Barrett Business Services (NASDAQ:BBSI) Stock Rating Upgraded by StockNews.com

Barrett Business Services (NASDAQ:BBSI - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Friday.

Other research analysts have also recently issued reports about the stock. Barrington Research restated an "outperform" rating and set a $45.00 price target on shares of Barrett Business Services in a report on Wednesday, December 11th. Roth Mkm raised their price objective on shares of Barrett Business Services from $43.00 to $45.00 and gave the stock a "buy" rating in a report on Thursday, November 7th.

Barrett Business Services Stock Down 2.0 %

BBSI stock traded down $0.78 during midday trading on Friday, reaching $39.11. 168,010 shares of the company's stock traded hands, compared to its average volume of 129,618. Barrett Business Services has a 52 week low of $28.42 and a 52 week high of $44.97. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 1.21 and a beta of 1.31. The firm's fifty day moving average price is $42.21 and its 200-day moving average price is $40.22.

Institutional Trading of Barrett Business Services

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mawer Investment Management Ltd. grew its stake in Barrett Business Services by 15.1% in the 4th quarter. Mawer Investment Management Ltd. now owns 2,110,550 shares of the business services provider's stock valued at $91,682,000 after buying an additional 276,098 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Barrett Business Services by 272.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,631,644 shares of the business services provider's stock valued at $70,879,000 after purchasing an additional 1,193,839 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Barrett Business Services by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider's stock valued at $26,471,000 after purchasing an additional 32,632 shares during the period. JPMorgan Chase & Co. lifted its holdings in Barrett Business Services by 19.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider's stock worth $20,500,000 after purchasing an additional 88,350 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Barrett Business Services by 4.2% in the 4th quarter. Northern Trust Corp now owns 393,267 shares of the business services provider's stock worth $17,084,000 after purchasing an additional 15,900 shares during the period. Institutional investors own 86.76% of the company's stock.

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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.