Barrett Business Services, Inc. (NASDAQ:BBSI) Position Increased by Deutsche Bank AG

Deutsche Bank AG boosted its stake in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 43.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,831 shares of the business services provider's stock after purchasing an additional 8,403 shares during the quarter. Deutsche Bank AG owned about 0.11% of Barrett Business Services worth $1,209,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in shares of Barrett Business Services by 272.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,631,644 shares of the business services provider's stock worth $70,879,000 after acquiring an additional 1,193,839 shares during the last quarter. Mawer Investment Management Ltd. grew its position in shares of Barrett Business Services by 15.1% in the 4th quarter. Mawer Investment Management Ltd. now owns 2,110,550 shares of the business services provider's stock worth $91,682,000 after buying an additional 276,098 shares during the period. 4D Advisors LLC purchased a new stake in Barrett Business Services during the 4th quarter valued at about $5,430,000. Norges Bank bought a new position in Barrett Business Services during the 4th quarter valued at about $3,849,000. Finally, Tieton Capital Management LLC lifted its stake in shares of Barrett Business Services by 23.2% in the 4th quarter. Tieton Capital Management LLC now owns 251,628 shares of the business services provider's stock worth $10,931,000 after purchasing an additional 47,447 shares during the period. 86.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BBSI. Wall Street Zen cut shares of Barrett Business Services from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th. Barrington Research reissued an "outperform" rating and set a $45.00 price target on shares of Barrett Business Services in a research report on Tuesday, May 6th.

Insider Activity at Barrett Business Services

In related news, Director Thomas J. Carley sold 12,354 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $42.60, for a total value of $526,280.40. Following the sale, the director now directly owns 91,628 shares of the company's stock, valued at approximately $3,903,352.80. This trade represents a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.70% of the stock is owned by corporate insiders.

Barrett Business Services Price Performance

Shares of BBSI stock traded up $0.09 during trading on Friday, reaching $41.86. The company's stock had a trading volume of 7,479 shares, compared to its average volume of 141,375. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 1.21 and a beta of 1.02. The stock's 50-day moving average price is $40.83 and its 200 day moving average price is $41.76. Barrett Business Services, Inc. has a 1-year low of $31.23 and a 1-year high of $44.97.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last issued 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. Barrett Business Services had a net margin of 4.55% and a return on equity of 25.28%. The business had revenue of $292.60 million during the quarter, compared to the consensus estimate of $285.91 million. During the same quarter in the previous year, the firm earned ($0.01) EPS. The company's revenue was up 10.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Barrett Business Services, Inc. will post 2 EPS for the current fiscal year.

Barrett Business Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.76%. Barrett Business Services's payout ratio is 16.41%.

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.