Barrett Business Services (NASDAQ:BBSI) Cut to Buy at StockNews.com

Barrett Business Services (NASDAQ:BBSI) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.

Separately, Barrington Research reiterated an “outperform” rating and issued a $104.00 target price on shares of Barrett Business Services in a report on Thursday, August 3rd.

Barrett Business Services Stock Up 0.1 %

Shares of BBSI stock traded up $0.12 during mid-day trading on Monday, hitting $110.62. The stock had a trading volume of 32,299 shares, compared to its average volume of 42,120. Barrett Business Services has a 12-month low of $76.22 and a 12-month high of $111.59. The firm has a market capitalization of $732.30 million, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. The firm’s 50-day moving average is $94.85 and its two-hundred day moving average is $91.24. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.25 and a quick ratio of 1.25.

Insider Activity at Barrett Business Services

In related news, Director Anthony Meeker sold 1,359 shares of the company’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $95.83, for a total transaction of $130,232.97. Following the transaction, the director now directly owns 15,721 shares of the company’s stock, valued at approximately $1,506,543.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Barrett Business Services news, Director Joseph Stephen Clabby bought 290 shares of Barrett Business Services stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average cost of $103.05 per share, with a total value of $29,884.50. Following the transaction, the director now directly owns 1,277 shares of the company’s stock, valued at approximately $131,594.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony Meeker sold 1,359 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $95.83, for a total value of $130,232.97. Following the transaction, the director now directly owns 15,721 shares in the company, valued at $1,506,543.43. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Barrett Business Services by 5.1% in the first quarter. BlackRock Inc. now owns 564,551 shares of the business services provider’s stock valued at $43,735,000 after purchasing an additional 27,181 shares during the period. Private Capital Management LLC increased its holdings in shares of Barrett Business Services by 7.3% in the second quarter. Private Capital Management LLC now owns 347,666 shares of the business services provider’s stock valued at $30,316,000 after purchasing an additional 23,553 shares during the period. FMR LLC increased its holdings in shares of Barrett Business Services by 4.3% in the third quarter. FMR LLC now owns 315,370 shares of the business services provider’s stock valued at $28,459,000 after purchasing an additional 12,997 shares during the period. Royce & Associates LP increased its holdings in shares of Barrett Business Services by 9.3% in the second quarter. Royce & Associates LP now owns 258,112 shares of the business services provider’s stock valued at $22,507,000 after purchasing an additional 22,054 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Barrett Business Services by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 253,183 shares of the business services provider’s stock valued at $19,614,000 after purchasing an additional 4,364 shares during the period. 85.91% of the stock is owned by institutional investors and hedge funds.

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.