State Street Corp Has $25.10 Million Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

State Street Corp increased its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 0.2% during the third quarter, Holdings Channel reports. The institutional investor owned 669,253 shares of the business services provider’s stock after purchasing an additional 1,466 shares during the quarter. State Street Corp’s holdings in Barrett Business Services were worth $25,104,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mawer Investment Management Ltd. grew its holdings in shares of Barrett Business Services by 236.4% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,834,452 shares of the business services provider’s stock worth $68,810,000 after purchasing an additional 1,289,147 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Barrett Business Services by 281.9% in the second quarter. Dimensional Fund Advisors LP now owns 867,708 shares of the business services provider’s stock worth $28,435,000 after purchasing an additional 640,508 shares during the period. Renaissance Technologies LLC boosted its stake in Barrett Business Services by 299.4% during the second quarter. Renaissance Technologies LLC now owns 798,500 shares of the business services provider’s stock worth $26,167,000 after buying an additional 598,567 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in Barrett Business Services in the 3rd quarter valued at $16,422,000. Finally, American Century Companies Inc. raised its stake in shares of Barrett Business Services by 155.9% in the 2nd quarter. American Century Companies Inc. now owns 535,896 shares of the business services provider’s stock valued at $17,561,000 after buying an additional 326,502 shares in the last quarter. 86.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BBSI shares. Barrington Research reissued an “outperform” rating and issued a $45.00 target price on shares of Barrett Business Services in a research note on Wednesday, December 11th. Roth Mkm upped their price objective on Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, StockNews.com upgraded Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th.

Insider Transactions at Barrett Business Services

In related news, Director Thomas J. Carley sold 4,584 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.24, for a total transaction of $189,044.16. Following the transaction, the director now owns 91,628 shares in the company, valued at $3,778,738.72. This represents a 4.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Stephen Clabby acquired 1,635 shares of the stock in a transaction on Tuesday, November 12th. The stock was bought at an average price of $43.01 per share, with a total value of $70,321.35. Following the transaction, the director now directly owns 11,327 shares in the company, valued at approximately $487,174.27. This represents a 16.87 % increase in their position. The disclosure for this purchase can be found here. 3.70% of the stock is owned by company insiders.

Barrett Business Services Stock Up 0.7 %

Shares of BBSI stock opened at $43.04 on Monday. The company has a market capitalization of $1.12 billion, a P/E ratio of 22.71, a P/E/G ratio of 1.46 and a beta of 1.42. Barrett Business Services, Inc. has a 12-month low of $27.06 and a 12-month high of $44.39. The firm has a 50-day moving average price of $40.76 and a 200 day moving average price of $37.03.

Barrett Business Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, November 22nd. Barrett Business Services’s dividend payout ratio (DPR) is currently 16.93%.

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.