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 published on Thursday,Benzinga reports. Barrington Research currently has a $46.00 price objective on the business services provider’s stock.

Other equities analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. CJS Securities raised Barrett Business Services to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Barrett Business Services in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $46.00.

Barrett Business Services Stock Performance

Shares of Barrett Business Services stock opened at $32.29 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.31. Barrett Business Services has a 52 week low of $30.74 and a 52 week high of $49.65. The business has a 50 day moving average price of $36.46 and a 200-day moving average price of $40.18. The company has a market cap of $827.27 million, a PE ratio of 15.52, a price-to-earnings-growth ratio of 0.80 and a beta of 0.99.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BBSI. State of New Jersey Common Pension Fund D lifted its stake in shares of Barrett Business Services by 1.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 45,971 shares of the business services provider’s stock valued at $2,037,000 after purchasing an additional 477 shares during the period. Hsbc Holdings PLC grew its stake in Barrett Business Services by 2.9% in the second quarter. Hsbc Holdings PLC now owns 17,036 shares of the business services provider’s stock worth $709,000 after purchasing an additional 482 shares during the period. Swiss National Bank raised its holdings in Barrett Business Services by 1.0% in the third quarter. Swiss National Bank now owns 49,800 shares of the business services provider’s stock worth $2,207,000 after purchasing an additional 500 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Barrett Business Services by 63.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the business services provider’s stock valued at $53,000 after buying an additional 563 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Barrett Business Services by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,219 shares of the business services provider’s stock valued at $626,000 after buying an additional 633 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Barrett Business Services Company Profile

Barrett Business Services, Inc (NASDAQ: BBSI) is a professional employer organization (PEO) headquartered in Northridge, California. Founded in 1971 by Barrett K. Levesque, the company provides comprehensive human resources outsourcing solutions to small and mid-sized businesses. Through its consultative model, Barrett Business Services helps clients streamline administrative processes, mitigate regulatory risk and focus on core operations.

The company’s core offerings include payroll administration, employee benefits management, workers’ compensation and risk management services.