Price Action to Note: Is Barrett Business Services, Inc.’s Fuel Running Low? The Stock Reaches 52-Week High Today

Price Action to Note: Is Barrett Business Services, Inc.'s Fuel Running Low? The Stock Reaches 52 Week High Today

The stock of Barrett Business Services, Inc. (NASDAQ:BBSI) hit a new 52-week high and has $162.25 target or 195.00% above today’s $55.00 share price. The 5 months bullish chart indicates low risk for the $413.66M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $162.25 price target is reached, the company will be worth $806.64 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 51,245 shares traded hands. Barrett Business Services, Inc. (NASDAQ:BBSI) has risen 84.47% since April 15, 2016 and is uptrending. It has outperformed by 79.84% the S&P500.

According to Zacks Investment Research, “BARRETT BUSINESS SERVICES INC. provides light industrial, clerical and technical employees to a wide range of businesses through staff leasing, contract staffing, site management and temporary staffing arrangements. The Company provides employees to a diverse set of customers, including among others, forest products and agriculture-based companies, electronics manufacturers, transportation and shipping enterprises, professional firms and general contractors.”

Insitutional Activity: The institutional sentiment decreased to 0.73 in Q2 2016. Its down 0.63, from 1.36 in 2016Q1. The ratio dropped, as 17 funds sold all Barrett Business Services, Inc. shares owned while 28 reduced positions. 10 funds bought stakes while 23 increased positions. They now own 4.65 million shares or 4.51% less from 4.87 million shares in 2016Q1.
State Board Of Administration Of Florida Retirement Sys last reported 0% of its portfolio in the stock. Credit Suisse Ag has 5,159 shares for 0% of their US portfolio. Ironwood Inv Mngmt Ltd Company reported 58,485 shares or 1.81% of all its holdings. Vanguard Inc last reported 0% of its portfolio in the stock. Moreover, Aqr Capital Management Ltd has 0.01% invested in Barrett Business Services, Inc. (NASDAQ:BBSI) for 72,987 shares. Morgan Stanley last reported 85,975 shares in the company. Metropolitan Life Insur Ny owns 5,519 shares or 0% of their US portfolio. Moors & Cabot Inc last reported 41,834 shares in the company. Massachusetts Communication Ma, a Massachusetts-based fund reported 15,132 shares. Pnc Fincl Group Inc Inc, a Pennsylvania-based fund reported 5,167 shares. The California-based Menta Capital Ltd Limited Liability Company has invested 0.05% in Barrett Business Services, Inc. (NASDAQ:BBSI). State Street Corporation last reported 128,650 shares in the company. Legal General Public Limited Co has invested 0% of its portfolio in Barrett Business Services, Inc. (NASDAQ:BBSI). Moreover, Nationwide Fund Advisors has 0% invested in Barrett Business Services, Inc. (NASDAQ:BBSI) for 4,697 shares. The Missouri-based Kennedy Cap Management has invested 0.17% in Barrett Business Services, Inc. (NASDAQ:BBSI).

More important recent Barrett Business Services, Inc. (NASDAQ:BBSI) news were published by: Nasdaq.com which released: “Barrett Business Services, Inc. (BBSI) Ex-Dividend Date Scheduled for November …” on November 17, 2016, also Thestreet.com published article titled: “Commit To Purchase Barrett Business Services At $40, Earn 16.9% Annualized …”, Insurancejournal.com published: “Investigation Launched into Workers’ Comp Services Provider BBSI” on November 10, 2015. More interesting news about Barrett Business Services, Inc. (NASDAQ:BBSI) was released by: Valuewalk.com and their article: “Barrett Business Services, Inc. (BBSI): A Tick-Tick-Ticking Time Bomb, Says …” with publication date: September 17, 2014.

BBSI Company Profile

Barrett Business Services, Inc. (BBSI), incorporated on July 1, 1965, is a well-known provider of business management solutions for small and mid-sized companies. The Firm has developed a management platform that integrates a knowledge approach from the management consulting industry with tools from the human resource outsourcing industry. BBSI’s core purpose is to advocate for business owners, particularly in the small and mid-sized business segment. The Firm offers two categories of services: Professional Employer Services (PEO) and Staffing. The Firm operates through a network of approximately 60 branch offices throughout California, Oregon, Washington, Arizona, Colorado, Idaho, Nevada, Utah, Delaware, Maryland, North Carolina and Virginia.

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