Barrett Business Services (NASDAQ:BBSI) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.
Other analysts have also issued research reports about the company. Zacks Investment Research raised Barrett Business Services from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a report on Friday, January 11th. ValuEngine raised Barrett Business Services from a “hold” rating to a “buy” rating in a research note on Monday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Barrett Business Services currently has a consensus rating of “Hold” and a consensus target price of $88.33.
Shares of NASDAQ:BBSI opened at $67.57 on Thursday. Barrett Business Services has a 1-year low of $53.10 and a 1-year high of $98.76. The company has a market cap of $488.70 million, a PE ratio of 20.29 and a beta of 0.71. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04.
A number of institutional investors and hedge funds have recently modified their holdings of BBSI. Northern Trust Corp raised its position in Barrett Business Services by 2.3% in the 2nd quarter. Northern Trust Corp now owns 175,632 shares of the business services provider’s stock valued at $16,960,000 after purchasing an additional 3,980 shares during the last quarter. Foundry Partners LLC bought a new position in Barrett Business Services in the 3rd quarter valued at $5,185,000. Strs Ohio raised its position in Barrett Business Services by 15.3% in the 3rd quarter. Strs Ohio now owns 11,300 shares of the business services provider’s stock valued at $754,000 after purchasing an additional 1,500 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Barrett Business Services in the 3rd quarter valued at $4,562,000. Finally, Acadian Asset Management LLC raised its position in Barrett Business Services by 67.2% in the 3rd quarter. Acadian Asset Management LLC now owns 16,282 shares of the business services provider’s stock valued at $1,089,000 after purchasing an additional 6,543 shares during the last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.
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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