GW&K Investment Management LLC Sells 5,300 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

GW&K Investment Management LLC reduced its stake in Barrett Business Services, Inc. (NASDAQ:BBSI) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,150 shares of the business services provider’s stock after selling 5,300 shares during the quarter. GW&K Investment Management LLC owned about 1.74% of Barrett Business Services worth $13,334,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. acquired a new stake in Barrett Business Services in the 4th quarter worth about $2,399,000. Equitable Trust Co. grew its position in Barrett Business Services by 10.1% during the fourth quarter. Equitable Trust Co. now owns 10,010 shares of the business services provider’s stock worth $1,159,000 after buying an additional 920 shares in the last quarter. Barclays PLC increased its stake in Barrett Business Services by 34.0% during the 3rd quarter. Barclays PLC now owns 6,362 shares of the business services provider’s stock worth $573,000 after acquiring an additional 1,614 shares during the period. FMR LLC raised its holdings in Barrett Business Services by 4.3% in the 3rd quarter. FMR LLC now owns 315,370 shares of the business services provider’s stock valued at $28,459,000 after acquiring an additional 12,997 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Barrett Business Services by 120,000.0% during the 4th quarter. CWM LLC now owns 1,201 shares of the business services provider’s stock valued at $139,000 after acquiring an additional 1,200 shares during the period. Institutional investors own 86.76% of the company’s stock.

Barrett Business Services Stock Down 0.0 %

Shares of BBSI traded down $0.05 during midday trading on Wednesday, hitting $124.86. The company’s stock had a trading volume of 47,452 shares, compared to its average volume of 29,676. Barrett Business Services, Inc. has a one year low of $82.43 and a one year high of $130.00. The stock has a market capitalization of $816.58 million, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 1.12 and a beta of 1.37. The company’s fifty day simple moving average is $123.16 and its two-hundred day simple moving average is $116.42.

Barrett Business Services (NASDAQ:BBSI) last released its quarterly earnings data on Wednesday, May 1st. The business services provider reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.29. The business 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 period last year, the firm posted $0.12 earnings per share. On average, research analysts predict that Barrett Business Services, Inc. will post 7.95 earnings per share for the current year.

Barrett Business Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Thursday, May 16th. Barrett Business Services’s dividend payout ratio is 16.46%.

Wall Street Analysts Forecast Growth

BBSI has been the subject of a number of analyst reports. StockNews.com raised Barrett Business Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Barrington Research restated an “outperform” rating and issued a $141.00 target price on shares of Barrett Business Services in a research report on Thursday, May 2nd.

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.