Teacher Retirement System of Texas Decreases Stake in Barrett Business Services, Inc. (NASDAQ:BBSI)

Teacher Retirement System of Texas Decreases Stake in Barrett Business Services, Inc. (NASDAQ:BBSI)


Teacher Retirement System of Texas reduced its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI – Free Report) by 8.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,438 shares of the business services provider’s stock after selling 753 shares during the period. Teacher Retirement System of Texas owned approximately 0.13% of Barrett Business Services worth $977,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in BBSI. AJOVista LLC purchased a new stake in shares of Barrett Business Services during the 4th quarter worth $27,000. Ramirez Asset Management Inc. purchased a new stake in shares of Barrett Business Services during the 3rd quarter worth $45,000. CWM LLC boosted its position in shares of Barrett Business Services by 120,000.0% during the 4th quarter. CWM LLC now owns 1,201 shares of the business services provider’s stock worth $139,000 after purchasing an additional 1,200 shares in the last quarter. Gladius Capital Management LP boosted its position in shares of Barrett Business Services by 82.2% in the 3rd quarter. Gladius Capital Management LP now owns 1,971 shares of the business services provider’s stock worth $178,000 after buying an additional 889 shares in the last quarter. Finally, Arizona State Retirement System purchased a new stake in shares of Barrett Business Services in the 4th quarter worth about $218,000. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barrington Research reiterated an “outperform” rating and issued a $141.00 price objective on shares of Barrett Business Services in a research report on Thursday, May 2nd. StockNews.com upgraded shares of Barrett Business Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

Get Our Latest Stock Report on Barrett Business Services

Barrett Business Services Trading Down 0.0 %

Shares of BBSI stock opened at $124.86 on Wednesday. The firm has a 50-day moving average price of $123.16 and a 200 day moving average price of $116.42. Barrett Business Services, Inc. has a twelve month low of $82.43 and a twelve month high of $130.00. The company has a market capitalization of $816.58 million, a price-to-earnings ratio of 17.13, a PEG ratio of 1.13 and a beta of 1.37.

Barrett Business Services (NASDAQ:BBSI – Get Free Report) last announced its earnings results on Wednesday, May 1st. The business services provider reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.29. Barrett Business Services had a net margin of 4.60% and a return on equity of 26.58%. The firm had revenue of $265.78 million during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the company posted $0.12 EPS. As a group, research analysts predict 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 will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, May 16th. Barrett Business Services’s payout ratio is 16.46%.

Barrett Business Services Profile

(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.

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



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