Barrett Business Services Inc Sentiment Improves on Better Stock Potential

Sentiment for Barrett Business Services Inc (NASDAQ:BBSI)

Barrett Business Services Inc (NASDAQ:BBSI) institutional sentiment increased to 1.88 in Q1 2019. Its up 0.70, from 1.18 in 2018Q4. The ratio increased, as 64 investment professionals opened new or increased positions, while 34 sold and decreased stakes in Barrett Business Services Inc. The investment professionals in our partner’s database now possess: 5.66 million shares, up from 5.47 million shares in 2018Q4. Also, the number of investment professionals holding Barrett Business Services Inc in their top 10 positions decreased from 4 to 3 for a decrease of 1. Sold All: 7 Reduced: 27 Increased: 43 New Position: 21.

Barrett Business Services, Inc. provides business management solutions for small and medium-sized companies in the United States. The company has market cap of $675.57 million. The firm has management platform that integrates a knowledge approach from the management consulting industry with tools from the human resource outsourcing industry. It has a 14.57 P/E ratio. It offers professional employer services, under which it enters into a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workersÂ’ compensation coverage, and certain other administration functions for the clientÂ’s existing workforce.

The stock increased 1.50% or $1.34 during the last trading session, reaching $90.44. About 59,732 shares traded or 40.08% up from the average. Barrett Business Services, Inc. (NASDAQ:BBSI) has declined 3.58% since August 13, 2018 and is downtrending. It has underperformed by 3.58% the S&P500.

Tieton Capital Management Llc holds 4.79% of its portfolio in Barrett Business Services, Inc. for 69,617 shares. Ironwood Investment Management Llc owns 60,269 shares or 3.78% of their US portfolio. Moreover, Pacific Ridge Capital Partners Llc has 2.64% invested in the company for 127,142 shares. The Wisconsin-based Heartland Advisors Inc has invested 0.94% in the stock. Penbrook Management Llc, a New York-based fund reported 6,600 shares.

Barrett Business Services, Inc. (NASDAQ:BBSI) Ratings Coverage

Ratings analysis reveals 100% of Barrett Business Services’s analysts are positive. Out of 2 Wall Street analysts rating Barrett Business Services, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $101 while the high is $109. The stock’s average target of $105 is 16.10% above today’s ($90.44) share price. BBSI was included in 5 notes of analysts from February 24, 2019. The firm earned “Buy” rating on Thursday, February 28 by Roth Capital. The company was maintained on Wednesday, February 27 by Sidoti.

More notable recent Barrett Business Services, Inc. (NASDAQ:BBSI) news were published by: Nasdaq.com which released: “Barrett Business Services (BBSI) Jumps: Stock Rises 7.1% – Nasdaq” on June 19, 2019, also Seekingalpha.com with their article: “Barrett Business Services, Inc. (BBSI) CEO Michael Elich on Q2 2019 Results – Earnings Call Transcript – Seeking Alpha” published on August 08, 2019, Nasdaq.com published: “Are Investors Undervaluing Barrett Business Services (BBSI) Right Now? – Nasdaq” on August 09, 2019. More interesting news about Barrett Business Services, Inc. (NASDAQ:BBSI) were released by: Nasdaq.com and their article: “What Awaits Barrett Business Services (BBSI) in Q2 Earnings? – Nasdaq” published on August 05, 2019 as well as Nasdaq.com‘s news article titled: “New Strong Buy Stocks for April 23rd – Nasdaq” with publication date: April 23, 2019.

Barrett Business Services, Inc. (NASDAQ:BBSI) Institutional Positions Chart

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