Barrett Business Services’ (BBSI) Outperform Rating Reiterated at Barrington Research

Barrington Research reiterated their outperform rating on shares of Barrett Business Services (NASDAQ:BBSI) in a report issued on Tuesday,Benzinga reports. Barrington Research currently has a $49.00 price objective on the business services provider’s stock.

Other analysts have also issued reports about the company. Wall Street Zen lowered Barrett Business Services from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Barrett Business Services in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Barrett Business Services presently has an average rating of “Buy” and a consensus target price of $47.00.

Barrett Business Services Stock Performance

BBSI opened at $40.30 on Tuesday. Barrett Business Services has a 1-year low of $36.18 and a 1-year high of $49.65. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 1.31 and a beta of 0.96. The company’s fifty day moving average price is $45.12 and its two-hundred day moving average price is $43.57. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.35.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings data on Wednesday, August 6th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. Barrett Business Services had a net margin of 4.49% and a return on equity of 24.59%. The firm had revenue of $307.70 million during the quarter, compared to analysts’ expectations of $299.95 million. During the same period last year, the company earned $0.62 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. On average, analysts expect that Barrett Business Services will post 2 EPS for the current fiscal year.

Barrett Business Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, August 22nd. Barrett Business Services’s dividend payout ratio (DPR) is presently 15.76%.

Insiders Place Their Bets

In other Barrett Business Services news, Director Anthony Meeker sold 3,064 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $46.78, for a total value of $143,333.92. Following the completion of the transaction, the director owned 54,601 shares in the company, valued at $2,554,234.78. This represents a 5.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Gerald Blotz sold 11,664 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $46.08, for a total value of $537,477.12. Following the sale, the chief operating officer directly owned 197,432 shares of the company’s stock, valued at approximately $9,097,666.56. This represents a 5.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 110,438 shares of company stock valued at $5,296,983. 4.10% of the stock is currently owned by insiders.

Institutional Trading of Barrett Business Services

Several hedge funds have recently added to or reduced their stakes in BBSI. Martingale Asset Management L P boosted its stake in Barrett Business Services by 0.6% in the first quarter. Martingale Asset Management L P now owns 38,213 shares of the business services provider’s stock valued at $1,572,000 after acquiring an additional 242 shares during the last quarter. CWC Advisors LLC. raised its holdings in shares of Barrett Business Services by 2.5% in the 2nd quarter. CWC Advisors LLC. now owns 11,021 shares of the business services provider’s stock worth $459,000 after purchasing an additional 268 shares during the period. Lakewood Asset Management LLC lifted its stake in Barrett Business Services by 2.9% in the second quarter. Lakewood Asset Management LLC now owns 10,912 shares of the business services provider’s stock valued at $455,000 after purchasing an additional 312 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in Barrett Business Services by 1.5% in the second quarter. SummerHaven Investment Management LLC now owns 24,182 shares of the business services provider’s stock valued at $1,008,000 after purchasing an additional 355 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Barrett Business Services by 26.4% during the first quarter. PNC Financial Services Group Inc. now owns 2,309 shares of the business services provider’s stock valued at $95,000 after purchasing an additional 482 shares during the period. 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.