CBIZ Inc. (CBZ) concluded trading on 01/18/23 at a closing price of $46.56, with 0.21 million shares of worth about $9.89 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.19% during that period and on Wednesday the price saw a loss of about -3.24%. Currently the company’s common shares owned by public are about 51.46M shares, out of which, 48.26M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 3 analysts are covering the CBZ stock and their offered price forecasts bring an average price target of $54.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $58.00 and could fall to a lowest price of $50.00. The stock’s current price level is 13.78% above of average price target set by the analysts, while a rise to estimated low would result in gain of 6.88% for the stock. However, touching the estimated high of $58.00 would mean a gain of 19.72% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 117 times over the past 12 months. They bought 967,218 shares in 61 of the transactions. In 56 selling transactions, insiders dumped 691,484 shares.
Fidelity Small Cap America Fund, Calvert Small Cap Fund, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in CBIZ Inc. Fidelity Small Cap America Fund is currently holding 1.92 million shares of worth totaling $89.86 million. The company recently came buying 0.0 shares which brought its stake up to 3.77% of the company’s outstanding shares. Calvert Small Cap Fund sold -0.15 million shares, after which its hold over company’s outstanding shares shrunk to 3.34%, leaving 1.7 million shares with the mutual fund that have a worth of about $79.55 million. Vanguard Total Stock Market Index, after buying 1.48 million shares, have now control over 2.91% of the stake in the company. It holds 2531.0 shares of worth $69.28 million.
CBIZ Inc. (NYSE: CBZ) started trading at $48.15, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 48.63, or with a loss of -3.24%. Stock saw a price change of 0.54% in past 5 days and over the past one month there was a price change of -4.41%. Year-to-date (YTD), CBZ shares are showing a performance of -0.62% which increased to 14.01% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.46 but also hit the highest price of $51.67 during that period. The average intraday trading volume for CBIZ Inc. shares is 223.74K. The stock is currently trading -1.08% below its 20-day simple moving average (SMA20), while that difference is down -3.13% for SMA50 and it goes to 5.71% higher than SMA200.
CBIZ Inc. (NYSE: CBZ) currently have 51.46M outstanding shares and institutions hold larger chunk of about 95.50% of that. Holding of mutual funds in the company is about 44.93% while other institutional holders and individual stake holders have control over 47.99% and 36.92% of the stake respectively.
The stock has a current market capitalization of $2.36B and its 3Y-monthly beta is at 0.76. PE ratio of stock for trailing 12 months is 22.89, while it has posted earnings per share of $2.03 in the same period. Its PEG reads 1.53 and has Quick Ratio of 1.30 while making debt-to-equity ratio of 0.35. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CBZ, volatility over the week remained 2.46% while standing at 2.08% over the month.
Analysts are in expectations that CBIZ Inc. (CBZ) stock would likely to be making an EPS of -$0.14 in the current quarter, while forecast for next quarter EPS is $1.26 and it is $2.41 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.17 which is -$0.13 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.19 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -6.70% while it is estimated to increase by 17.76% in next year. EPS is likely to grow at an annualized rate of 15.00% for next 5-years, compared to annual growth of 11.70% made by the stock over the past 5-years.
Analysts at 3 brokerage firms have issued recommendations for the CBIZ Inc. (CBZ)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.30. Out of those 3 Wall Street analysts, 3 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
On July 19, 2016, Sidoti Initiated their recommendations, while on March 15, 2016, First Analysis Sec Upgrade their ratings for the stock with a price target of $9.50. Stock get a Buy rating from Sidoti on January 21, 2016.
