Barrett Business Services Inc. (BBSI) Stock Price Up 2.3%
Shares of Barrett Business Services Inc. (NASDAQ:BBSI) rose 2.3% on Tuesday . The company traded as high as $44.66 and last traded at $43.50, with a volume of 51,936 shares traded. The stock had previously closed at $42.53.
Separately, TheStreet lowered Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Thursday, June 23rd.
The company has a market cap of $311.18 million and a price-to-earnings ratio of 13.62. The firm has a 50 day moving average price of $40.84 and a 200-day moving average price of $34.64.
Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings data on Wednesday, June 22nd. The company reported ($1.11) earnings per share for the quarter. The firm had revenue of $191 billion for the quarter, compared to analyst estimates of $166 million. On average, equities research analysts forecast that Barrett Business Services Inc. will post $3.43 EPS for the current fiscal year.
In other Barrett Business Services news, Director Jon L. Justesen acquired 1,000 shares of the company’s stock in a transaction dated Saturday, May 7th. The stock was acquired at an average cost of $46.81 per share, with a total value of $46,810.00. Following the purchase, the director now directly owns 12,628 shares in the company, valued at approximately $591,116.68. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
A hedge fund recently raised its stake in Barrett Business Services stock. California Public Employees Retirement System raised its position in Barrett Business Services Inc. (NASDAQ:BBSI) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,500 shares of the company’s stock after buying an additional 12,000 shares during the period. California Public Employees Retirement System owned 1.41% of Barrett Business Services worth $4,419,000 at the end of the most recent quarter.
Barrett Business Services, Inc (BBSI) is a provider of business management solutions for small and mid-sized companies. The Company has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.