On August 17, 2023, popular financial website StockNews.com released a report on Barrett Business Services (NASDAQ:BBSI), following their decision to initiate coverage on the business services provider. The analysts at StockNews.com have assigned a “buy” rating to the company’s stock.
As of Thursday, NASDAQ:BBSI shares opened at $95.07. Over the past year, Barrett Business Services has recorded a low of $75.94 and a high of $100.85. Currently, the company boasts a 50-day moving average of $89.92 and a two-hundred day moving average of $89.14. With regards to market capitalization, BBSI stands at an impressive $639.82 million.
Additionally, it is important to note that Barrett Business Services holds a favorable P/E ratio of 14.23 and a P/E/G ratio of 1.00, indicating its attractiveness in terms of valuation. Moreover, the company’s beta stands at 1.36—an indicator of its volatility compared to the broader market.
Barrett Business Services is known for providing business management solutions specifically tailored for small and mid-sized companies in the United States. The company has developed an integrated management platform that leverages knowledge-based practices from the management consulting industry along with tools sourced from the human resource outsourcing industry.
With this recent “buy” rating from StockNews.com’s analysts, investors may find this as an opportunity worth considering for potential investment in Barrett Business Services (NASDAQ:BBSI). As always, it is crucial for individuals to conduct thorough research and consider multiple factors before making any investment decisions.
Overall, Barrett Business Services exhibits promising prospects within its sector as it continues to offer comprehensive management solutions to smaller-scale enterprises in America’s corporate landscape.
Barrett Business Services, Inc.
Updated on: 07/12/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
2:00 PM (UTC)
Date:04 December, 2023
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Barrett Business Services Positioned for Growth and Success with Strong Analyst Rating and Institutional Investor Support
Barrett Business Services, Inc., a prominent provider of business management solutions for small and mid-sized companies in the United States, has recently received an “outperform” rating from Barrington Research. In addition to this, the research company has set a price target of $104.00 on shares of Barrett Business Services.
The management platform developed by Barrett Business Services integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. This unique combination allows the company to provide comprehensive and effective solutions to its clients.
In other news, Director Thomas J. Carley recently sold 1,359 shares of Barrett Business Services’ stock in a transaction that took place on July 7th. The shares were sold at an average price of $86.01, resulting in a total value of $116,887.59. Following this transaction, Carley now owns 22,907 shares of the company’s stock, valued at approximately $1,970,231.07.
This sale was disclosed in a document filed with the Securities & Exchange Commission (SEC), which can be accessed through the provided hyperlink. It is worth noting that 3.20% of the stock is owned by insiders within the company.
Several institutional investors and hedge funds have also made adjustments to their positions in Barrett Business Services recently.
HRT Financial LP acquired a new position in shares of Barrett Business Services during the fourth quarter, amounting to approximately $858,000. Similarly, MQS Management LLC purchased a new position in Barrett Business Services during the first quarter at an estimated value of around $275,000.
EagleClaw Capital Management LLC significantly increased its position in Barrett Business Services by 113.8% during the fourth quarter. The firm now holds 8,550 shares valued at $590,000 after acquiring an additional 4,550 shares.
GW&K Investment Management LLC also entered into a new stake in Barrett Business Services during the first quarter, investing approximately $8,372,000. Finally, Globeflex Capital L P acquired a new stake in Barrett Business Services during the fourth quarter with an estimated value of around $131,000.
These institutional investors now collectively hold 83.30% of the company’s stock, showcasing their confidence in Barrett Business Services’ potential for growth and success.
With its innovative management platform and impressive support from both analysts and major institutional investors, Barrett Business Services is well-positioned to continue its expansion and deliver exceptional business management solutions to clients across the United States. Investors and industry experts will be keenly watching as the company develops further strategies for sustainable growth in the future.
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