Barrett Business Services, Inc. (NASDAQ:BBSI) COO Gregory R. Vaughn sold 7,679 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $80.98, for a total transaction of $621,845.42. Following the transaction, the chief operating officer now owns 88,157 shares of the company’s stock, valued at $7,138,953.86. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
NASDAQ BBSI opened at $79.64 on Friday. Barrett Business Services, Inc. has a 52-week low of $53.10 and a 52-week high of $98.76. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.03. The firm has a market cap of $594.67 million, a PE ratio of 15.99 and a beta of 0.88.
Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings data on Tuesday, February 26th. The business services provider reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.64. Barrett Business Services had a net margin of 4.05% and a return on equity of 40.14%. On average, equities analysts expect that Barrett Business Services, Inc. will post 5.41 EPS for the current year.
BBSI has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Barrett Business Services from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a report on Friday, January 18th. BidaskClub raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a report on Wednesday, February 20th. Finally, Roth Capital lifted their price objective on shares of Barrett Business Services from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, February 28th. One analyst has rated the stock with a sell rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $98.67.
Hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its stake in Barrett Business Services by 25.8% in the fourth quarter. American Century Companies Inc. now owns 47,823 shares of the business services provider’s stock worth $2,738,000 after purchasing an additional 9,796 shares during the last quarter. FMR LLC lifted its stake in Barrett Business Services by 97.0% in the fourth quarter. FMR LLC now owns 152,531 shares of the business services provider’s stock worth $8,732,000 after purchasing an additional 75,117 shares during the last quarter. Legal & General Group Plc lifted its stake in Barrett Business Services by 29.1% in the fourth quarter. Legal & General Group Plc now owns 1,349 shares of the business services provider’s stock worth $77,000 after purchasing an additional 304 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in Barrett Business Services by 393.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,321 shares of the business services provider’s stock worth $133,000 after purchasing an additional 1,851 shares during the last quarter. Finally, Mackay Shields LLC bought a new stake in Barrett Business Services in the fourth quarter worth $1,634,000. 80.31% of the stock is owned by institutional investors.
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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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