Price T Rowe Associates Inc. MD Raises Stock Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

Price T Rowe Associates Inc. MD raised its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 11.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,243 shares of the business services provider's stock after buying an additional 8,925 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.33% of Barrett Business Services worth $3,704,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Inceptionr LLC grew its stake in Barrett Business Services by 3.9% during the fourth quarter. Inceptionr LLC now owns 6,939 shares of the business services provider's stock valued at $301,000 after acquiring an additional 262 shares in the last quarter. Swiss National Bank grew its position in shares of Barrett Business Services by 1.0% during the 4th quarter. Swiss National Bank now owns 51,400 shares of the business services provider's stock valued at $2,233,000 after purchasing an additional 500 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Barrett Business Services by 1.0% in the fourth quarter. Victory Capital Management Inc. now owns 51,754 shares of the business services provider's stock worth $2,248,000 after purchasing an additional 530 shares during the period. Franklin Resources Inc. raised its position in shares of Barrett Business Services by 1.7% in the third quarter. Franklin Resources Inc. now owns 42,790 shares of the business services provider's stock worth $1,590,000 after buying an additional 704 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its stake in Barrett Business Services by 0.5% during the fourth quarter. Hillsdale Investment Management Inc. now owns 164,780 shares of the business services provider's stock valued at $7,158,000 after buying an additional 800 shares during the period. 86.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BBSI has been the topic of several recent analyst reports. Barrington Research reaffirmed an "outperform" rating and issued a $45.00 price target on shares of Barrett Business Services in a report on Tuesday. StockNews.com upgraded shares of Barrett Business Services from a "buy" rating to a "strong-buy" rating in a research report on Thursday.

Barrett Business Services Stock Performance

NASDAQ:BBSI traded up $0.03 during trading hours on Friday, reaching $40.45. The company's stock had a trading volume of 139,509 shares, compared to its average volume of 140,665. The firm has a 50-day simple moving average of $40.35 and a 200-day simple moving average of $41.43. Barrett Business Services, Inc. has a 1 year low of $30.68 and a 1 year high of $44.97. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 1.21 and a beta of 1.02.

Barrett Business Services (NASDAQ:BBSI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The business services provider reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.09. Barrett Business Services had a return on equity of 25.28% and a net margin of 4.55%. The business had revenue of $292.60 million for the quarter, compared to analysts' expectations of $285.91 million. During the same period in the previous year, the firm earned ($0.01) EPS. The business's quarterly revenue was up 10.1% on a year-over-year basis. Equities analysts anticipate that Barrett Business Services, Inc. will post 2 earnings per share for the current fiscal year.

Barrett Business Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.79%. Barrett Business Services's dividend payout ratio is currently 16.08%.

Barrett Business Services Company 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.