BNP Paribas Financial Markets Cuts Stock Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

BNP Paribas Financial Markets Cuts Stock Position in Barrett Business Services, Inc. (NASDAQ:BBSI)


BNP Paribas Financial Markets lessened its stake in Barrett Business Services, Inc. (NASDAQ:BBSI – Free Report) by 17.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,953 shares of the business services provider’s stock after selling 1,021 shares during the period. BNP Paribas Financial Markets owned 0.07% of Barrett Business Services worth $574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its stake in Barrett Business Services by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 84,945 shares of the business services provider’s stock valued at $9,837,000 after purchasing an additional 1,252 shares during the last quarter. AJOVista LLC purchased a new position in Barrett Business Services in the fourth quarter valued at about $27,000. LSV Asset Management grew its stake in Barrett Business Services by 5.6% in the fourth quarter. LSV Asset Management now owns 29,972 shares of the business services provider’s stock valued at $3,471,000 after purchasing an additional 1,599 shares during the last quarter. Summit Global Investments grew its stake in Barrett Business Services by 28.0% in the fourth quarter. Summit Global Investments now owns 5,743 shares of the business services provider’s stock valued at $665,000 after purchasing an additional 1,257 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Barrett Business Services by 131.9% during the fourth quarter. New York State Common Retirement Fund now owns 6,585 shares of the business services provider’s stock worth $763,000 after acquiring an additional 3,745 shares during the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

Barrett Business Services Stock Performance

Shares of BBSI stock opened at $132.34 on Friday. Barrett Business Services, Inc. has a fifty-two week low of $82.44 and a fifty-two week high of $132.90. The firm has a market capitalization of $865.77 million, a price-to-earnings ratio of 18.15, a PEG ratio of 1.16 and a beta of 1.37. The stock’s 50-day simple moving average is $123.97 and its 200-day simple moving average is $117.55.

Barrett Business Services (NASDAQ:BBSI – Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The business services provider reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.29. Barrett Business Services had a return on equity of 26.58% and a net margin of 4.60%. The business had revenue of $265.78 million for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm earned $0.12 earnings per share. As a group, equities analysts forecast that Barrett Business Services, Inc. will post 7.95 earnings per share for the current year.

Barrett Business Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, May 16th. Barrett Business Services’s dividend payout ratio (DPR) is 16.46%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barrington Research restated an “outperform” rating and set a $141.00 price target on shares of Barrett Business Services in a research note on Tuesday, May 28th. StockNews.com lowered Barrett Business Services from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

View Our Latest Analysis on BBSI

About Barrett Business Services

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Barrett Business Services (NASDAQ:BBSI)



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