Point72 Asia Singapore Pte. Ltd. Has $222,000 Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

Point72 Asia Singapore Pte. Ltd. raised its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 919.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 6,777 shares of the business services provider’s stock after purchasing an additional 6,112 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Barrett Business Services were worth $222,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of BBSI. CWM LLC boosted its position in Barrett Business Services by 12,014.3% during the second quarter. CWM LLC now owns 848 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 841 shares during the last quarter. Amalgamated Bank boosted its position in shares of Barrett Business Services by 300.0% during the 2nd quarter. Amalgamated Bank now owns 936 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 702 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Barrett Business Services by 415.2% during the second quarter. Nisa Investment Advisors LLC now owns 2,906 shares of the business services provider’s stock worth $95,000 after purchasing an additional 2,342 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Barrett Business Services by 300.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,280 shares of the business services provider’s stock worth $107,000 after purchasing an additional 2,460 shares in the last quarter. Finally, Perkins Coie Trust Co acquired a new position in Barrett Business Services in the second quarter valued at approximately $118,000. 86.76% of the stock is owned by institutional investors.

Insider Activity at Barrett Business Services

In other Barrett Business Services news, CEO Gary Kramer sold 34,288 shares of Barrett Business Services stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $35.05, for a total transaction of $1,201,794.40. Following the transaction, the chief executive officer now directly owns 242,543 shares of the company’s stock, valued at approximately $8,501,132.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 35,133 shares of company stock valued at $1,231,357. 3.70% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on BBSI shares. Roth Mkm lifted their price objective on shares of Barrett Business Services from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Barrington Research upped their price objective on shares of Barrett Business Services from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Sidoti downgraded Barrett Business Services from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a research note on Wednesday, June 5th.

Barrett Business Services Trading Up 0.2 %

BBSI opened at $36.52 on Friday. Barrett Business Services, Inc. has a 1-year low of $21.59 and a 1-year high of $37.81. The company has a market cap of $955.62 million, a price-to-earnings ratio of 20.07, a PEG ratio of 1.23 and a beta of 1.38. The company’s fifty day moving average price is $35.72 and its two-hundred day moving average price is $33.10.

Barrett Business Services (NASDAQ:BBSI) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.62 earnings per share for the quarter, beating the consensus estimate 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 revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 EPS. As a group, equities analysts forecast that Barrett Business Services, Inc. will post 1.99 earnings per share for the current fiscal year.

Barrett Business Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.08 dividend. This is a positive change from Barrett Business Services’s previous quarterly dividend of $0.08. This represents a $0.32 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Friday, August 16th. Barrett Business Services’s dividend payout ratio is presently 17.58%.

About Barrett Business Services

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.