Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Bought by American Century Companies Inc.

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American Century Companies Inc. raised its stake in Barrett Business Services, Inc. (NASDAQ:BBSI) by 627.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,335 shares of the business services provider’s stock after buying an additional 27,890 shares during the period. American Century Companies Inc. owned approximately 0.44% of Barrett Business Services worth $3,123,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its stake in shares of Barrett Business Services by 34.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 107,840 shares of the business services provider’s stock worth $10,415,000 after acquiring an additional 27,842 shares during the period. Convergence Investment Partners LLC acquired a new stake in shares of Barrett Business Services in the 2nd quarter worth approximately $1,124,000. Strs Ohio lifted its stake in shares of Barrett Business Services by 6.5% in the 2nd quarter. Strs Ohio now owns 9,800 shares of the business services provider’s stock worth $946,000 after acquiring an additional 600 shares during the period. Mackay Shields LLC lifted its stake in shares of Barrett Business Services by 14.6% in the 2nd quarter. Mackay Shields LLC now owns 51,131 shares of the business services provider’s stock worth $4,937,000 after acquiring an additional 6,500 shares during the period. Finally, AlphaMark Advisors LLC acquired a new stake in shares of Barrett Business Services in the 2nd quarter worth approximately $483,000. 81.20% of the stock is owned by institutional investors.

Shares of NASDAQ BBSI traded up $0.52 during midday trading on Friday, reaching $65.79. The company’s stock had a trading volume of 38,386 shares, compared to its average volume of 47,298. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.93 and a quick ratio of 0.93. Barrett Business Services, Inc. has a one year low of $52.85 and a one year high of $98.76. The company has a market capitalization of $491.50 million, a P/E ratio of 18.81 and a beta of 0.65.

Barrett Business Services (NASDAQ:BBSI) last released its earnings results on Tuesday, August 7th. The business services provider reported $1.46 EPS for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.26). Barrett Business Services had a return on equity of 33.22% and a net margin of 2.91%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.42 billion. analysts anticipate that Barrett Business Services, Inc. will post 4.27 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 7th. Stockholders of record on Friday, August 24th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, August 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.52%. Barrett Business Services’s dividend payout ratio is currently 30.03%.

A number of brokerages have recently weighed in on BBSI. Zacks Investment Research lowered shares of Barrett Business Services from a “hold” rating to a “sell” rating in a research note on Friday, August 10th. BidaskClub upgraded shares of Barrett Business Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 19th. Finally, ValuEngine downgraded shares of Barrett Business Services from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th.

Barrett Business Services Company Profile

Barrett Business Services, Inc provides business management solutions for small and medium-sized companies in the United States. The company has management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.

Further Reading: Penny Stocks, Risk and Reward Factors

Institutional Ownership by Quarter for Barrett Business Services (NASDAQ:BBSI)

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