The stock of CBIZ, Inc. (NYSE:CBZ) hit a new 52-week high and has $17.27 target or 41.00% above today’s $12.25 share price. The 6 months bullish chart indicates low risk for the $673.64 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $17.27 price target is reached, the company will be worth $276.19 million 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 36,792 shares traded hands. CBIZ, Inc. (NYSE:CBZ) has risen 18.88% since April 15, 2016 and is uptrending. It has outperformed by 14.26% the S&P500.
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. $11 is the highest target while $9.50 is the lowest. The $9.50 average target is -22.45% below today’s ($12.25) stock price. CBIZ has been the topic of 6 analyst reports since October 7, 2015 according to StockzIntelligence Inc. The rating was upgraded by Sidoti on Thursday, January 21 to “Buy”. The stock of CBIZ, Inc. (NYSE:CBZ) has “Buy” rating given on Tuesday, July 19 by Sidoti. The firm has “Equal-Weight” rating by First Analysis given on Tuesday, March 15. The firm has “Underweight” rating given on Thursday, October 29 by First Analysis. First Analysis downgraded CBIZ, Inc. (NYSE:CBZ) on Wednesday, October 7 to “Equal-Weight” rating. The firm has “Neutral” rating by Sidoti given on Tuesday, October 13.
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 decreased to 0.89 in Q2 2016. Its down 0.35, from 1.24 in 2016Q1. The ratio dived, 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.
Barclays Public Ltd Co has 0% invested in the company for 35,200 shares. Pnc Finance Services Gru Inc holds 0% of its portfolio in CBIZ, Inc. (NYSE:CBZ) for 339 shares. Thrivent Fincl For Lutherans holds 0% or 65,010 shares in its portfolio. Glenmede Tru Na last reported 0% of its portfolio in the stock. Blackrock Inv Management Ltd owns 218,562 shares or 0% of their US portfolio. Opus Cap Group Ltd Llc has invested 0.92% of its portfolio in CBIZ, Inc. (NYSE:CBZ). Lombardia Prtnrs Ltd Liability last reported 0.35% of its portfolio in the stock. Vanguard Group Inc Inc has invested 0% of its portfolio in CBIZ, Inc. (NYSE:CBZ). Alliancebernstein L P, a New York-based fund reported 84,920 shares. Connor Clark Lunn Inv Limited, a British Columbia – Canada-based fund reported 39,725 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 955 shares or 0% of their US portfolio. Los Angeles Mngmt And Equity, a California-based fund reported 26,630 shares. Legal And General Gp Plc holds 0% or 7,785 shares in its portfolio. Secor Cap Advisors L P owns 70,950 shares or 0.09% of their US portfolio. Price T Rowe Assocs Md holds 0% of its portfolio in CBIZ, Inc. (NYSE:CBZ) for 48,775 shares.
Insider Transactions: Since June 3, 2016, the stock had 5 insider buys, and 10 sales for $4.68 million net activity. $238,271 worth of shares were sold by GROVE WARE H on Wednesday, November 9. SPURIO CHRIS also bought $239 worth of CBIZ, Inc. (NYSE:CBZ) shares. On Tuesday, June 14 SLOTKIN TODD J sold $84,360 worth of the stock or 8,000 shares. GERARD STEVEN L also sold $259,260 worth of CBIZ, Inc. (NYSE:CBZ) on Thursday, September 8. The insider GRISKO JEROME P sold 9,090 shares worth $100,717. The insider Marek Kelly sold $210,845. Shares for $749,080 were sold by Kouzelos Michael P.
More news for CBIZ, Inc. (NYSE:CBZ) were recently published by: Streetinsider.com, which released: “CBIZ, Inc. (CBZ) Inks Deal to Acquire Actuarial Consultants, Inc.” on November 03, 2016. Crainscleveland.com‘s article titled: “Pittsburgh health system sues CBIZ Inc. in federal court, seeking $142 million” and published on September 23, 2016 is yet another important article.
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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