Barrett Business Services, Inc. (NASDAQ:BBSI) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokers have set a 12 month consensus price target of $130.00 for the company and are predicting that the company will post $1.36 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Barrett Business Services an industry rank of 169 out of 255 based on the ratings given to its competitors.
A number of research analysts have commented on the stock. ValuEngine cut shares of Barrett Business Services from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. BidaskClub cut shares of Barrett Business Services from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Investment Research upgraded shares of Barrett Business Services from a “hold” rating to a “strong-buy” rating and set a $109.00 price target for the company in a research report on Friday, November 8th.
Large investors have recently modified their holdings of the business. FMR LLC boosted its stake in shares of Barrett Business Services by 13.7% in the first quarter. FMR LLC now owns 173,432 shares of the business services provider’s stock valued at $13,411,000 after purchasing an additional 20,901 shares during the period. Bowling Portfolio Management LLC purchased a new position in Barrett Business Services in the second quarter worth approximately $1,064,000. Aperio Group LLC purchased a new position in Barrett Business Services in the second quarter worth approximately $156,000. TRUE Private Wealth Advisors purchased a new position in Barrett Business Services in the second quarter worth approximately $89,000. Finally, Envestnet Asset Management Inc. grew its holdings in Barrett Business Services by 5.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,770 shares of the business services provider’s stock worth $229,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 82.07% of the company’s stock.
NASDAQ:BBSI traded up $0.52 on Monday, reaching $85.80. The company’s stock had a trading volume of 79,039 shares, compared to its average volume of 40,972. Barrett Business Services has a 12-month low of $53.10 and a 12-month high of $95.64. The stock has a 50 day moving average price of $88.90 and a 200 day moving average price of $85.43. The firm has a market cap of $642.99 million, a price-to-earnings ratio of 17.23 and a beta of 0.94. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.14.
Barrett Business Services (NASDAQ:BBSI) last released its quarterly earnings results on Tuesday, November 5th. The business services provider reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.94. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Barrett Business Services had a return on equity of 39.84% and a net margin of 5.72%. Equities research analysts expect that Barrett Business Services will post 6.07 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a $0.30 dividend. The ex-dividend date was Thursday, November 21st. This represents a $1.20 annualized dividend and a yield of 1.40%. Barrett Business Services’s dividend payout ratio (DPR) is presently 24.10%.
About Barrett Business Services
Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. It develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. The company offers professional employer services under which it enters into a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workers' compensation coverage, and other administration functions for the client's existing workforce.
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