Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 29.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 139,058 shares of the business services provider's stock after selling 56,989 shares during the quarter. Teacher Retirement System of Texas owned 0.54% of Barrett Business Services worth $5,722,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Prudent Man Investment Management Inc. bought a new stake in shares of Barrett Business Services during the 4th quarter valued at about $35,000. Private Trust Co. NA bought a new position in shares of Barrett Business Services during the 1st quarter valued at approximately $33,000. Perkins Coie Trust Co grew its stake in shares of Barrett Business Services by 10.0% during the 1st quarter. Perkins Coie Trust Co now owns 4,400 shares of the business services provider's stock valued at $181,000 after acquiring an additional 400 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Barrett Business Services during the 4th quarter valued at approximately $209,000. Finally, Two Sigma Securities LLC bought a new position in shares of Barrett Business Services during the 4th quarter valued at approximately $218,000. 86.76% of the stock is currently owned by institutional investors.

Barrett Business Services Stock Performance

Shares of BBSI traded up $0.08 during mid-day trading on Tuesday, hitting $42.59. 3,678 shares of the stock were exchanged, compared to its average volume of 137,792. The company has a market cap of $1.09 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.46 and a beta of 0.99. Barrett Business Services, Inc. has a 52-week low of $31.77 and a 52-week high of $44.97. The firm has a 50-day moving average of $41.70 and a two-hundred day moving average of $41.55.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.09. The company had revenue of $292.60 million for the quarter, compared to analyst estimates of $285.91 million. Barrett Business Services had a return on equity of 24.55% and a net margin of 4.45%. Barrett Business Services's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.01) EPS. On average, sell-side analysts predict that Barrett Business Services, Inc. will post 2 EPS for the current year.

Barrett Business Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.75%. The ex-dividend date was Friday, May 23rd. Barrett Business Services's dividend payout ratio (DPR) is presently 16.41%.

Analyst Ratings Changes

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

Insider Buying and Selling at Barrett Business Services

In other news, Director Thomas J. Carley sold 12,354 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $42.60, for a total transaction of $526,280.40. Following the transaction, the director owned 91,628 shares of the company's stock, valued at approximately $3,903,352.80. This represents a 11.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anthony Meeker sold 7,380 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $42.14, for a total value of $310,993.20. Following the sale, the director owned 55,504 shares of the company's stock, valued at $2,338,938.56. This trade represents a 11.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,061 shares of company stock valued at $1,406,470 in the last quarter. 4.10% of the stock is owned by insiders.

About Barrett Business Services

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.