Barrett Business Services, Inc. (NASDAQ:BBSI – Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $101.89 and traded as high as $111.80. Barrett Business Services shares last traded at $111.80, with a volume of 19,894 shares trading hands.
Analyst Ratings Changes
A number of research analysts recently commented on BBSI shares. Barrington Research upped their price objective on Barrett Business Services from $115.00 to $141.00 and gave the company an “outperform” rating in a report on Wednesday, January 3rd. StockNews.com cut Barrett Business Services from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 20th.
Barrett Business Services Stock Performance
Hedge Funds Weigh In On Barrett Business Services
Hedge funds have recently made changes to their positions in the company. Panagora Asset Management Inc. boosted its holdings in Barrett Business Services by 48.1% in the 4th quarter. Panagora Asset Management Inc. now owns 7,579 shares of the business services provider’s stock valued at $878,000 after purchasing an additional 2,463 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Barrett Business Services during the 4th quarter worth approximately $563,000. Principal Financial Group Inc. raised its holdings in Barrett Business Services by 28.4% in the 4th quarter. Principal Financial Group Inc. now owns 3,961 shares of the business services provider’s stock valued at $459,000 after acquiring an additional 875 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Barrett Business Services by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 84,945 shares of the business services provider’s stock valued at $9,837,000 after acquiring an additional 1,252 shares during the last quarter. Finally, AJOVista LLC purchased a new stake in shares of Barrett Business Services during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 85.91% of the company’s stock.
About Barrett Business Services
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.
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