BidaskClub upgraded shares of Barrett Business Services (NASDAQ:BBSI) from a hold rating to a buy rating in a report released on Thursday, BidAskClub reports.

Other analysts also recently issued reports about the stock. Roth Capital boosted their target price on shares of Barrett Business Services from $100.00 to $109.00 and gave the stock a buy rating in a research report on Thursday, February 28th. Zacks Investment Research raised shares of Barrett Business Services from a hold rating to a buy rating and set a $70.00 target price for the company in a research report on Friday, February 1st. Finally, ValuEngine downgraded shares of Barrett Business Services from a hold rating to a sell rating in a research report on Saturday, February 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $97.00.

Shares of BBSI opened at $75.19 on Thursday. Barrett Business Services has a 52 week low of $53.10 and a 52 week high of $98.76. The company has a market cap of $557.16 million, a P/E ratio of 15.10 and a beta of 0.82. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.19.

Barrett Business Services (NASDAQ:BBSI) last announced its quarterly earnings data on Tuesday, April 30th. The business services provider reported ($0.31) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.81) by $0.50. Barrett Business Services had a net margin of 4.80% and a return on equity of 42.37%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.39 billion. On average, equities research analysts predict that Barrett Business Services will post 5.5 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, May 16th. Barrett Business Services’s dividend payout ratio is 20.08%.

In other Barrett Business Services news, Director Anthony Meeker sold 2,332 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $76.49, for a total value of $178,374.68. Following the completion of the sale, the director now directly owns 10,327 shares of the company’s stock, valued at $789,912.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Gregory R. Vaughn sold 7,679 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $80.98, for a total transaction of $621,845.42. Following the completion of the sale, the chief operating officer now directly owns 88,157 shares of the company’s stock, valued at $7,138,953.86. The disclosure for this sale can be found here. Insiders sold 15,572 shares of company stock valued at $1,254,276 over the last three months. Insiders own 6.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of BBSI. Acadian Asset Management LLC lifted its stake in shares of Barrett Business Services by 20.7% in the fourth quarter. Acadian Asset Management LLC now owns 19,660 shares of the business services provider’s stock worth $1,127,000 after buying an additional 3,378 shares during the last quarter. FMR LLC lifted its stake in shares of Barrett Business Services by 97.0% in the fourth quarter. FMR LLC now owns 152,531 shares of the business services provider’s stock worth $8,732,000 after buying an additional 75,117 shares during the last quarter. MetLife Investment Advisors LLC lifted its stake in shares of Barrett Business Services by 55.1% in the third quarter. MetLife Investment Advisors LLC now owns 5,209 shares of the business services provider’s stock worth $348,000 after buying an additional 1,851 shares during the last quarter. Martingale Asset Management L P lifted its stake in shares of Barrett Business Services by 32.6% in the fourth quarter. Martingale Asset Management L P now owns 35,014 shares of the business services provider’s stock worth $2,006,000 after buying an additional 8,601 shares during the last quarter. Finally, Aptus Capital Advisors LLC acquired a new stake in shares of Barrett Business Services in the fourth quarter worth $217,000. 80.04% of the stock is owned by institutional investors.

Barrett Business Services Company Profile

Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. It develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. The company offers professional employer services under which it enters into a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workers' compensation coverage, and other administration functions for the client's existing workforce.

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