Barrett Business Services, Inc. (BBSI) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 58.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,967 shares of the business services provider’s stock after selling 30,970 shares during the period. Russell Investments Group Ltd. owned 0.30% of Barrett Business Services worth $1,462,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Strs Ohio boosted its position in Barrett Business Services by 6.5% during the 2nd quarter. Strs Ohio now owns 9,800 shares of the business services provider’s stock worth $946,000 after purchasing an additional 600 shares during the period. Martingale Asset Management L P boosted its position in Barrett Business Services by 5.2% during the 2nd quarter. Martingale Asset Management L P now owns 26,312 shares of the business services provider’s stock worth $2,541,000 after purchasing an additional 1,301 shares during the period. Macquarie Group Ltd. boosted its position in Barrett Business Services by 127.0% during the 2nd quarter. Macquarie Group Ltd. now owns 2,860 shares of the business services provider’s stock worth $276,000 after purchasing an additional 1,600 shares during the period. Globeflex Capital L P purchased a new stake in Barrett Business Services during the 2nd quarter worth $157,000. Finally, Principal Financial Group Inc. purchased a new stake in Barrett Business Services during the 1st quarter worth $226,000. 81.03% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:BBSI opened at $63.98 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $485.09 million, a price-to-earnings ratio of 16.07 and a beta of 0.56. Barrett Business Services, Inc. has a 1-year low of $56.10 and a 1-year high of $98.76.

Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings data on Tuesday, November 6th. The business services provider reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.29. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Barrett Business Services had a net margin of 3.34% and a return on equity of 36.31%. As a group, sell-side analysts expect that Barrett Business Services, Inc. will post 4.51 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Friday, November 23rd were given a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, November 21st. This represents a $1.00 dividend on an annualized basis and a yield of 1.56%. Barrett Business Services’s payout ratio is currently 30.03%.

A number of analysts recently weighed in on BBSI shares. BidaskClub cut shares of Barrett Business Services from a “hold” rating to a “sell” rating in a research report on Saturday, September 15th. Zacks Investment Research cut shares of Barrett Business Services from a “hold” rating to a “sell” rating in a research report on Friday, August 10th. Sidoti started coverage on shares of Barrett Business Services in a research report on Tuesday, October 9th. They set a “buy” rating and a $95.00 price target for the company. Finally, ValuEngine cut shares of Barrett Business Services from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $97.50.

In other Barrett Business Services news, COO Gregory R. Vaughn sold 7,488 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $71.33, for a total value of $534,119.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony Meeker sold 1,000 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $66.88, for a total transaction of $66,880.00. Following the completion of the transaction, the director now directly owns 11,894 shares of the company’s stock, valued at $795,470.72. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company’s stock.

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Barrett Business Services Company Profile

Barrett Business Services, Inc provides business management solutions for small and medium-sized companies in the United States. The company has management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.

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Institutional Ownership by Quarter for Barrett Business Services (NASDAQ:BBSI)

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