Barrett Business Services (NASDAQ:BBSI) Stock Price Crosses Above 200-Day Moving Average of $111.17

Barrett Business Services, Inc. (NASDAQ:BBSI)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $111.17 and traded as high as $123.92. Barrett Business Services shares last traded at $122.35, with a volume of 20,961 shares trading hands.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and set a $141.00 price objective on shares of Barrett Business Services in a research report on Monday, April 1st.

Barrett Business Services Price Performance

The business has a 50-day moving average of $119.71 and a two-hundred day moving average of $111.31. The company has a market cap of $800.17 million, a P/E ratio of 16.47, a P/E/G ratio of 1.11 and a beta of 1.35.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings data on Wednesday, February 28th. The business services provider reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.29. Barrett Business Services had a return on equity of 27.69% and a net margin of 4.73%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.02 billion. Equities analysts anticipate that Barrett Business Services, Inc. will post 7.78 EPS for the current fiscal year.

Barrett Business Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.98%. The ex-dividend date was Thursday, March 14th. Barrett Business Services’s dividend payout ratio is presently 16.15%.

Institutional Investors Weigh In On Barrett Business Services

Several institutional investors have recently added to or reduced their stakes in BBSI. Private Capital Management LLC boosted its holdings in Barrett Business Services by 23.6% in the first quarter. Private Capital Management LLC now owns 324,113 shares of the business services provider’s stock worth $28,729,000 after acquiring an additional 61,820 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in Barrett Business Services in the first quarter worth about $3,085,000. FMR LLC boosted its holdings in Barrett Business Services by 19.0% in the first quarter. FMR LLC now owns 241,943 shares of the business services provider’s stock worth $21,446,000 after acquiring an additional 38,576 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Barrett Business Services by 46.9% in the first quarter. Wellington Management Group LLP now owns 119,400 shares of the business services provider’s stock worth $10,584,000 after acquiring an additional 38,100 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Barrett Business Services by 16.1% in the first quarter. Renaissance Technologies LLC now owns 252,800 shares of the business services provider’s stock worth $22,408,000 after acquiring an additional 35,000 shares in the last quarter. Institutional investors and hedge funds own 86.76% 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.