactions: Since June 3, 2016, the stock had 5 insider purchases, and 10 sales for $4.68 million net activity. The insider SPURIO CHRIS bought $239. GRISKO JEROME P also sold $100,717 worth of CBIZ, Inc. (NYSE:CBZ) on Tuesday, September 13. The insider GERARD STEVEN L sold $2.03 million. GROVE WARE H also sold $238,271 worth of CBIZ, Inc. (NYSE:CBZ) on Wednesday, November 9. Shares for $749,080 were sold by Kouzelos Michael P. Shares for $210,845 were sold by Marek Kelly on Monday, November 14. SLOTKIN TODD J had sold 8,000 shares worth $84,360.
More important recent CBIZ, Inc. (NYSE:CBZ) news were published by: Crainscleveland.com which released: “Pittsburgh health system sues CBIZ Inc. in federal court, seeking $142 million” on September 23, 2016, also Streetinsider.com published article titled: “CBIZ, Inc. (CBZ) Inks Deal to Acquire Actuarial Consultants, Inc.”, Streetinsider.com published: “CBIZ, Inc. (CBZ) Announces Acquisition of Savitz” on April 01, 2016. More interesting news about CBIZ, Inc. (NYSE:CBZ) was released by: Crainscleveland.com and their article: “CBIZ Inc. acquires Savitz Organization of Philadelphia” with publication date: April 04, 2016.
CBZ Company Profile
CBIZ, Inc., incorporated on June 16, 1987, is engaged in providing professional business services, products and solutions to businesses, as well as individuals, governmental entities and not-for-profit enterprises, throughout the United States and parts of Canada. The Company’s business units are aggregated into three practice groups: Financial Services, National Practices and Employee Services.
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