Barrett Business Services (NASDAQ:BBSI) Receives Outperform Rating from Barrington Research

Barrington Research restated their outperform rating on shares of Barrett Business Services (NASDAQ:BBSI) in a research note issued to investors on Monday, Benzinga reports. Barrington Research currently has a $141.00 target price on the business services provider’s stock.

Barrett Business Services Trading Up 0.4 %

Shares of BBSI opened at $122.81 on Monday. Barrett Business Services has a 12 month low of $76.22 and a 12 month high of $130.00. The stock’s 50 day moving average is $119.88 and its two-hundred day moving average is $111.66. The firm has a market cap of $803.18 million, a P/E ratio of 16.53, a PEG ratio of 1.12 and a beta of 1.35.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings data on Wednesday, February 28th. The business services provider reported $2.16 EPS for the quarter, beating the consensus estimate of $1.87 by $0.29. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. Barrett Business Services had a return on equity of 27.69% and a net margin of 4.73%. Equities research analysts forecast that Barrett Business Services will post 7.78 EPS for the current year.

Barrett Business Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 0.98%. Barrett Business Services’s payout ratio is 16.15%.

Hedge Funds Weigh In On Barrett Business Services

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in Barrett Business Services by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 53,936 shares of the business services provider’s stock valued at $4,867,000 after purchasing an additional 219 shares during the period. AJOVista LLC purchased a new stake in Barrett Business Services during the 4th quarter worth about $27,000. Bridge City Capital LLC increased its holdings in Barrett Business Services by 2.4% during the 1st quarter. Bridge City Capital LLC now owns 14,287 shares of the business services provider’s stock worth $1,810,000 after purchasing an additional 332 shares during the period. LSV Asset Management increased its holdings in Barrett Business Services by 1.4% during the 3rd quarter. LSV Asset Management now owns 28,373 shares of the business services provider’s stock worth $2,560,000 after purchasing an additional 399 shares during the period. Finally, Simplicity Solutions LLC increased its holdings in Barrett Business Services by 12.7% during the 3rd quarter. Simplicity Solutions LLC now owns 3,964 shares of the business services provider’s stock worth $358,000 after purchasing an additional 447 shares during the period. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Barrett Business Services Company Profile

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