Barrett Business Services (NASDAQ:BBSI) Stock Rating Reaffirmed by Barrington Research

Barrett Business Services (NASDAQ:BBSI - Get Free Report)'s stock had its "outperform" rating reissued by analysts at Barrington Research in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $41.00 price objective on the business services provider's stock. Barrington Research's price target would indicate a potential upside of 10.19% from the stock's previous close.

Separately, Roth Mkm increased their price target on Barrett Business Services from $40.00 to $43.00 and gave the company a "buy" rating in a research report on Thursday, August 1st.

Barrett Business Services Stock Performance

Shares of Barrett Business Services stock traded up $0.52 on Tuesday, hitting $37.21. The company had a trading volume of 171,340 shares, compared to its average volume of 135,465. The stock has a market capitalization of $973.67 million, a price-to-earnings ratio of 20.45, a P/E/G ratio of 1.24 and a beta of 1.38. Barrett Business Services has a 1 year low of $21.95 and a 1 year high of $38.07. The stock has a 50 day moving average of $36.47 and a 200-day moving average of $34.10.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.04. The company had revenue of $279.60 million during the quarter, compared to the consensus estimate of $273.13 million. Barrett Business Services had a return on equity of 25.69% and a net margin of 4.50%. Barrett Business Services's revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $0.62 earnings per share. Equities analysts anticipate that Barrett Business Services will post 1.99 earnings per share for the current year.

Insider Buying and Selling at Barrett Business Services

In other Barrett Business Services news, CEO Gary Kramer sold 34,288 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $35.05, for a total transaction of $1,201,794.40. Following the completion of the transaction, the chief executive officer now directly owns 242,543 shares of the company's stock, valued at approximately $8,501,132.15. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders sold 35,133 shares of company stock valued at $1,231,357. Company insiders own 3.70% of the company's stock.

Hedge Funds Weigh In On Barrett Business Services

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Barrett Business Services by 281.9% during the second quarter. Dimensional Fund Advisors LP now owns 867,708 shares of the business services provider's stock valued at $28,435,000 after buying an additional 640,508 shares during the period. Renaissance Technologies LLC boosted its stake in Barrett Business Services by 299.4% during the second quarter. Renaissance Technologies LLC now owns 798,500 shares of the business services provider's stock valued at $26,167,000 after buying an additional 598,567 shares during the period. Mawer Investment Management Ltd. bought a new stake in Barrett Business Services during the second quarter valued at $17,870,000. American Century Companies Inc. boosted its stake in Barrett Business Services by 155.9% during the second quarter. American Century Companies Inc. now owns 535,896 shares of the business services provider's stock valued at $17,561,000 after buying an additional 326,502 shares during the period. Finally, Pacific Ridge Capital Partners LLC boosted its stake in Barrett Business Services by 259.8% during the second quarter. Pacific Ridge Capital Partners LLC now owns 378,786 shares of the business services provider's stock valued at $12,413,000 after buying an additional 273,516 shares during the period. 86.76% of the stock is owned by institutional investors.

About Barrett Business Services

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.