L. Roy Papp & Associates LLP Takes Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

L. Roy Papp & Associates LLP Takes Position in Barrett Business Services, Inc. (NASDAQ:BBSI)


L. Roy Papp & Associates LLP acquired a new stake in Barrett Business Services, Inc. (NASDAQ:BBSI – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,120 shares of the business services provider’s stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio grew its position in shares of Barrett Business Services by 2.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,623 shares of the business services provider’s stock valued at $439,000 after acquiring an additional 112 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Barrett Business Services by 25.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 584 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 120 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Barrett Business Services by 80.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 306 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 136 shares during the period. Rhumbline Advisers lifted its stake in shares of Barrett Business Services by 1.6% during the 1st quarter. Rhumbline Advisers now owns 10,365 shares of the business services provider’s stock worth $919,000 after buying an additional 165 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of Barrett Business Services by 1.4% during the 1st quarter. Captrust Financial Advisors now owns 11,904 shares of the business services provider’s stock worth $926,000 after buying an additional 170 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

Barrett Business Services Stock Performance

NASDAQ BBSI opened at $126.72 on Friday. The firm has a 50-day moving average of $117.02 and a 200-day moving average of $108.08. The stock has a market cap of $832.55 million, a PE ratio of 17.06, a P/E/G ratio of 1.16 and a beta of 1.35. Barrett Business Services, Inc. has a 52-week low of $76.22 and a 52-week high of $130.00.

Barrett Business Services (NASDAQ:BBSI – Get Free Report) last posted its earnings results on Wednesday, February 28th. The business services provider reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.29. Barrett Business Services had a net margin of 4.73% and a return on equity of 27.69%. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. As a group, analysts predict that Barrett Business Services, Inc. will post 7.78 EPS for the current fiscal year.

Barrett Business Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Thursday, March 14th. Barrett Business Services’s dividend payout ratio (DPR) is 16.15%.

Analyst Ratings Changes

Separately, Barrington Research restated an “outperform” rating and set a $141.00 target price on shares of Barrett Business Services in a research note on Thursday, February 29th.

Read Our Latest Stock 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.

See Also

Want to see what other hedge funds are holding BBSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Barrett Business Services, Inc. (NASDAQ:BBSI – Free Report).

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



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