Barrett Business Services, Inc. (NASDAQ:BBSI – Get Rating) Director Anthony Meeker sold 1,821 shares of the company’s stock in a transaction dated Friday, September 16th. The stock was sold at an average price of $79.27, for a total transaction of $144,350.67. Following the completion of the transaction, the director now owns 15,721 shares in the company, valued at $1,246,203.67. The sale was disclosed in a filing with the SEC, which is available through this link.
Barrett Business Services Price Performance
BBSI stock opened at $79.07 on Friday. The company has a fifty day moving average price of $81.30 and a 200 day moving average price of $76.53. Barrett Business Services, Inc. has a 12 month low of $57.76 and a 12 month high of $86.82. The company has a market cap of $560.53 million, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 0.92 and a beta of 1.37.
Barrett Business Services (NASDAQ:BBSI – Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The business services provider reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.61. Barrett Business Services had a net margin of 4.33% and a return on equity of 22.59%. During the same quarter in the previous year, the firm posted $2.24 EPS. As a group, analysts anticipate that Barrett Business Services, Inc. will post 6.3 earnings per share for the current year.
Barrett Business Services Announces Dividend
Wall Street Analyst Weigh In
BBSI has been the topic of a number of recent research reports. TheStreet upgraded shares of Barrett Business Services from a “c+” rating to a “b” rating in a research note on Friday, August 19th. Sidoti reiterated a “buy” rating and issued a $97.00 target price on shares of Barrett Business Services in a research report on Tuesday, June 14th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $102.33.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors grew its position in shares of Barrett Business Services by 1.4% during the first quarter. Captrust Financial Advisors now owns 11,904 shares of the business services provider’s stock worth $926,000 after buying an additional 170 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Barrett Business Services by 26.9% in the first quarter. Lazard Asset Management LLC now owns 1,029 shares of the business services provider’s stock valued at $79,000 after buying an additional 218 shares during the last quarter. Legal & General Group Plc lifted its stake in Barrett Business Services by 8.3% in the second quarter. Legal & General Group Plc now owns 3,348 shares of the business services provider’s stock valued at $244,000 after buying an additional 256 shares during the last quarter. Dorsey Wright & Associates bought a new stake in Barrett Business Services in the second quarter valued at $36,000. Finally, Equitable Trust Co. lifted its stake in Barrett Business Services by 7.7% in the first quarter. Equitable Trust Co. now owns 7,580 shares of the business services provider’s stock valued at $587,000 after buying an additional 540 shares during the last quarter.
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.
- Get a free copy of the StockNews.com research report on Barrett Business Services (BBSI)
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