Barrett Business Services, Inc. (BBSI) COO Gregory R. Vaughn Sells 7,488 Shares
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.
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.
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.
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