Legal & General Group Plc Sells 1,213 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Legal & General Group Plc cut its holdings in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 38,670 shares of the business services provider’s stock after selling 1,213 shares during the period. Legal & General Group Plc’s holdings in Barrett Business Services were worth $1,680,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Mawer Investment Management Ltd. raised its holdings in shares of Barrett Business Services by 15.1% during the 4th quarter. Mawer Investment Management Ltd. now owns 2,110,550 shares of the business services provider’s stock worth $91,682,000 after buying an additional 276,098 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Barrett Business Services by 272.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,631,644 shares of the business services provider’s stock worth $70,879,000 after acquiring an additional 1,193,839 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Barrett Business Services by 4.8% in the third quarter. Geode Capital Management LLC now owns 705,598 shares of the business services provider’s stock worth $26,471,000 after acquiring an additional 32,632 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Barrett Business Services by 19.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider’s stock valued at $20,500,000 after purchasing an additional 88,350 shares in the last quarter. Finally, Tieton Capital Management LLC grew its holdings in shares of Barrett Business Services by 23.2% during the 4th quarter. Tieton Capital Management LLC now owns 251,628 shares of the business services provider’s stock valued at $10,931,000 after purchasing an additional 47,447 shares during the last quarter. Institutional investors and hedge funds own 86.76% of the company’s stock.

Analysts Set New Price Targets

BBSI has been the topic of a number of research reports. Barrington Research reaffirmed an “outperform” rating and set a $45.00 target price on shares of Barrett Business Services in a research note on Wednesday, March 12th. StockNews.com upgraded Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Friday, March 7th.

Barrett Business Services Price Performance

NASDAQ:BBSI opened at $40.53 on Friday. Barrett Business Services, Inc. has a one year low of $28.42 and a one year high of $44.97. The company has a market cap of $1.05 billion, a PE ratio of 21.39, a P/E/G ratio of 1.21 and a beta of 1.09. The firm’s 50 day simple moving average is $40.22 and its 200 day simple moving average is $41.13.

Barrett Business Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.08 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.79%. Barrett Business Services’s dividend payout ratio is 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.