Bank of Montreal Can Purchases 300 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Bank of Montreal Can increased its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 36.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,126 shares of the business services provider’s stock after buying an additional 300 shares during the quarter. Bank of Montreal Can’s holdings in Barrett Business Services were worth $102,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. FMR LLC grew its stake in Barrett Business Services by 13.7% in the first quarter. FMR LLC now owns 173,432 shares of the business services provider’s stock valued at $13,411,000 after purchasing an additional 20,901 shares in the last quarter. Millennium Management LLC bought a new position in Barrett Business Services in the third quarter valued at approximately $1,771,000. First Trust Advisors LP bought a new position in Barrett Business Services in the third quarter valued at approximately $1,505,000. State Street Corp grew its stake in Barrett Business Services by 3.4% in the fourth quarter. State Street Corp now owns 172,204 shares of the business services provider’s stock valued at $15,578,000 after purchasing an additional 5,630 shares in the last quarter. Finally, Dupont Capital Management Corp grew its stake in Barrett Business Services by 85.7% in the fourth quarter. Dupont Capital Management Corp now owns 8,596 shares of the business services provider’s stock valued at $778,000 after purchasing an additional 3,968 shares in the last quarter. Institutional investors and hedge funds own 80.73% of the company’s stock.

In related news, Director Thomas J. Carley sold 2,750 shares of Barrett Business Services stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $90.02, for a total transaction of $247,555.00. Following the completion of the sale, the director now directly owns 25,614 shares of the company’s stock, valued at approximately $2,305,772.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Thomas J. Carley sold 3,750 shares of Barrett Business Services stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $88.62, for a total value of $332,325.00. Following the sale, the director now directly owns 25,614 shares of the company’s stock, valued at $2,269,912.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,969 shares of company stock valued at $676,816. 6.80% of the stock is currently owned by insiders.

NASDAQ:BBSI opened at $34.47 on Thursday. The stock has a market cap of $267.72 million, a P/E ratio of 5.69, a PEG ratio of 0.48 and a beta of 1.21. The stock has a 50 day simple moving average of $63.11 and a 200 day simple moving average of $82.07. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.13. Barrett Business Services, Inc. has a 1-year low of $27.25 and a 1-year high of $95.64.

Barrett Business Services (NASDAQ:BBSI) last released its quarterly earnings results on Tuesday, February 25th. The business services provider reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.23. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Barrett Business Services had a return on equity of 32.78% and a net margin of 5.12%. As a group, sell-side analysts forecast that Barrett Business Services, Inc. will post 5.34 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, March 12th. This represents a $1.20 annualized dividend and a yield of 3.48%. Barrett Business Services’s payout ratio is currently 19.14%.

A number of analysts have recently issued reports on the company. ValuEngine cut Barrett Business Services from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Barrington Research reaffirmed a “buy” rating and issued a $102.00 price objective on shares of Barrett Business Services in a research report on Thursday, February 27th. BidaskClub cut Barrett Business Services from a “sell” rating to a “strong sell” rating in a research report on Friday, February 14th. TheStreet cut Barrett Business Services from a “b-” rating to a “c+” rating in a research report on Monday, March 16th. Finally, Zacks Investment Research cut Barrett Business Services from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Three analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Barrett Business Services presently has a consensus rating of “Hold” and an average target price of $104.75.

Barrett Business Services Profile

Barrett Business Services, Inc provides business management solutions for small and mid-sized companies in the United States. It develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. The company offers professional employer services under which it enters into a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workers' compensation coverage, and other administration functions for the client's existing workforce.

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

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