Sidoti initiated coverage on shares of Barrett Business Services (NASDAQ:BBSI) in a research report sent to investors on Tuesday, Marketbeat.com reports. The brokerage issued a buy rating and a $95.00 price objective on the business services provider’s stock.

BBSI has been the subject of a number of other research reports. BidaskClub raised shares of Barrett Business Services from a hold rating to a buy rating in a research note on Saturday, June 23rd. Zacks Investment Research downgraded shares of Barrett Business Services from a hold rating to a sell rating in a research note on Friday, August 10th. Finally, ValuEngine downgraded shares of Barrett Business Services from a buy rating to a hold rating in a research note on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $97.50.

Shares of NASDAQ BBSI opened at $61.99 on Tuesday. Barrett Business Services has a twelve month low of $56.10 and a twelve month high of $98.76. The firm has a market cap of $491.50 million, a P/E ratio of 18.62 and a beta of 0.66. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.05.

Barrett Business Services (NASDAQ:BBSI) last announced its earnings results on Tuesday, August 7th. The business services provider reported $1.46 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.26). Barrett Business Services had a return on equity of 33.22% and a net margin of 2.91%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.42 billion. On average, research analysts predict that Barrett Business Services will post 4.27 EPS for the current fiscal year.

In other Barrett Business Services news, Director Anthony Meeker sold 1,000 shares of Barrett Business Services stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $66.88, for a total value of $66,880.00. Following the completion of the sale, the director now directly owns 11,894 shares of the company’s stock, valued at $795,470.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 6.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Barrett Business Services by 9.4% in the second quarter. BlackRock Inc. now owns 476,832 shares of the business services provider’s stock valued at $46,047,000 after purchasing an additional 40,940 shares in the last quarter. Renaissance Technologies LLC increased its stake in Barrett Business Services by 10.0% in the second quarter. Renaissance Technologies LLC now owns 406,500 shares of the business services provider’s stock valued at $39,256,000 after purchasing an additional 36,800 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Barrett Business Services by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 280,879 shares of the business services provider’s stock valued at $27,124,000 after purchasing an additional 5,123 shares in the last quarter. Northern Trust Corp increased its stake in Barrett Business Services by 2.3% in the second 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 in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Barrett Business Services by 34.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 107,840 shares of the business services provider’s stock valued at $10,415,000 after purchasing an additional 27,842 shares in the last quarter. 81.19% of the stock is owned by hedge funds and other institutional investors.

About Barrett Business Services

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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