Could CBIZ, Inc. (CBZ) Decline After Today’s Huge Increase?

February 15, 2018 - By simple simple

Investors sentiment is 1.82 in Q3 2017. Its the same as in 2017Q2. It is flat, as 8 investors sold CBIZ, Inc. shares while 31 reduced holdings. only 17 funds opened positions while 54 raised stakes. 46.06 million shares or 0.80% less from 46.43 million shares in 2017Q2 were reported.
Northern Corp has 994,694 shares. Principal Financial Grp Inc Inc, Iowa-based fund reported 17,732 shares. Bank & Trust Of America Corporation De holds 0% or 13,911 shares in its portfolio. 4,754 are held by Tower Rech Lc (Trc). Sg Americas Ltd Co invested in 14,053 shares or 0% of the stock. Voya Mgmt Lc invested in 0% or 29,025 shares. Phocas Fincl owns 934,503 shares. Macquarie Gp owns 22,480 shares or 0% of their US portfolio. Hsbc Holdings Public Ltd Co has invested 0% in CBIZ, Inc. (NYSE:CBZ). Blackrock owns 3.32 million shares for 0% of their portfolio. American Century Companies holds 34,418 shares. Arrowstreet Cap Limited Partnership invested in 0% or 77,440 shares. Art Ltd Liability Corp invested 0.02% of its portfolio in CBIZ, Inc. (NYSE:CBZ). California State Teachers Retirement has 81,528 shares for 0% of their portfolio. Ativo Capital Lc owns 99,741 shares.

Since August 31, 2017, it had 0 buys, and 6 insider sales for $2.20 million activity. GROVE WARE H sold $376,515 worth of stock or 25,000 shares. Shares for $246,724 were sold by SPURIO CHRIS. $523,250 worth of stock was sold by Kouzelos Michael P on Tuesday, December 12.

The stock of CBIZ, Inc. (NYSE:CBZ) is a huge mover today! The stock increased 10.92% or $1.775 during the last trading session, reaching $18.025. About 156,346 shares traded. CBIZ, Inc. (NYSE:CBZ) has risen 47.49% since February 15, 2017 and is uptrending. It has outperformed by 30.79% the S&P500.
The move comes after 5 months positive chart setup for the $975.24M company. It was reported on Feb, 15 by Barchart.com. We have $19.47 PT which if reached, will make NYSE:CBZ worth $78.02M more.

CBIZ, Inc. (NYSE:CBZ) Ratings Coverage

Among 2 analysts covering CBIZ (NYSE:CBZ), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. CBIZ had 6 analyst reports since October 7, 2015 according to SRatingsIntel. As per Tuesday, July 19, the company rating was initiated by Sidoti. First Analysis downgraded CBIZ, Inc. (NYSE:CBZ) on Thursday, October 29 to “Underweight” rating. The firm has “Buy” rating by Sidoti given on Thursday, January 21. The firm has “Neutral” rating given on Tuesday, October 13 by Sidoti. The rating was downgraded by First Analysis on Wednesday, October 7 to “Equal-Weight”. First Analysis upgraded the stock to “Equal-Weight” rating in Tuesday, March 15 report.

More recent CBIZ, Inc. (NYSE:CBZ) news were published by: Streetinsider.com which released: “CBIZ, Inc. (CBZ) Acquires Laurus Transaction Advisors” on February 02, 2018. Also Streetinsider.com published the news titled: “CBIZ, Inc. (CBZ) Tops Q4 EPS by 3c, Beats on Revenues” on February 15, 2018. Twst.com‘s news article titled: “CBIZ Inc.: CBIZ To Announce Fourth-Quarter And Full-Year 2017 Results On …” with publication date: January 31, 2018 was also an interesting one.

CBIZ, Inc., through its subsidiaries, provides professional business services, products, and solutions in the United States and Canada. The company has market cap of $975.24 million. It offers its services through three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. It has a 22.17 P/E ratio. The Financial Services practice group provides accounting and tax, government health care consulting, financial advisory, valuation, litigation support, risk and advisory, real estate consulting, and internal audit outsourcing services.

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