Wells Fargo & Company MN Acquires 4,008 Shares of Barrett Business Services, Inc. (NASDAQ:BBSI)

Wells Fargo & Company MN increased its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI) by 33.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,942 shares of the business services provider’s stock after purchasing an additional 4,008 shares during the quarter. Wells Fargo & Company MN owned approximately 0.06% of Barrett Business Services worth $693,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BBSI. Thrivent Financial for Lutherans increased its position in Barrett Business Services by 272.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,631,644 shares of the business services provider’s stock valued at $70,879,000 after purchasing an additional 1,193,839 shares during the period. Mawer Investment Management Ltd. lifted its position in shares of Barrett Business Services by 15.1% in the 4th quarter. Mawer Investment Management Ltd. now owns 2,110,550 shares of the business services provider’s stock worth $91,682,000 after purchasing an additional 276,098 shares during the period. Norges Bank bought a new stake in shares of Barrett Business Services in the 4th quarter valued at $3,849,000. JPMorgan Chase & Co. increased its position in shares of Barrett Business Services by 19.3% during the third quarter. JPMorgan Chase & Co. now owns 546,510 shares of the business services provider’s stock worth $20,500,000 after buying an additional 88,350 shares during the period. Finally, Tieton Capital Management LLC raised its stake in Barrett Business Services by 23.2% during the fourth quarter. Tieton Capital Management LLC now owns 251,628 shares of the business services provider’s stock worth $10,931,000 after buying an additional 47,447 shares during the last quarter. Institutional investors own 86.76% of the company’s stock.

Barrett Business Services Stock Up 0.5 %

Barrett Business Services stock opened at $40.78 on Friday. The company has a market capitalization of $1.05 billion, a PE ratio of 21.52, a PEG ratio of 1.21 and a beta of 1.09. Barrett Business Services, Inc. has a 12-month low of $28.42 and a 12-month high of $44.97. The firm’s fifty day moving average is $40.22 and its 200 day moving average is $41.24.

Barrett Business Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, March 14th. This represents a $0.32 annualized dividend and a dividend yield of 0.78%. Barrett Business Services’s dividend payout ratio is currently 16.08%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BBSI shares. StockNews.com raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. 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.

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.