Can CBIZ, Inc. (CBZ)’s Tomorrow be Different? The Stock Formed a Double Top Pattern

October 2, 2018 - By Richard Conner

CBIZ, Inc. (NYSE:CBZ) Logo

Investors sentiment increased to 1.07 in Q2 2018. Its up 0.26, from 0.81 in 2018Q1. It improved, as 9 investors sold CBIZ, Inc. shares while 45 reduced holdings. 25 funds opened positions while 33 raised stakes. 47.57 million shares or 2.18% more from 46.56 million shares in 2018Q1 were reported.
Citadel Advsr Ltd Liability Corporation accumulated 0% or 83,451 shares. Country Club Trust Communications Na owns 17,987 shares or 0.05% of their US portfolio. 69,659 were reported by Brown Advisory Inc. Pnc Financial Gru reported 338 shares. Deutsche Financial Bank Ag stated it has 84,472 shares or 0% of all its holdings. Ny State Common Retirement Fund holds 0% of its portfolio in CBIZ, Inc. (NYSE:CBZ) for 168,067 shares. Federated Pa reported 458 shares. 134,567 were reported by Parametric Portfolio Assocs Limited. Manufacturers Life Ins The accumulated 37,735 shares or 0% of the stock. Jpmorgan Chase has 0% invested in CBIZ, Inc. (NYSE:CBZ) for 16,140 shares. Royal Retail Bank Of Canada owns 101,120 shares for 0% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has 2,478 shares for 0% of their portfolio. Bessemer Grp reported 0.01% of its portfolio in CBIZ, Inc. (NYSE:CBZ). Fmr Llc invested in 0.02% or 6.76M shares. Private Cap Limited Co stated it has 2.39% of its portfolio in CBIZ, Inc. (NYSE:CBZ).

Since April 27, 2018, it had 0 buys, and 12 sales for $4.25 million activity. GROVE WARE H also sold $237,500 worth of CBIZ, Inc. (NYSE:CBZ) on Wednesday, August 29. Kouzelos Michael P had sold 35,000 shares worth $777,078. 27,000 shares valued at $632,332 were sold by GLEESPEN MICHAEL W on Thursday, August 23. DIMARTINO JOSEPH S sold $75,220 worth of CBIZ, Inc. (NYSE:CBZ) on Friday, April 27. 35,841 shares were sold by SPURIO CHRIS, worth $853,312 on Monday, September 10. GERARD STEVEN L had sold 1,000 shares worth $18,959.

The chart of CBIZ, Inc. (CBZ) shows a double top with $24.12 target or 4.00 % above today’s $23.19 share price. The 8 months chart pattern indicates low risk for the $1.27 billion company. It was reported on Oct, 2 by If the $24.12 price target is reached, the company will be worth $50.72M more. Double tops are rare but powerful chart patterns.

The stock decreased 2.15% or $0.51 during the last trading session, reaching $23.19. About 238,135 shares traded or 19.78% up from the average. CBIZ, Inc. (NYSE:CBZ) has risen 54.46% since October 2, 2017 and is uptrending. It has outperformed by 38.84% the S&P500.

Analysts await CBIZ, Inc. (NYSE:CBZ) to report earnings on November, 1. They expect $0.22 EPS, up 22.22 % or $0.04 from last year’s $0.18 per share. CBZ’s profit will be $12.03M for 26.35 P/E if the $0.22 EPS becomes a reality. After $0.23 actual EPS reported by CBIZ, Inc. for the previous quarter, Wall Street now forecasts -4.35 % negative EPS growth.

CBIZ, Inc., through its subsidiaries, provides professional business services, products, and solutions in the United States and Canada. The company has market cap of $1.27 billion. It offers its services through three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. It has a 20.49 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.

CBIZ, Inc. (NYSE:CBZ) Institutional Positions Chart

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