Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI) by 11.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 249,542 shares of the business services provider’s stock after selling 32,030 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Barrett Business Services were worth $10,840,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of Barrett Business Services by 9.9% during the 4th quarter. Principal Financial Group Inc. now owns 19,018 shares of the business services provider’s stock valued at $826,000 after acquiring an additional 1,718 shares in the last quarter. Rhumbline Advisers raised its position in shares of Barrett Business Services by 19.9% during the 4th quarter. Rhumbline Advisers now owns 46,107 shares of the business services provider’s stock valued at $2,003,000 after acquiring an additional 7,653 shares in the last quarter. Longboard Asset Management LP acquired a new stake in shares of Barrett Business Services during the 4th quarter valued at approximately $217,000. Janney Montgomery Scott LLC acquired a new stake in shares of Barrett Business Services during the 4th quarter valued at approximately $481,000. Finally, SG Americas Securities LLC raised its position in shares of Barrett Business Services by 18.7% during the 4th quarter. SG Americas Securities LLC now owns 14,402 shares of the business services provider’s stock valued at $626,000 after acquiring an additional 2,265 shares in the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BBSI shares. Barrington Research reissued an “outperform” rating and set a $45.00 price target on shares of Barrett Business Services in a research report on Wednesday, March 12th. StockNews.com raised Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Friday, March 7th.

Barrett Business Services Price Performance

Shares of BBSI opened at $40.82 on Friday. The company has a market cap of $1.05 billion, a P/E ratio of 21.54, a PEG ratio of 1.21 and a beta of 1.31. The stock has a fifty day moving average price of $41.72 and a 200 day moving average price of $40.47. Barrett Business Services, Inc. has a 12 month low of $28.42 and a 12 month high of $44.97.

Barrett Business Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, March 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.78%. Barrett Business Services’s payout ratio is currently 16.08%.

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.