LSV Asset Management Boosts Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

LSV Asset Management increased its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI) by 5.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,972 shares of the business services provider’s stock after purchasing an additional 1,599 shares during the period. LSV Asset Management owned approximately 0.45% of Barrett Business Services worth $3,471,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Summit Global Investments grew its stake in shares of Barrett Business Services by 28.0% during the fourth quarter. Summit Global Investments now owns 5,743 shares of the business services provider’s stock valued at $665,000 after buying an additional 1,257 shares during the last quarter. New York State Common Retirement Fund increased its stake in Barrett Business Services by 131.9% in the 4th quarter. New York State Common Retirement Fund now owns 6,585 shares of the business services provider’s stock worth $763,000 after purchasing an additional 3,745 shares during the period. CWM LLC lifted its position in Barrett Business Services by 120,000.0% in the fourth quarter. CWM LLC now owns 1,201 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 1,200 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Barrett Business Services by 34.9% in the fourth quarter. Mackenzie Financial Corp now owns 3,537 shares of the business services provider’s stock worth $410,000 after purchasing an additional 915 shares during the last quarter. Finally, Equitable Trust Co. increased its stake in shares of Barrett Business Services by 10.1% in the fourth quarter. Equitable Trust Co. now owns 10,010 shares of the business services provider’s stock worth $1,159,000 after buying an additional 920 shares during the period. Institutional investors own 86.76% of the company’s stock.

Barrett Business Services Price Performance

Shares of Barrett Business Services stock opened at $123.95 on Thursday. Barrett Business Services, Inc. has a 1 year low of $78.51 and a 1 year high of $130.00. The company has a 50-day moving average of $122.13 and a 200 day moving average of $114.03. The firm has a market cap of $810.88 million, a price-to-earnings ratio of 17.00, a PEG ratio of 1.11 and a beta of 1.37.

Barrett Business Services (NASDAQ:BBSI) last released its earnings results on Wednesday, May 1st. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.29. Barrett Business Services had a net margin of 4.60% and a return on equity of 26.58%. The firm had revenue of $265.78 million during the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the business earned $0.12 earnings per share. On average, equities analysts anticipate that Barrett Business Services, Inc. will post 7.95 EPS for the current year.

Barrett Business Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Thursday, May 16th. Barrett Business Services’s payout ratio is 16.46%.

Wall Street Analysts Forecast Growth

BBSI has been the topic of several research reports. Barrington Research reaffirmed an “outperform” rating and set a $141.00 price objective on shares of Barrett Business Services in a research report on Thursday, May 2nd. StockNews.com raised Barrett Business Services from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 2nd.

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.