Northern Trust Corp Acquires 15,900 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Northern Trust Corp lifted its stake in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 393,267 shares of the business services provider's stock after acquiring an additional 15,900 shares during the period. Northern Trust Corp owned 1.52% of Barrett Business Services worth $17,084,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Prudent Man Investment Management Inc. acquired a new stake in shares of Barrett Business Services during the fourth quarter valued at approximately $35,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Barrett Business Services during the fourth quarter valued at approximately $209,000. Longboard Asset Management LP acquired a new position in Barrett Business Services in the 4th quarter valued at approximately $217,000. Two Sigma Securities LLC acquired a new position in Barrett Business Services in the 4th quarter valued at approximately $218,000. Finally, First Trust Advisors LP acquired a new position in shares of Barrett Business Services during the 4th quarter worth $298,000. 86.76% of the stock is owned by institutional investors and hedge funds.

Barrett Business Services Stock Performance

Shares of NASDAQ BBSI traded up $0.07 during mid-day trading on Friday, hitting $42.42. 127,433 shares of the stock were exchanged, compared to its average volume of 142,553. The company has a market cap of $1.09 billion, a P/E ratio of 22.39, a PEG ratio of 1.21 and a beta of 1.02. The stock's fifty day simple moving average is $40.59 and its two-hundred day simple moving average is $41.61. Barrett Business Services, Inc. has a twelve month low of $30.68 and a twelve month high of $44.97.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The business services provider reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.09. The company had revenue of $292.60 million during the quarter, compared to analyst estimates of $285.91 million. Barrett Business Services had a net margin of 4.55% and a return on equity of 25.28%. The company's revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) earnings per share. As a group, equities research analysts predict that Barrett Business Services, Inc. will post 2 earnings per share for the current fiscal year.

Barrett Business Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.32 annualized dividend and a dividend yield of 0.75%. Barrett Business Services's dividend payout ratio (DPR) is currently 16.41%.

Analyst Ratings Changes

Several analysts recently issued reports on BBSI shares. StockNews.com downgraded shares of Barrett Business Services from a "strong-buy" rating to a "hold" rating in a report on Friday. Barrington Research reaffirmed an "outperform" rating and set a $45.00 price objective on shares of Barrett Business Services in a research report on Tuesday, May 6th.

Barrett Business Services Profile

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.