Barrett Business Services, Inc. (NASDAQ:BBSI) was upgraded by equities research analysts at TheStreet from a “c” rating to a “b-” rating in a research note issued on Wednesday.

Separately, BidaskClub lowered Barrett Business Services from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd.

Barrett Business Services (BBSI) opened at 49.89 on Wednesday. The stock has a market cap of $361.90 million, a PE ratio of 20.09 and a beta of 1.34. Barrett Business Services has a 12 month low of $41.99 and a 12 month high of $66.93. The stock’s 50 day moving average price is $56.12 and its 200-day moving average price is $57.52.

Barrett Business Services (NASDAQ:BBSI) last posted its earnings results on Tuesday, August 8th. The business services provider reported $1.47 EPS for the quarter. The business had revenue of $1.30 billion during the quarter. Barrett Business Services had a return on equity of 34.17% and a net margin of 2.06%. Analysts anticipate that Barrett Business Services will post $3.43 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Barrett Business Services, Inc. (BBSI) Upgraded at TheStreet” was first posted by Watch List News and is the sole property of of Watch List News. If you are reading this story on another site, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be read at https://www.watchlistnews.com/barrett-business-services-inc-bbsi-upgraded-at-thestreet/1471688.html.

In related news, Director Anthony Meeker sold 1,000 shares of Barrett Business Services stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $58.11, for a total value of $58,110.00. Following the completion of the sale, the director now owns 11,473 shares of the company’s stock, valued at $666,696.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.00% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Barrett Business Services by 43.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 195,013 shares of the business services provider’s stock valued at $12,500,000 after buying an additional 59,516 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Barrett Business Services by 38.0% in the first quarter. Renaissance Technologies LLC now owns 201,685 shares of the business services provider’s stock valued at $11,016,000 after buying an additional 55,585 shares during the last quarter. AJO LP purchased a new stake in shares of Barrett Business Services during the second quarter valued at approximately $2,895,000. Prudential Financial Inc. raised its stake in shares of Barrett Business Services by 241.3% in the first quarter. Prudential Financial Inc. now owns 35,628 shares of the business services provider’s stock valued at $1,946,000 after buying an additional 25,190 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its stake in shares of Barrett Business Services by 30.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 101,393 shares of the business services provider’s stock valued at $5,538,000 after buying an additional 23,962 shares during the last quarter. 72.79% of the stock is owned by institutional investors.

About Barrett Business Services

Barrett Business Services, Inc (BBSI) is a provider of business management solutions for small and mid-sized companies. The Company has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.

Receive News & Ratings for Barrett Business Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barrett Business Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.