Today’s Stock On Watch: Will Barrett Business Services, Inc. Run Out of Steam Soon?

Today's Stock On Watch: Will Barrett Business Services, Inc. Run Out of Steam Soon?

The stock of Barrett Business Services, Inc. (NASDAQ:BBSI) hit a new 52-week high and has $60.87 target or 5.00% above today’s $57.97 share price. The 5 months bullish chart indicates low risk for the $426.51 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $60.87 price target is reached, the company will be worth $21.33 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 43,241 shares traded hands. Barrett Business Services, Inc. (NASDAQ:BBSI) has risen 85.71% since April 25, 2016 and is uptrending. It has outperformed by 79.69% the S&P500.

Analysts await Barrett Business Services, Inc. (NASDAQ:BBSI) to report earnings on May, 25.

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 increased to 1.74 in 2016 Q2. Its up 1.01, from 0.73 in 2016Q1. The ratio improved, 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.
Ironwood Invest Management Lc accumulated 58,485 shares or 1.81% of the stock. Trexquant Inv L P accumulated 15,050 shares or 0.08% of the stock. Moreover, Globeflex Capital Lp has 0.14% invested in Barrett Business Services, Inc. (NASDAQ:BBSI) for 11,926 shares. Moreover, California State Teachers Retirement System has 0% invested in Barrett Business Services, Inc. (NASDAQ:BBSI) for 14,800 shares. Menta Cap Limited Liability Company reported 8,000 shares or 0.05% of all its holdings. Manufacturers Life The has invested 0% of its portfolio in Barrett Business Services, Inc. (NASDAQ:BBSI). Cadence Cap Mngmt Limited Liability Company last reported 0.07% of its portfolio in the stock. Great West Life Assurance Co Can accumulated 2,100 shares or 0% of the stock. Creative Planning last reported 0% of its portfolio in the stock. Numeric Investors Lc accumulated 145,907 shares or 0.05% of the stock. Parametric Portfolio Assocs Ltd Liability Corporation accumulated 0% or 11,397 shares. Credit Suisse Ag accumulated 5,159 shares or 0% of the stock. Geode Cap Management Ltd Liability last reported 0% of its portfolio in the stock. Moors & Cabot Incorporated accumulated 41,834 shares or 0.3% of the stock. Bank Of America De owns 224 shares or 0% of their US portfolio.

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 Finance.Yahoo.com published article titled: “Bernstein Litowitz Berger & Grossmann LLP Announces Proposed Settlement in the …”, Thestreet.com published: “Commit To Purchase Barrett Business Services At $40, Earn 16.9% Annualized …” on October 24, 2016. More interesting news about Barrett Business Services, Inc. (NASDAQ:BBSI) was released by: Insurancejournal.com and their article: “Investigation Launched into Workers’ Comp Services Provider BBSI” with publication date: November 10, 2015.

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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