Barrett Business Services (NASDAQ:BBSI) Stock Price Expected to Rise, Roth Mkm Analyst Says

Barrett Business Services (NASDAQ:BBSI) had its target price upped by equities research analysts at Roth Mkm from $43.00 to $45.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Roth Mkm’s target price points to a potential upside of 8.77% from the stock’s current price.

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $41.00 price target on shares of Barrett Business Services in a report on Tuesday, October 29th.

Barrett Business Services Stock Up 0.4 %

Shares of BBSI opened at $41.37 on Thursday. Barrett Business Services has a 52-week low of $25.58 and a 52-week high of $41.48. The stock has a market cap of $1.08 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 1.23 and a beta of 1.39. The firm’s fifty day moving average is $36.91 and its two-hundred day moving average is $34.54.

Insider Transactions at Barrett Business Services

In related news, CEO Gary Kramer sold 34,288 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $35.05, for a total transaction of $1,201,794.40. Following the transaction, the chief executive officer now owns 242,543 shares of the company’s stock, valued at approximately $8,501,132.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.70% of the company’s stock.

Institutional Trading of Barrett Business Services

A number of large investors have recently modified their holdings of BBSI. BNP Paribas Financial Markets lifted its stake in Barrett Business Services by 10.3% in the first quarter. BNP Paribas Financial Markets now owns 5,462 shares of the business services provider’s stock worth $692,000 after acquiring an additional 509 shares during the last quarter. LSV Asset Management grew its position in Barrett Business Services by 0.3% during the 1st quarter. LSV Asset Management now owns 30,072 shares of the business services provider’s stock worth $3,811,000 after purchasing an additional 100 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in Barrett Business Services by 8.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 42,470 shares of the business services provider’s stock valued at $5,382,000 after acquiring an additional 3,400 shares during the period. Quadrature Capital Ltd increased its holdings in shares of Barrett Business Services by 74.4% in the first quarter. Quadrature Capital Ltd now owns 10,435 shares of the business services provider’s stock valued at $1,318,000 after purchasing an additional 4,450 shares during the period. Finally, Lazard Asset Management LLC raised its position in Barrett Business Services by 64.4% during the 1st quarter. Lazard Asset Management LLC now owns 2,546 shares of the business services provider’s stock worth $322,000 after buying an additional 997 shares during the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

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.