Teacher Retirement System of Texas Has $8.52 Million Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

Teacher Retirement System of Texas cut its stake in shares of Barrett Business Services, Inc. (NASDAQ:BBSI - Free Report) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 196,047 shares of the business services provider's stock after selling 14,045 shares during the period. Teacher Retirement System of Texas owned 0.76% of Barrett Business Services worth $8,516,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in 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 purchasing an additional 3,960 shares during the last quarter. Pathstone Holdings LLC boosted its position in shares of 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 valued at $1,995,000 after acquiring an additional 1,595 shares during the period. Truvestments Capital LLC bought a new position in Barrett Business Services during the third quarter worth about $34,000. Quantbot Technologies LP bought a new position in Barrett Business Services during the third quarter worth about $77,000. Finally, BNP Paribas Financial Markets raised its stake in 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 worth $462,000 after purchasing an additional 679 shares in the last quarter. Institutional investors own 86.76% of the company's stock.

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Barrett Business Services Stock Up 0.5 %

Shares of BBSI stock traded up $0.19 during trading hours on Thursday, reaching $41.81. The company's stock had a trading volume of 99,963 shares, compared to its average volume of 129,429. Barrett Business Services, Inc. has a fifty-two week low of $28.42 and a fifty-two week high of $44.97. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 1.21 and a beta of 1.31. The firm's 50 day simple moving average is $41.66 and its 200-day simple moving average is $40.61.

Barrett Business Services Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. StockNews.com raised shares of Barrett Business Services from a "hold" rating to a "buy" rating in a report on Friday, March 7th. Barrington Research restated an "outperform" rating and issued a $45.00 price target on shares of Barrett Business Services in a research report on Wednesday, March 12th.

Barrett Business Services 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.