Barrett Business Services (NASDAQ:BBSI - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "hold" rating in a research report issued on Friday.
Separately, Barrington Research reissued an "outperform" rating and set a $45.00 price target on shares of Barrett Business Services in a report on Tuesday, May 6th.
Check Out Our Latest Stock Report on BBSI
Barrett Business Services Stock Performance
Shares of NASDAQ:BBSI traded down $0.84 during midday trading on Friday, reaching $41.60. 96,672 shares of the company's stock were exchanged, compared to its average volume of 142,216. The company's 50 day simple moving average is $40.74 and its two-hundred day simple moving average is $41.70. The firm has a market capitalization of $1.07 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 1.21 and a beta of 1.02. Barrett Business Services has a 12 month low of $30.96 and a 12 month high of $44.97.
Barrett Business Services (NASDAQ:BBSI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.09. The company had revenue of $292.60 million during the quarter, compared to the consensus estimate of $285.91 million. Barrett Business Services had a net margin of 4.55% and a return on equity of 25.28%. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) EPS. On average, research analysts anticipate that Barrett Business Services will post 2 earnings per share for the current year.
Hedge Funds Weigh In On Barrett Business Services
A number of institutional investors have recently modified their holdings of BBSI. Private Trust Co. NA bought a new position in shares of Barrett Business Services in the first quarter worth about $33,000. Prudent Man Investment Management Inc. acquired a new stake in shares of Barrett Business Services during the 4th quarter worth approximately $35,000. Quantbot Technologies LP acquired a new stake in shares of Barrett Business Services during the 1st quarter worth approximately $75,000. PNC Financial Services Group Inc. grew its position in shares of Barrett Business Services by 26.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,309 shares of the business services provider's stock worth $95,000 after buying an additional 482 shares during the period. Finally, Virtus Advisers LLC acquired a new stake in shares of Barrett Business Services during the 1st quarter worth approximately $163,000. 86.76% of the stock is owned by institutional investors.
About Barrett Business Services
(
Get Free Report)
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.
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