Jon L. Justesen Sells 5,000 Shares of Barrett Business Services, Inc. (BBSI) Stock

Barrett Business Services, Inc. (NASDAQ:BBSI) Director Jon L. Justesen sold 5,000 shares of Barrett Business Services stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $58.18, for a total transaction of $290,900.00. Following the sale, the director now owns 10,236 shares in the company, valued at approximately $595,530.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ:BBSI opened at $59.35 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $431.13 million, a P/E ratio of 14.28 and a beta of 0.76. Barrett Business Services, Inc. has a 12-month low of $53.10 and a 12-month high of $98.76.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings results on Tuesday, November 6th. The business services provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.29. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.46 billion. Barrett Business Services had a net margin of 3.34% and a return on equity of 36.31%. Equities research analysts predict that Barrett Business Services, Inc. will post 4.51 earnings per share for the current year.



Several large investors have recently modified their holdings of BBSI. JPMorgan Chase & Co. increased its stake in Barrett Business Services by 1.2% during the third quarter. JPMorgan Chase & Co. now owns 554,715 shares of the business services provider’s stock valued at $37,043,000 after purchasing an additional 6,510 shares during the last quarter. BlackRock Inc. increased its stake in Barrett Business Services by 1.5% during the third quarter. BlackRock Inc. now owns 483,833 shares of the business services provider’s stock valued at $32,311,000 after purchasing an additional 7,001 shares during the last quarter. Renaissance Technologies LLC increased its stake in Barrett Business Services by 1.5% during the third quarter. Renaissance Technologies LLC now owns 412,500 shares of the business services provider’s stock valued at $27,547,000 after purchasing an additional 6,000 shares during the last quarter. Vanguard Group Inc. increased its stake in Barrett Business Services by 1.1% during the third quarter. Vanguard Group Inc. now owns 402,837 shares of the business services provider’s stock valued at $26,901,000 after purchasing an additional 4,490 shares during the last quarter. Finally, Vanguard Group Inc increased its stake in Barrett Business Services by 1.1% during the third quarter. Vanguard Group Inc now owns 402,837 shares of the business services provider’s stock valued at $26,901,000 after purchasing an additional 4,490 shares during the last quarter. Institutional investors and hedge funds own 81.03% of the company’s stock.

A number of research firms have recently issued reports on BBSI. BidaskClub lowered shares of Barrett Business Services from a “hold” rating to a “sell” rating in a research note on Saturday, September 15th. ValuEngine lowered shares of Barrett Business Services from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Zacks Investment Research upgraded shares of Barrett Business Services from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, Sidoti started coverage on shares of Barrett Business Services in a research note on Tuesday, October 9th. They issued a “buy” rating and a $95.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $97.50.

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Barrett Business Services Company Profile

Barrett Business Services, Inc provides business management solutions for small and medium-sized companies in the United States. The company has management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.

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