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

State Street Corp boosted its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 0.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 669,253 shares of the business services provider’s stock after purchasing an additional 1,466 shares during the period. State Street Corp owned about 2.58% of Barrett Business Services worth $25,104,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BBSI. Verition Fund Management LLC purchased a new position in shares of Barrett Business Services during the 3rd quarter valued at $246,000. Martingale Asset Management L P boosted its position in Barrett Business Services by 5.9% during the third quarter. Martingale Asset Management L P now owns 52,178 shares of the business services provider’s stock valued at $1,957,000 after purchasing an additional 2,904 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Barrett Business Services by 81.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,955 shares of the business services provider’s stock valued at $223,000 after purchasing an additional 2,675 shares in the last quarter. BNP Paribas Financial Markets increased its position in Barrett Business Services by 5.8% in the 3rd 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. Finally, Quantbot Technologies LP purchased a new stake in shares of Barrett Business Services during the 3rd quarter worth about $77,000. Institutional investors and hedge funds own 86.76% of the company’s stock.

Insider Buying and Selling

In other Barrett Business Services news, Director Joseph Stephen Clabby purchased 1,635 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were bought at an average cost 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 purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Thomas J. Carley sold 4,584 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.24, for a total value of $189,044.16. Following the transaction, the director now owns 91,628 shares of the company’s stock, valued at approximately $3,778,738.72. This trade represents a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Analyst Ratings Changes

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

Barrett Business Services Stock Performance

Shares of BBSI stock opened at $43.04 on Monday. The stock’s 50 day simple moving average is $40.76 and its 200 day simple moving average is $37.03. Barrett Business Services, Inc. has a twelve month low of $27.06 and a twelve month high of $44.39. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 22.71, 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 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 payout ratio is 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.