Barrett Business Services (NASDAQ:BBSI) Stock Passes Above 200-Day Moving Average of $111.17

Shares of Barrett Business Services, Inc. (NASDAQ:BBSI) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $111.17 and traded as high as $123.92. Barrett Business Services shares last traded at $122.35, with a volume of 20,961 shares trading hands.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an “outperform” rating and issued a $141.00 price objective on shares of Barrett Business Services in a report on Monday, April 1st.

Barrett Business Services Trading Up 0.8 %

The business has a fifty day simple moving average of $119.71 and a two-hundred day simple moving average of $111.17. The company has a market cap of $799.68 million, a PE ratio of 16.47, a price-to-earnings-growth ratio of 1.11 and a beta of 1.35.

Barrett Business Services (NASDAQ:BBSI) last announced its quarterly earnings data on Wednesday, February 28th. The business services provider reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.29. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.02 billion. Barrett Business Services had a return on equity of 27.69% and a net margin of 4.73%. Equities analysts expect that Barrett Business Services, Inc. will post 7.78 EPS for the current year.

Barrett Business Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Thursday, March 14th. Barrett Business Services’s dividend payout ratio (DPR) is presently 16.15%.

Institutional Trading of Barrett Business Services

Hedge funds and other institutional investors have recently modified their holdings of the stock. AJOVista LLC acquired a new stake in shares of Barrett Business Services in the 4th quarter worth $27,000. Tower Research Capital LLC TRC increased its stake in shares of Barrett Business Services by 80.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 306 shares of the business services provider’s stock worth $27,000 after acquiring an additional 136 shares during the last quarter. Ramirez Asset Management Inc. acquired a new stake in shares of Barrett Business Services in the 3rd quarter worth $45,000. Comerica Bank acquired a new stake in shares of Barrett Business Services in the 3rd quarter worth $45,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Barrett Business Services by 4,307.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 617 shares of the business services provider’s stock worth $49,000 after acquiring an additional 603 shares during the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

About Barrett Business Services

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.