Barrett Business Services (NASDAQ:BBSI) Stock Rating Lowered by StockNews.com

Barrett Business Services (NASDAQ:BBSI) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “hold” rating in a research report issued on Friday.

Separately, Barrington Research reissued an “outperform” rating and issued a $45.00 price objective on shares of Barrett Business Services in a research report on Tuesday, May 6th.

Barrett Business Services Trading Up 1.8%

Shares of Barrett Business Services stock opened at $42.35 on Friday. Barrett Business Services has a twelve month low of $30.68 and a twelve month high of $44.97. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 22.35, a price-to-earnings-growth ratio of 1.21 and a beta of 1.02. The company has a fifty day moving average price of $40.54 and a 200 day moving average price of $41.54.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.09. Barrett Business Services had a net margin of 4.55% and a return on equity of 25.28%. The company had revenue of $292.60 million during the quarter, compared to the consensus estimate of $285.91 million. During the same quarter last year, the company earned ($0.01) earnings per share. Barrett Business Services’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts forecast that Barrett Business Services will post 2 earnings per share for the current year.

Institutional Trading of Barrett Business Services

Several hedge funds and other institutional investors have recently bought and sold shares of BBSI. Martingale Asset Management L P boosted its position in shares of Barrett Business Services by 0.6% in the 1st quarter. Martingale Asset Management L P now owns 38,213 shares of the business services provider’s stock valued at $1,572,000 after purchasing an additional 242 shares during the period. Inceptionr LLC raised its holdings in Barrett Business Services by 3.9% during the 4th quarter. Inceptionr LLC now owns 6,939 shares of the business services provider’s stock worth $301,000 after buying an additional 262 shares during the period. Two Sigma Advisers LP lifted its stake in Barrett Business Services by 4.5% during the fourth quarter. Two Sigma Advisers LP now owns 6,900 shares of the business services provider’s stock valued at $300,000 after buying an additional 300 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in Barrett Business Services by 1.4% during the first quarter. SummerHaven Investment Management LLC now owns 23,827 shares of the business services provider’s stock valued at $980,000 after buying an additional 332 shares in the last quarter. Finally, Perkins Coie Trust Co boosted its holdings in shares of Barrett Business Services by 10.0% in the first quarter. Perkins Coie Trust Co now owns 4,400 shares of the business services provider’s stock worth $181,000 after buying an additional 400 shares during the period. 86.76% of the stock is owned by institutional investors.

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.