Swiss National Bank Raises Stock Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

Swiss National Bank lifted its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,400 shares of the business services provider’s stock after purchasing an additional 500 shares during the quarter. Swiss National Bank owned about 0.20% of Barrett Business Services worth $2,233,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BBSI. Inceptionr LLC raised its position in Barrett Business Services by 3.9% during the 4th quarter. Inceptionr LLC now owns 6,939 shares of the business services provider’s stock worth $301,000 after buying an additional 262 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Barrett Business Services by 1.0% during 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 last quarter. BNP Paribas Financial Markets raised its holdings in shares of Barrett Business Services by 5.8% during the third quarter. BNP Paribas Financial Markets now owns 12,310 shares of the business services provider’s stock worth $462,000 after purchasing an additional 679 shares during the last quarter. Franklin Resources Inc. lifted its position in Barrett Business Services by 1.7% during the third quarter. Franklin Resources Inc. now owns 42,790 shares of the business services provider’s stock valued at $1,590,000 after purchasing an additional 704 shares during the period. Finally, Inspire Advisors LLC boosted its holdings in Barrett Business Services by 2.8% in the fourth quarter. Inspire Advisors LLC now owns 30,123 shares of the business services provider’s stock valued at $1,309,000 after purchasing an additional 818 shares during the last quarter. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Barrett Business Services Stock Up 0.5 %

BBSI stock opened at $41.81 on Friday. Barrett Business Services, Inc. has a 52-week low of $28.42 and a 52-week high of $44.97. The firm has a market cap of $1.08 billion, a P/E ratio of 22.06, a PEG ratio of 1.21 and a beta of 1.31. The company’s 50-day simple moving average is $41.62 and its 200-day simple moving average is $40.62.

Barrett Business Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.77%. Barrett Business Services’s dividend payout ratio is currently 16.08%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Barrington Research reissued an “outperform” rating and issued a $45.00 price target on shares of Barrett Business Services in a report 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.