Barrett Business Services (NASDAQ:BBSI) Earns “Outperform” Rating from Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Barrett Business Services (NASDAQ:BBSI) in a report published on Monday morning, Benzinga reports. They currently have a $141.00 price objective on the business services provider’s stock.

Barrett Business Services Stock Up 0.4 %

Shares of Barrett Business Services stock opened at $122.81 on Monday. The firm has a market cap of $803.18 million, a P/E ratio of 16.53, a P/E/G ratio of 1.12 and a beta of 1.35. Barrett Business Services has a fifty-two week low of $76.22 and a fifty-two week high of $130.00. The business has a 50-day moving average price of $119.88 and a 200 day moving average price of $111.66.

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 the consensus estimate of $1.87 by $0.29. The firm had revenue of $2.05 billion during 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%. As a group, equities research analysts anticipate that Barrett Business Services will post 7.78 earnings per share for the current year.

Barrett Business Services Announces Dividend

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

Hedge Funds Weigh In On Barrett Business Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. AJOVista LLC acquired a new position in shares of Barrett Business Services during the fourth quarter worth approximately $27,000. Ramirez Asset Management Inc. acquired a new position in shares of Barrett Business Services during the third quarter worth approximately $45,000. CWM LLC boosted its position in shares of Barrett Business Services by 120,000.0% during the fourth quarter. CWM LLC now owns 1,201 shares of the business services provider’s stock worth $139,000 after buying an additional 1,200 shares during the period. Gladius Capital Management LP lifted its position in Barrett Business Services by 82.2% in the third quarter. Gladius Capital Management LP now owns 1,971 shares of the business services provider’s stock worth $178,000 after purchasing an additional 889 shares during the period. Finally, Arizona State Retirement System acquired a new stake in Barrett Business Services in the fourth quarter worth approximately $218,000. 86.76% of the stock is currently 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.