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.
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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