Barrett Business Services, Inc. (NASDAQ:BBSI) Stock Has Consensus Price Target of $41.00

Shares of Barrett Business Services, Inc. (NASDAQ:BBSI) have earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $41.00.

Several equities analysts have recently weighed in on BBSI shares. Citigroup reaffirmed an “outperform” rating on shares of Barrett Business Services in a research note on Thursday, August 6th. Barrington Research set a $44.00 price objective on shares of Barrett Business Services in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Barrett Business Services from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, July 13th. Roth Capital cut shares of Barrett Business Services from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $42.00 to $38.00 in a report on Thursday, August 6th. Finally, Zacks Research downgraded shares of Barrett Business Services from a “hold” rating to a “strong sell” rating in a research report on Friday, August 7th.

Insider Transactions at Barrett Business Services

In related news, EVP James R. Potts sold 3,490 shares of Barrett Business Services stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $38.00, for a total value of $132,620.00. Following the sale, the executive vice president owned 32,035 shares of the company’s stock, valued at approximately $1,217,330. The trade was a 9.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony Meeker sold 12,000 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $37.85, for a total value of $454,200.00. Following the sale, the director owned 44,945 shares in the company, valued at $1,701,168.25. The trade was a 21.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 20,779 shares of company stock valued at $786,233. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BBSI. Waverly Advisors LLC raised its stake in shares of Barrett Business Services by 0.6% during the 2nd quarter. Waverly Advisors LLC now owns 60,543 shares of the business services provider’s stock worth $2,150,000 after purchasing an additional 350 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Barrett Business Services in the second quarter valued at $26,000. GAMMA Investing LLC grew its stake in shares of Barrett Business Services by 131.0% in the second quarter. GAMMA Investing LLC now owns 2,206 shares of the business services provider’s stock valued at $78,000 after buying an additional 1,251 shares in the last quarter. Bard Associates Inc. bought a new position in shares of Barrett Business Services in the fourth quarter valued at $50,000. Finally, Bank of New York Mellon Corp increased its holdings in Barrett Business Services by 1.0% during the first quarter. Bank of New York Mellon Corp now owns 170,695 shares of the business services provider’s stock worth $4,981,000 after buying an additional 1,719 shares during the last quarter. 86.76% of the stock is currently owned by institutional investors.

Barrett Business Services Price Performance

BBSI stock opened at $31.14 on Friday. The stock has a market capitalization of $754.83 million, a P/E ratio of 22.90, a P/E/G ratio of 1.18 and a beta of 0.92. The business has a 50-day moving average of $34.89 and a 200-day moving average of $32.90. Barrett Business Services has a fifty-two week low of $25.33 and a fifty-two week high of $45.53.

Barrett Business Services (NASDAQ:BBSI) last announced its earnings results on Wednesday, August 5th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.04). The firm had revenue of $319.27 million during the quarter, compared to analyst estimates of $321.55 million. Barrett Business Services had a net margin of 2.77% and a return on equity of 20.95%. Equities analysts expect that Barrett Business Services will post 1.68 EPS for the current year.

Barrett Business Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Friday, August 21st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a $0.32 annualized dividend and a yield of 1.0%. Barrett Business Services’s payout ratio is 23.53%.

Barrett Business Services Company Profile

Barrett Business Services, Inc (NASDAQ:BBSI) provides business management solutions for small and mid-sized companies in the United States. The company combines professional employer organization (PEO) services with staffing and recruiting capabilities, allowing clients to outsource or supplement key human resources and administrative functions.

Its services include payroll administration, employee benefits support, workers’ compensation management, human resources guidance, workplace safety and risk management, and regulatory compliance assistance.