American Century Companies Inc. Has $17.56 Million Stock Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

American Century Companies Inc. raised its stake in Barrett Business Services, Inc. (NASDAQ:BBSI) by 155.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 535,896 shares of the business services provider’s stock after purchasing an additional 326,502 shares during the period. American Century Companies Inc.’s holdings in Barrett Business Services were worth $17,561,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Barrett Business Services by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 84,945 shares of the business services provider’s stock worth $9,837,000 after acquiring an additional 1,252 shares during the period. Principal Financial Group Inc. boosted its stake in Barrett Business Services by 28.4% in the 4th quarter. Principal Financial Group Inc. now owns 3,961 shares of the business services provider’s stock valued at $459,000 after purchasing an additional 875 shares during the period. Janney Montgomery Scott LLC acquired a new position in Barrett Business Services in the 4th quarter valued at $563,000. Panagora Asset Management Inc. increased its position in Barrett Business Services by 48.1% during the 4th quarter. Panagora Asset Management Inc. now owns 7,579 shares of the business services provider’s stock worth $878,000 after buying an additional 2,463 shares during the period. Finally, Trexquant Investment LP lifted its holdings in shares of Barrett Business Services by 53.4% during the fourth quarter. Trexquant Investment LP now owns 3,616 shares of the business services provider’s stock worth $419,000 after buying an additional 1,259 shares in the last quarter. 86.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barrington Research upped their price target on shares of Barrett Business Services from $35.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. StockNews.com cut shares of Barrett Business Services from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 29th. Sidoti cut Barrett Business Services from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a research note on Wednesday, June 5th. Finally, Roth Mkm raised their price objective on Barrett Business Services from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st.

Insider Activity at Barrett Business Services

In other Barrett Business Services news, CEO Gary Kramer sold 34,288 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $35.05, for a total transaction of $1,201,794.40. Following the completion of the transaction, the chief executive officer now owns 242,543 shares of the company’s stock, valued at $8,501,132.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 35,133 shares of company stock valued at $1,231,357 over the last ninety days. 3.70% of the stock is owned by corporate insiders.

Barrett Business Services Stock Down 1.3 %

Shares of Barrett Business Services stock opened at $37.16 on Monday. The firm’s 50-day moving average price is $35.54 and its two-hundred day moving average price is $32.96. The company has a market capitalization of $972.37 million, a price-to-earnings ratio of 20.42, a PEG ratio of 1.20 and a beta of 1.38. Barrett Business Services, Inc. has a 12-month low of $21.59 and a 12-month high of $37.81.

Barrett Business Services (NASDAQ:BBSI) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.04. The business had revenue of $279.60 million for the quarter, compared to analysts’ expectations of $273.13 million. Barrett Business Services had a net margin of 4.50% and a return on equity of 25.69%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. On average, sell-side analysts expect that Barrett Business Services, Inc. will post 1.99 earnings per share for the current year.

Barrett Business Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.08 per share. This is an increase from Barrett Business Services’s previous quarterly dividend of $0.08. This represents a $0.32 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Friday, August 16th. Barrett Business Services’s dividend payout ratio is currently 17.58%.

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.