Barrett Business Services (NASDAQ:BBSI) Raised to “Buy” at StockNews.com

Barrett Business Services (NASDAQ:BBSI) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other equities research analysts have also issued reports on BBSI. Roth Mkm lifted their target price on Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Barrington Research reiterated an “outperform” rating and issued a $45.00 price objective on shares of Barrett Business Services in a report on Wednesday, December 11th.

Barrett Business Services Price Performance

Shares of Barrett Business Services stock opened at $39.89 on Friday. The company’s fifty day moving average price is $42.21 and its two-hundred day moving average price is $40.19. Barrett Business Services has a 52-week low of $28.42 and a 52-week high of $44.97. The firm has a market capitalization of $1.03 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 1.21 and a beta of 1.31.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BBSI. Truvestments Capital LLC acquired a new stake in shares of Barrett Business Services in the 3rd quarter valued at approximately $34,000. Westside Investment Management Inc. bought a new stake in Barrett Business Services during the third quarter worth $34,000. Prudent Man Investment Management Inc. acquired a new stake in Barrett Business Services in the fourth quarter valued at $35,000. Huntington National Bank bought a new position in shares of Barrett Business Services in the 3rd quarter valued at about $39,000. Finally, Quantbot Technologies LP acquired a new position in shares of Barrett Business Services during the 3rd quarter worth about $77,000. 86.76% of the stock is currently owned by institutional investors.

Barrett Business Services Company Profile

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.