Barrett Business Services (NASDAQ:BBSI) EVP James Potts Sells 3,490 Shares

Barrett Business Services, Inc. (NASDAQ:BBSIGet Free Report) EVP James Potts sold 3,490 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $38.00, for a total value of $132,620.00. Following the completion of the transaction, the executive vice president directly owned 32,035 shares in the company, valued at $1,217,330. The trade was a 9.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Barrett Business Services Trading Up 1.2%

NASDAQ:BBSI opened at $38.05 on Wednesday. The stock has a market cap of $934.51 million, a P/E ratio of 24.71, a PEG ratio of 1.25 and a beta of 0.95. The stock has a 50 day simple moving average of $32.75 and a 200 day simple moving average of $32.79. Barrett Business Services, Inc. has a 1-year low of $25.33 and a 1-year high of $49.65.

Barrett Business Services (NASDAQ:BBSIGet Free Report) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.02. The business had revenue of $307.00 million during the quarter, compared to the consensus estimate of $306.68 million. Barrett Business Services had a return on equity of 22.89% and a net margin of 3.24%.The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) EPS. As a group, sell-side analysts forecast that Barrett Business Services, Inc. will post 1.88 EPS for the current year.

Barrett Business Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, May 22nd. Barrett Business Services’s dividend payout ratio (DPR) is currently 20.78%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BBSI. Zacks Research upgraded shares of Barrett Business Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Weiss Ratings raised Barrett Business Services from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, June 8th. Barrington Research restated an “outperform” rating and issued a $41.00 price target on shares of Barrett Business Services in a research report on Monday, April 27th. Finally, Wall Street Zen raised Barrett Business Services from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.50.

View Our Latest Research Report on BBSI

Institutional Investors Weigh In On Barrett Business Services

Several hedge funds and other institutional investors have recently modified their holdings of BBSI. Mawer Investment Management Ltd. grew its stake in shares of Barrett Business Services by 0.7% in the 4th quarter. Mawer Investment Management Ltd. now owns 1,964,053 shares of the business services provider’s stock worth $71,118,000 after acquiring an additional 13,331 shares in the last quarter. Private Capital Management LLC boosted its holdings in Barrett Business Services by 1.2% during the fourth quarter. Private Capital Management LLC now owns 999,371 shares of the business services provider’s stock worth $36,187,000 after purchasing an additional 12,117 shares during the last quarter. Royce & Associates LP boosted its holdings in Barrett Business Services by 31.6% during the fourth quarter. Royce & Associates LP now owns 870,863 shares of the business services provider’s stock worth $31,534,000 after purchasing an additional 208,865 shares during the last quarter. Wellington Management Group LLP grew its position in Barrett Business Services by 15.3% in the 4th quarter. Wellington Management Group LLP now owns 821,560 shares of the business services provider’s stock worth $29,749,000 after purchasing an additional 109,069 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Barrett Business Services by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 661,181 shares of the business services provider’s stock worth $19,295,000 after purchasing an additional 25,221 shares in the last quarter. Institutional investors own 86.76% of the company’s stock.

Barrett Business Services Company Profile

(Get Free Report)

Barrett Business Services, Inc (NASDAQ: BBSI) is a professional employer organization (PEO) headquartered in Northridge, California. Founded in 1971 by Barrett K. Levesque, the company provides comprehensive human resources outsourcing solutions to small and mid-sized businesses. Through its consultative model, Barrett Business Services helps clients streamline administrative processes, mitigate regulatory risk and focus on core operations.

The company’s core offerings include payroll administration, employee benefits management, workers’ compensation and risk management services.

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Insider Buying and Selling by Quarter for Barrett Business Services (NASDAQ:BBSI)

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