Invesco Ltd. Sells 13,137 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Invesco Ltd. reduced its position in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 140,045 shares of the business services provider's stock after selling 13,137 shares during the period. Invesco Ltd. owned approximately 0.54% of Barrett Business Services worth $6,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BBSI. 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. Barclays PLC grew its position in shares of Barrett Business Services by 42.9% during the 3rd quarter. Barclays PLC now owns 61,332 shares of the business services provider's stock valued at $2,300,000 after acquiring an additional 18,414 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Barrett Business Services by 19.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider's stock worth $20,500,000 after purchasing an additional 88,350 shares in the last quarter. Intech Investment Management LLC bought a new position in Barrett Business Services in the 4th quarter worth $485,000. Finally, Geode Capital Management LLC lifted its position in Barrett Business Services by 4.8% during the third quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider's stock valued at $26,471,000 after purchasing an additional 32,632 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company's stock.

Barrett Business Services Stock Up 0.6 %

BBSI stock traded up $0.23 during trading on Thursday, reaching $40.79. The company's stock had a trading volume of 18,351 shares, compared to its average volume of 139,327. The company's fifty day moving average is $40.20 and its 200-day moving average is $41.21. Barrett Business Services, Inc. has a 1 year low of $28.42 and a 1 year high of $44.97. The company has a market capitalization of $1.05 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09.

Barrett Business Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.78%. The ex-dividend date was Friday, March 14th. Barrett Business Services's dividend payout ratio (DPR) is presently 16.08%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BBSI shares. StockNews.com raised Barrett Business Services from a "hold" rating to a "buy" rating in a research note on Friday, March 7th. Barrington Research restated an "outperform" rating and set a $45.00 target price on shares of Barrett Business Services in a research note on Wednesday, March 12th.

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.