UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 9,153 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 15.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,827 shares of the business services provider’s stock after selling 9,153 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.19% of Barrett Business Services worth $1,832,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BBSI. Mawer Investment Management Ltd. lifted its holdings in 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 valued at $68,810,000 after buying an additional 1,289,147 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Barrett Business Services by 281.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 867,708 shares of the business services provider’s stock valued at $28,435,000 after buying an additional 640,508 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Barrett Business Services by 299.4% during the 2nd quarter. Renaissance Technologies LLC now owns 798,500 shares of the business services provider’s stock valued at $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 during the 3rd quarter valued at about $16,422,000. Finally, American Century Companies Inc. lifted its holdings in Barrett Business Services by 155.9% during 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. Institutional investors own 86.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BBSI. Roth Mkm raised their target price on shares of Barrett Business Services from $43.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Barrington Research reissued an “outperform” rating and set a $45.00 target price on shares of Barrett Business Services in a research report on Wednesday, December 11th.

Insider Transactions at Barrett Business Services

In other Barrett Business Services news, Director Thomas J. Carley sold 4,584 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.24, for a total transaction of $189,044.16. Following the sale, the director now owns 91,628 shares of the company’s stock, valued at approximately $3,778,738.72. The trade was a 4.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas B. Cusick sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $43.41, for a total transaction of $130,230.00. Following the sale, the director now directly owns 27,776 shares in the company, valued at approximately $1,205,756.16. This represents a 9.75 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Barrett Business Services Stock Up 0.6 %

Shares of Barrett Business Services stock opened at $43.57 on Monday. The firm’s 50 day moving average price is $40.14 and its 200-day moving average price is $36.67. Barrett Business Services, Inc. has a 52-week low of $27.06 and a 52-week high of $44.39. The company has a market cap of $1.13 billion, a P/E ratio of 23.05, a PEG ratio of 1.46 and a beta of 1.42.

Barrett Business Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, November 22nd. Barrett Business Services’s payout ratio 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.