CBIZ (NYSE:CBZ) Stock, Quote.Headers.trade-ideas

CBIZ

CBIZ Inc through its subsidiaries provides professional business services. Its business units have been aggregated into three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The company provides its services to various industries such as Agribusiness, Agribusiness, SAAS, Construction, Health Care, Oil and Gas, Real Estate, Retail, Financial Institutions, and Government among others. It derives the majority of its revenues from the Financial Services segment and geographically from the United States.

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CBIZ Acquires Non-Attest Assets Of Accounting Firm Marks Paneth

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Stocks That Hit 52-Week Highs On Tuesday

CBIZ Inc

Sidoti &amp; Co. analyst Marc Riddick upgrades CBIZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBZ#NYSE">CBZ</a>) from Neutral to Buy and announces $86 price target.

Upgrades

Price Target

Analyst Ratings

Sidoti & Co. Upgrades CBIZ to Buy, Announces $86 Price Target

WIIM

CBIZ shares are trading lower after the company reported worse-than-expected Q2 financial results. Additionally, the company announced it entered into an agreement to acquire the Non-attest business of Marcum in a cash and stock transaction value at $2.3 billion.

CBIZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBZ#NYSE">CBZ</a>) reported quarterly earnings of $0.50 per share which missed the analyst consensus estimate of $0.68 by 26.47 percent. This is a 9.09 percent decrease over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $420.01 million which missed the analyst consensus estimate of $430.38 million by 2.41 percent. This is a 5.40 percent increase over sales of $398.50 million the same period last year.

Earnings

Earnings Misses

CBIZ Q2 Adj. EPS $0.50 Misses $0.68 Estimate, Sales $420.01M Miss $430.38M Estimate

CBIZ Entered Into A Definitive Agreement To Acquire The Non-attest Business Of Marcum In A Cash-and-stock Transaction Is Valued At Approximately $2.3B

Guidance

CBIZ Sees FY24 Revenue Growth Of 7% - 9%; Adj EPS Of $2.70 - $2.75 Vs. $2.72 Est.

CBIZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBZ#NYSE">CBZ</a>) reported quarterly earnings of $1.54 per share which beat the analyst consensus estimate of $1.50 by 2.67 percent. This is a 5.48 percent increase over earnings of $1.46 per share from the same period last year. The company reported quarterly sales of $494.30 million which beat the analyst consensus estimate of $490.88 million by 0.70 percent. This is a 8.73 percent increase over sales of $454.61 million the same period last year.

Earnings Beats

CBIZ Q1 Adj $1.54 Beats $1.50 Estimate, Sales $494.30M Beat $490.88M Estimate

CBIZ, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBZ#NYSE">CBZ</a>) ("the Company"), a leading provider of financial, insurance and advisory services, announced today it has acquired technology solutions provider, CompuData, Inc. (CompuData), of Philadelphia, PA, effective March 1, 2024.
Founded in 1971, CompuData is a premier technology solutions provider for small and midsize organizations. They provide cloud computing, accounting ERP software, managed IT and security to clients with the tools to scale, protect, and streamline their organizations. CompuData is a Sage Diamond Partner and has Microsoft Partner designation in both Azure Cloud and Modern Work. The firm has 60 employees and approximately $20 million in annual revenue.
Jerry Grisko, President and CEO of CBIZ, said, "We have experienced an increasingly high demand across the country for precisely the suite of services that CompuData has built an impressive reputation providing. In the CompuData team, we have found a partner that is equally invested in and dedicated to its clients' success by offering essential solutions that they rely on. For these reasons and more, we are thrilled to welcome CompuData to CBIZ."
Angela Nadeau, President and CEO of CompuData, stated, "Our entire team is very excited to join forces with such a strong and nationally recognized partner such as CBIZ. Our industry verticals, including financial services, construction, manufacturing, distribution, and technology, align extremely well. We see great opportunity and expect our partnership to be mutually beneficial to our valued employees and clients."

CBIZ Acquires Compudata, Inc.; Financial Terms Of Transaction Not Disclosed

CBIZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBZ#NYSE">CBZ</a>) reported quarterly losses of $(0.26) per share which beat the analyst consensus estimate of $(0.27) by 3.7 percent. The company reported quarterly sales of $327.55 million which beat the analyst consensus estimate of $309.02 million by 5.99 percent. This is a 11.02 percent increase over sales of $295.04 million the same period last year.

CBIZ Q4 2023 Adj EPS $(0.26) Beats $(0.27) Estimate, Sales $327.55M Beat $309.02M Estimate

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Earnings Scheduled For February 15, 2024

CBIZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBZ#NYSE">CBZ</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-15. Here's what investors need to know before the announcement.
Analysts estimate that CBIZ will report an earnings per share (EPS) of $-0.28. 
CBIZ bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.07, which was followed by a 1.42% drop in the share price the next day.
Here's a look at CBIZ's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.59</td>
<td>0.65</td>
<td>1.25</td>
<td>-0.21</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.66</td>
<td>0.55</td>
<td>1.46</td>
<td>-0.21</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.42%</td>
<td>1.71%</td>
<td>-0.06%</td>
<td>5.96%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707922907_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of CBIZ were trading at $63.35 as of February 13. Over the last 52-week period, shares are up 35.98%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/CBZ/earnings">To track all earnings releases for CBIZ visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: CBIZ

Sidoti &amp; Co. analyst Marc Riddick downgrades CBIZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBZ#NYSE">CBZ</a>) from Buy to Neutral and announces $63 price target.

Downgrades

Sidoti & Co. Downgrades CBIZ to Neutral, Announces $63 Price Target

Sidoti &amp; Co. analyst Marc Riddick upgrades CBIZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBZ#NYSE">CBZ</a>) from Neutral to Buy and announces $63 price target.

Sidoti & Co. Upgrades CBIZ to Buy, Announces $63 Price Target

CBIZ Sees FY23 Adj EPS Up 11%-13% To $2.36-$2.41 Vs $2.36 Est.

CBIZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBZ#NYSE">CBZ</a>) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.59 by 11.86 percent. This is a 29.41 percent increase over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $410.54 million which beat the analyst consensus estimate of $395.53 million by 3.79 percent. This is a 13.01 percent increase over sales of $363.26 million the same period last year.

CBIZ Q3 Adj EPS $0.66 Beats $0.59 Estimate, Sales $410.54M Beat $395.53M Estimate

Sidoti &amp; Co. analyst Marc Riddick downgrades CBIZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBZ#NYSE">CBZ</a>) from Buy to Neutral and announces $58 price target.

Sidoti & Co. Downgrades CBIZ to Neutral, Announces $58 Price Target

Benaree Pratt Wiley, Board Member at CBIZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBZ#NYSE">CBZ</a>), reported a large insider sell on August 7, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000944148/000112760223022130//Archives/edgar/data/944148/000112760223022130/0001127602-23-022130-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that Wiley sold 7,519 shares of CBIZ. The total transaction amounted to $406,116. 
CBIZ shares are trading down 1.5% at $54.35 at the time of this writing on Tuesday morning.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000944148">Check Out The Full List Of CBIZ's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

CBIZ Board Member Trades Company's Stock

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30.</a>
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Equifax Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/efx#NYSE">EFX</a>)</h3>
<ul>
<li>Equifax reported second-quarter revenues of $1.318 billion, flat Y/Y and up 1% Y/Y in constant currencies, broadly in line with the consensus. &quot;Equifax had a solid second quarter against a continuing challenging mortgage market, with very good execution against our 2023 Cloud spending reduction plan,&rdquo; said Mark W. Begor, CEO of Equifax. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/EFX">52-week low of $145.98 </a>.</li>
<li>RSI Value: 28.64</li>
<li>EFX Price Action: Shares of Equifax fell 0.3% to close at $202.86 on Thursday.</li>
</ul>
<h3>SKYX Platforms Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/skyx#NASDAQ">SKYX</a>)</h3>
<ul>
<li>SKYX Platforms said Khadija Mustafa - former AI and global business leader at Microsoft - has been appointed as a Senior Tech, AI and Global Business Advisor to SKYX. It <a href="https://www.benzinga.com/quote/SKYX"> has a 52-week low </a> of $1.35.</li>
<li>RSI Value: 23.60</li>
<li>SKYX Price Action: Shares of SKYX Platforms fell 5.6% to close at $1.86 on Thursday.</li>
</ul>
<h3>RTX Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>)</h3>
<ul>
<li>RTX reported second-quarter FY23 sales growth of 12% year-over-year to $18.32 billion, +13% organically, beating the consensus of $17.68 billion. &quot;Based on the strong performance year-to-date and strong end-markets, we are raising our full year sales outlook and tightening our adjusted EPS outlook. However, we are lowering our free cash flow outlook to reflect the impact of an issue that has recently come to light, which will require Pratt &amp; Whitney to remove certain engines from service for inspection earlier than expected,&quot; commented RTX Chairman and CEO Greg Hayes. The company&rsquo;s stock has a 52-week <a href="https://www.benzinga.com/quote/RTX"> low of $80.27.</a></li>
<li>RSI Value: 19.70</li>
<li>RTX Price Action: Shares of RTX fell 1.3% to close at $85.17 on Thursday.</li>
</ul>
<h3>Casella Waste Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cwst#NASDAQ">CWST</a>)</h3>
<ul>
<li>The company posted downbeat quarterly results. &quot;We executed well in the second quarter against our operating initiatives and growth strategies, which helped to drive meaningful Adjusted EBITDA growth and margin expansion, despite significant recycling headwinds with commodity prices down 53% year-over-year,&rdquo; said John W. Casella, Chairman and CEO of Casella Waste Systems, Inc. The company&rsquo;s 52-week low is $70.07.</li>
<li>RSI Value: 29.17</li>
<li>CWST Price Action: Shares of Casella Waste Systems fell 2% to close at $82.37 on Thursday.</li>
</ul>
<h3>CBIZ, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cbz#NYSE">CBZ</a>)</h3>
<ul>
<li>CBIZ posted downbeat earnings for the second quarter. Jerry Grisko, CBIZ President and Chief Executive Officer, said, &quot;Following an exceptionally strong first quarter, our core businesses continued to perform well during the second quarter, and demand for our financial services, including accounting, tax and our advisory services, as well as our benefits and insurance offerings, remains strong.&quot; The company <a href="https://www.benzinga.com/quote/CBZ"> has a 52-week low </a> of $42.23.</li>
<li>RSI Value: 28.03</li>
<li>CBZ Price Action: Shares of CBIZ fell 3.8% to close at $51.45 on Thursday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/23/07/33417988/amazon-roblox-and-2-other-stocks-insiders-are-selling"> Amazon, Roblox And 2 Other Stocks Insiders Are Selling</a>

<div>The Company increased its 2023 revenue growth expectations to within a range of 10% to 12% over the prior year, up from previous guidance of within a range of 8% to 10%.</div>

CBIZ Reaffirms Outlook For FY23 Adjusted EPS Of $2.36-$2.41 Vs. Consensus Of $2.41

CBIZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBZ#NYSE">CBZ</a>) reported quarterly&nbsp;adjusted earnings of $0.55 per share which missed the analyst consensus estimate of $0.65 by 15.38 percent. This is a 12.7 percent decrease over earnings of $0.63 per share from the same period last year. The company reported quarterly sales of $398.50 million which beat the analyst consensus estimate of $392.36 million by 1.56 percent. This is a 10.10 percent increase over sales of $361.95 million the same period last year.

CBIZ Q2 Adj. EPS $0.55 Misses $0.65 Estimate, Sales $398.50M Beat $392.36M Estimate

Founded in 1997, APA provides full-service retirement plan consulting and administration assisting more than 1,200 clients in the design, implementation, and administration of all types of retirement plans including 401(k), 403(b), 457(b), defined benefit and cash balance. APA has 14 employees and approximately&nbsp;$2.9 million&nbsp;in revenue.

CBIZ Acquires American Pension Advisors Of Indianapolis, Effective July 1, 2023; Terms Not Disclosed

CBIZ, Inc. 2024 Q1 - Results - Earnings Call Presentation

CBIZ, Inc. (CBZ) Q1 2024 Earnings Call Transcript

CBIZ misses top-line and bottom-line estimates; updates FY24 EPS outlook

CBIZ to buy non-attest business of Marcum in a ~$2.3 billion deal

CBIZ, Inc. 2024 Q2 - Results - Earnings Call Presentation

CBIZ, Inc. (CBZ) Q2 2024 Earnings Call Transcript

CBIZ: A Big Deal, Deviating From Its Bolt-On Acquisition Strategy

CBIZ Acquisition Of Marcum Points To Big Earnings Gains Next Year

Tax firm Andersen Global evaluating IPO - WSJ

Warning: CBZ is at high risk of performing badly

Press Releases

INVESTIGATION ALERT: Halper Sadeh LLC Continues to Investigate PETQ, DRQ, CBZ on Behalf of Shareholders

CBZ Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of CBIZ, Inc. is Fair to Shareholders

Small Business Hiring Rebounds in August After Two Consecutive Months of Decline

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates UNIT, CBZ, ARC, K on Behalf of Shareholders

SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of CBIZ, Inc. - CBZ

Legal

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SGRP, CBZ, SPR on Behalf of Shareholders

Kuehn Law Encourages VGR, FYBR, GATO, and CBZ Investors to Contact Law Firm

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates SGRP, ENV, CBZ on Behalf of Shareholders

Kaskela Law LLC Announces Shareholder Investigation of CBIZ, Inc. (NYSE: CBZ) and Encourages Investors to Contact the Firm

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CBIZ (CBZ) Forecast

CBIZ (NYSE:CBZ) Stock, Quote.Headers.trade-ideas