AJOVista LLC Takes Position in Barrett Business Services, Inc. (NASDAQ:BBSI)

AJOVista LLC purchased a new position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 233 shares of the business services provider’s stock, valued at approximately $27,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new stake in shares of Barrett Business Services in the 4th quarter valued at $2,399,000. FMR LLC boosted its stake in Barrett Business Services by 4.3% in the third quarter. FMR LLC now owns 315,370 shares of the business services provider’s stock valued at $28,459,000 after buying an additional 12,997 shares in the last quarter. Inspire Advisors LLC bought a new position in Barrett Business Services in the third quarter valued at about $677,000. Legato Capital Management LLC acquired a new position in Barrett Business Services during the fourth quarter worth about $450,000. Finally, New York State Common Retirement Fund lifted its holdings in shares of Barrett Business Services by 131.9% in the fourth quarter. New York State Common Retirement Fund now owns 6,585 shares of the business services provider’s stock worth $763,000 after acquiring an additional 3,745 shares during the last quarter. 86.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of Barrett Business Services from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 2nd. Barrington Research reaffirmed an “outperform” rating and set a $141.00 target price on shares of Barrett Business Services in a research note on Thursday, May 2nd.

Barrett Business Services Trading Down 0.1 %

Shares of BBSI opened at $123.21 on Tuesday. The firm’s fifty day simple moving average is $121.81 and its two-hundred day simple moving average is $113.72. Barrett Business Services, Inc. has a 12 month low of $77.43 and a 12 month high of $130.00. The stock has a market capitalization of $805.79 million, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 1.11 and a beta of 1.37.

Barrett Business Services (NASDAQ:BBSI) last announced its earnings results on Wednesday, May 1st. The business services provider reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.29. The company had revenue of $265.78 million for the quarter, compared to analyst estimates of $1.88 billion. Barrett Business Services had a return on equity of 26.58% and a net margin of 4.60%. During the same quarter in the prior year, the company earned $0.12 EPS. As a group, research analysts predict that Barrett Business Services, Inc. will post 7.95 EPS for the current fiscal year.

Barrett Business Services Dividend Announcement

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

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.