Stock Worth Mentioning Today: After Touching 52-Week High, Is Barrett Business Services, Inc.’s Near-Term Analysis Positive?

Stock Worth Mentioning Today: After Touching 52 Week High, Is Barrett Business Services, Inc.'s Near Term Analysis Positive?

The stock of Barrett Business Services, Inc. (NASDAQ:BBSI) hit a new 52-week high and has $63.43 target or 9.00% above today’s $58.19 share price. The 8 months bullish chart indicates low risk for the $425.06M company. The 1-year high was reported on Nov, 23 by If the $63.43 price target is reached, the company will be worth $38.26 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 21,572 shares traded hands. Barrett Business Services, Inc. (NASDAQ:BBSI) has risen 72.44% since April 21, 2016 and is uptrending. It has outperformed by 67.11% 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 is positive, 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.
Heartland Advsr accumulated 579,170 shares or 1.35% of the stock. Rhumbline Advisers has 9,261 shares for 0% of their US portfolio. The California-based Blackrock Institutional Tru Com Na has invested 0% in Barrett Business Services, Inc. (NASDAQ:BBSI). The New York-based Amer International Gru has invested 0% in Barrett Business Services, Inc. (NASDAQ:BBSI). Moreover, Teachers Advisors has 0% invested in Barrett Business Services, Inc. (NASDAQ:BBSI) for 11,212 shares. The Missouri-based Kennedy Cap Mngmt has invested 0.17% in Barrett Business Services, Inc. (NASDAQ:BBSI). Moreover, Great West Life Assurance Can has 0% invested in Barrett Business Services, Inc. (NASDAQ:BBSI) for 2,100 shares. Amer Century Companies accumulated 0% or 16,954 shares. Highbridge Capital Management Lc has invested 0.01% of its portfolio in Barrett Business Services, Inc. (NASDAQ:BBSI). Creative Planning reported 129 shares or 0% of all its holdings. Blackrock Investment Lc, a New Jersey-based fund reported 27,273 shares. Moreover, California Public Employees Retirement Sys has 0.01% invested in Barrett Business Services, Inc. (NASDAQ:BBSI) for 95,500 shares. Moreover, Legal And General Plc has 0% invested in Barrett Business Services, Inc. (NASDAQ:BBSI) for 1,137 shares. Globeflex L P has 0.14% invested in the company for 11,926 shares. Moreover, Schwab Charles Invest Mngmt has 0% invested in Barrett Business Services, Inc. (NASDAQ:BBSI) for 20,677 shares.

More important recent Barrett Business Services, Inc. (NASDAQ:BBSI) news were published by: which released: “Barrett Business Services, Inc. (BBSI) Ex-Dividend Date Scheduled for November …” on November 17, 2016, also published article titled: “Commit To Purchase Barrett Business Services At $40, Earn 16.9% Annualized …”, 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: and their article: “Barrett Business Services, Inc. Investigated For Possible Violations Of The …” with publication date: March 10, 2016.

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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