BidaskClub Upgrades Barrett Business Services (BBSI) to Hold

Barrett Business Services (NASDAQ:BBSI) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other equities research analysts also recently weighed in on the company. ValuEngine downgraded Barrett Business Services from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Zacks Investment Research downgraded Barrett Business Services from a “hold” rating to a “sell” rating in a report on Friday, August 10th.

Barrett Business Services stock opened at $65.79 on Thursday. Barrett Business Services has a one year low of $54.41 and a one year high of $98.76. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $473.46 million, a price-to-earnings ratio of 19.76 and a beta of 0.65.

Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings data on Tuesday, August 7th. The business services provider reported $1.46 EPS for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.26). The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.42 billion. Barrett Business Services had a return on equity of 33.22% and a net margin of 2.91%. equities research analysts expect that Barrett Business Services will post 4.27 earnings per share for the current fiscal year.

In other Barrett Business Services news, Director Anthony Meeker sold 1,000 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $66.88, for a total value of $66,880.00. Following the sale, the director now owns 11,894 shares of the company’s stock, valued at approximately $795,470.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. Strs Ohio boosted its holdings in shares of Barrett Business Services by 6.5% in the 2nd quarter. Strs Ohio now owns 9,800 shares of the business services provider’s stock valued at $946,000 after purchasing an additional 600 shares in the last quarter. Martingale Asset Management L P boosted its holdings in shares of Barrett Business Services by 5.2% in the 2nd quarter. Martingale Asset Management L P now owns 26,312 shares of the business services provider’s stock valued at $2,541,000 after purchasing an additional 1,301 shares in the last quarter. MetLife Investment Advisors LLC boosted its holdings in shares of Barrett Business Services by 35.8% during the 1st quarter. MetLife Investment Advisors LLC now owns 5,240 shares of the business services provider’s stock valued at $434,000 after acquiring an additional 1,382 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Barrett Business Services by 127.0% during the 2nd quarter. Macquarie Group Ltd. now owns 2,860 shares of the business services provider’s stock valued at $276,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Globeflex Capital L P acquired a new stake in shares of Barrett Business Services during the 2nd quarter valued at $157,000. 81.19% of the stock is currently owned by hedge funds and other institutional investors.

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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