CBZ Stock Summary and Trading Ideas (Cbiz | NYSE:CBZ)

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.

Cbiz trades on the NYSE stock market under the symbol CBZ.

As of April 17, 2024, CBZ stock price declined to $73.69 with 349,671 million shares trading.

CBZ has a beta of 1.22, meaning it tends to be more sensitive to market movements. CBZ has a correlation of 0.41 to the broad based SPY ETF.

CBZ has a market cap of $3.69 billion. This is considered a Mid Cap stock.

Last quarter Cbiz reported $328 million in Revenue and -$.26 earnings per share. This beat revenue expectation by $19 million and exceeded earnings estimates by $.02.

In the last 3 years, CBZ stock traded as high as $79.55 and as low as $30.68.

The top ETF exchange traded funds that CBZ belongs to (by Net Assets): VTI, IWM, VXF, VB, IWO.

CBZ has outperformed the market in the last year with a return of +42.2%, while the SPY ETF gained +22.5%. In the last 3 month period, CBZ beat the market returning +17.5%, while SPY returned +6.3%. However, in the most recent 2 weeks CBZ has underperformed the stock market by returning -3.7%, while SPY returned -3.6%.

CBZ support price is $73.69 and resistance is $75.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CBZ stock will trade within this expected range on the day.