Barrett Business Services, Inc. (NASDAQ:BBSI) COO Gregory R. Vaughn sold 7,488 shares of Barrett Business Services stock in a transaction on Monday, November 19th. The stock was sold at an average price of $71.33, for a total transaction of $534,119.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of BBSI opened at $69.45 on Wednesday. The firm has a market capitalization of $514.61 million, a P/E ratio of 20.86 and a beta of 0.53. Barrett Business Services, Inc. has a one year low of $56.10 and a one year high of $98.76. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04.

Barrett Business Services (NASDAQ:BBSI) last announced its earnings results on Tuesday, November 6th. The business services provider reported $2.50 EPS for the quarter, topping the consensus estimate of $2.21 by $0.29. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.46 billion. Barrett Business Services had a net margin of 3.34% and a return on equity of 36.31%. On average, research analysts expect that Barrett Business Services, Inc. will post 4.51 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 23rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 21st. This represents a $1.00 annualized dividend and a yield of 1.44%. Barrett Business Services’s dividend payout ratio is 30.03%.

BBSI has been the topic of several recent analyst reports. BidaskClub upgraded shares of Barrett Business Services from a “hold” rating to a “buy” rating in a report on Thursday, November 8th. ValuEngine upgraded shares of Barrett Business Services from a “hold” rating to a “buy” rating in a report on Monday, November 12th. Sidoti initiated coverage on shares of Barrett Business Services in a report on Tuesday, October 9th. They issued a “buy” rating and a $95.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Barrett Business Services from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Barrett Business Services currently has a consensus rating of “Buy” and a consensus price target of $97.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of BBSI. Globeflex Capital L P acquired a new stake in Barrett Business Services in the 2nd quarter worth $157,000. Great Lakes Advisors LLC acquired a new stake in Barrett Business Services in the 3rd quarter worth $211,000. Principal Financial Group Inc. acquired a new stake in Barrett Business Services in the 1st quarter worth $226,000. Creative Planning acquired a new stake in Barrett Business Services in the 2nd quarter worth $230,000. Finally, Wedge Capital Management L L P NC grew its position in Barrett Business Services by 49.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 3,503 shares of the business services provider’s stock worth $234,000 after purchasing an additional 1,155 shares during the last quarter. Institutional investors own 81.74% of the company’s stock.

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Barrett Business Services Company Profile

Barrett Business Services, Inc provides business management solutions for small and medium-sized companies in the United States. The company has management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.

Read More: Price to Earnings Ratio (PE)

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