Barrett Business Services, Inc. (NASDAQ:BBSI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its position in Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 249,542 shares of the business services provider's stock after selling 32,030 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.96% of Barrett Business Services worth $10,840,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Barrett Business Services by 29.7% during the 3rd quarter. Principal Financial Group Inc. now owns 17,300 shares of the business services provider's stock worth $649,000 after buying an additional 3,960 shares in the last quarter. Pathstone Holdings LLC raised its position in Barrett Business Services by 3.1% in the third quarter. Pathstone Holdings LLC now owns 53,174 shares of the business services provider's stock worth $1,995,000 after acquiring an additional 1,595 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Barrett Business Services during the 3rd quarter worth $34,000. Quantbot Technologies LP acquired a new position in shares of Barrett Business Services during the 3rd quarter worth $77,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Barrett Business Services by 5.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,310 shares of the business services provider's stock valued at $462,000 after purchasing an additional 679 shares in the last quarter. 86.76% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

BBSI has been the topic of several recent analyst reports. Barrington Research restated an "outperform" rating and set a $45.00 target price on shares of Barrett Business Services in a research report on Wednesday, March 12th. StockNews.com upgraded Barrett Business Services from a "hold" rating to a "buy" rating in a report on Friday, March 7th.

Barrett Business Services Price Performance

BBSI traded up $0.33 during midday trading on Wednesday, reaching $41.62. 131,540 shares of the company's stock were exchanged, compared to its average volume of 129,352. Barrett Business Services, Inc. has a 1-year low of $28.42 and a 1-year high of $44.97. The stock has a market capitalization of $1.08 billion, a PE ratio of 21.96, a P/E/G ratio of 1.21 and a beta of 1.31. The business's 50-day moving average price is $41.69 and its 200 day moving average price is $40.60.

Barrett Business Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Friday, March 14th. Barrett Business Services's payout ratio is currently 16.08%.

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.