BidaskClub upgraded shares of Barrett Business Services (NASDAQ:BBSI) from a buy rating to a strong-buy rating in a report published on Tuesday, BidAskClub reports.

BBSI has been the subject of a number of other research reports. Roth Capital boosted their price objective on shares of Barrett Business Services from $110.00 to $130.00 and gave the company a buy rating in a research report on Thursday, August 8th. Zacks Investment Research raised shares of Barrett Business Services from a hold rating to a buy rating and set a $100.00 price objective for the company in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $108.33.

NASDAQ:BBSI opened at $86.15 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.17. Barrett Business Services has a 12 month low of $53.10 and a 12 month high of $91.92. The company has a market cap of $670.26 million, a PE ratio of 14.45 and a beta of 0.95. The company has a 50 day simple moving average of $85.60 and a two-hundred day simple moving average of $78.30.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings data on Tuesday, August 6th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.12. Barrett Business Services had a net margin of 5.09% and a return on equity of 39.94%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Research analysts forecast that Barrett Business Services will post 5.53 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.30 per share. This is an increase from Barrett Business Services’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.39%. Barrett Business Services’s payout ratio is presently 20.08%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBSI. Point72 Hong Kong Ltd purchased a new position in shares of Barrett Business Services during the 2nd quarter valued at $28,000. Bank of Montreal Can lifted its stake in shares of Barrett Business Services by 304.5% during the 2nd quarter. Bank of Montreal Can now owns 805 shares of the business services provider’s stock valued at $66,000 after buying an additional 606 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Barrett Business Services by 29.1% during the 4th quarter. Legal & General Group Plc now owns 1,349 shares of the business services provider’s stock valued at $77,000 after buying an additional 304 shares in the last quarter. TRUE Private Wealth Advisors purchased a new position in shares of Barrett Business Services during the 2nd quarter valued at $89,000. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of Barrett Business Services by 49,366.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,484 shares of the business services provider’s stock valued at $115,000 after buying an additional 1,481 shares in the last quarter. Institutional investors own 83.13% of the company’s stock.

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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