ValuEngine downgraded shares of CBIZ (NYSE:CBZ) from a buy rating to a hold rating in a report published on Tuesday.

Separately, Zacks Investment Research downgraded CBIZ from a hold rating to a sell rating in a research report on Monday, December 3rd.

Shares of CBIZ stock opened at $20.06 on Tuesday. The stock has a market cap of $1.10 billion, a PE ratio of 18.40 and a beta of 0.51. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.32 and a quick ratio of 1.32. CBIZ has a 52-week low of $17.98 and a 52-week high of $24.38.

CBIZ (NYSE:CBZ) last posted its earnings results on Wednesday, February 13th. The business services provider reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.02. CBIZ had a return on equity of 10.45% and a net margin of 6.68%. The firm had revenue of $199.00 million during the quarter, compared to analyst estimates of $202.33 million. During the same period in the previous year, the company earned $0.04 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts expect that CBIZ will post 1.2 earnings per share for the current fiscal year.

In other CBIZ news, insider Michael W. Gleespen sold 44,010 shares of CBIZ stock in a transaction that occurred on Friday, January 4th. The stock was sold at an average price of $20.01, for a total value of $880,640.10. Following the transaction, the insider now directly owns 65,870 shares of the company’s stock, valued at approximately $1,318,058.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael W. Gleespen sold 54,682 shares of CBIZ stock in a transaction that occurred on Monday, January 7th. The stock was sold at an average price of $20.01, for a total value of $1,094,186.82. Following the completion of the transaction, the insider now directly owns 65,870 shares in the company, valued at $1,318,058.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 120,380 shares of company stock worth $2,433,898. Company insiders own 7.20% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC increased its position in shares of CBIZ by 4.2% during the fourth quarter. FMR LLC now owns 8,259,033 shares of the business services provider’s stock valued at $162,703,000 after purchasing an additional 330,353 shares during the period. BlackRock Inc. increased its position in shares of CBIZ by 6.4% during the fourth quarter. BlackRock Inc. now owns 3,988,818 shares of the business services provider’s stock valued at $78,579,000 after purchasing an additional 239,889 shares during the period. Vanguard Group Inc. increased its position in shares of CBIZ by 0.7% during the third quarter. Vanguard Group Inc. now owns 2,439,155 shares of the business services provider’s stock valued at $57,809,000 after purchasing an additional 15,817 shares during the period. Vanguard Group Inc increased its position in shares of CBIZ by 0.7% during the third quarter. Vanguard Group Inc now owns 2,439,155 shares of the business services provider’s stock valued at $57,809,000 after purchasing an additional 15,817 shares during the period. Finally, Norges Bank bought a new stake in shares of CBIZ during the fourth quarter valued at approximately $21,969,000. 86.91% of the stock is currently owned by institutional investors.

CBIZ Company Profile

CBIZ, Inc provides professional business services that help its clients manage their finances, employees, and insurance needs. It offers its services through three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The Financial Services practice group provides accounting, tax, financial advisory, government healthcare consulting, and risk advisory and valuation services.

Further Reading: Do back-end load funds outperform no-load funds?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for CBIZ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBIZ and related companies with MarketBeat.com's FREE daily email newsletter.