JPMorgan Chase & Co. lessened its stake in Barrett Business Services, Inc. (NASDAQ:BBSI) by 6.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 711,045 shares of the business services provider’s stock after selling 52,645 shares during the period. JPMorgan Chase & Co. owned about 9.81% of Barrett Business Services worth $40,735,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its stake in shares of Barrett Business Services by 12.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 31,497 shares of the business services provider’s stock worth $1,805,000 after buying an additional 3,452 shares during the last quarter. Ironwood Investment Management LLC increased its stake in shares of Barrett Business Services by 0.6% in the second quarter. Ironwood Investment Management LLC now owns 62,885 shares of the business services provider’s stock worth $3,603,000 after buying an additional 400 shares during the last quarter. First Quadrant L P CA bought a new stake in shares of Barrett Business Services in the second quarter worth $190,000. Goldman Sachs Group Inc. increased its stake in shares of Barrett Business Services by 11.9% in the first quarter. Goldman Sachs Group Inc. now owns 19,280 shares of the business services provider’s stock worth $1,053,000 after buying an additional 2,053 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its stake in shares of Barrett Business Services by 35.1% in the first quarter. Tudor Investment Corp ET AL now owns 18,103 shares of the business services provider’s stock worth $989,000 after buying an additional 4,706 shares during the last quarter. Institutional investors and hedge funds own 73.62% of the company’s stock.

Shares of Barrett Business Services, Inc. (NASDAQ BBSI) opened at 54.05 on Friday. Barrett Business Services, Inc. has a 52 week low of $42.59 and a 52 week high of $66.93. The company has a market cap of $394.29 million, a price-to-earnings ratio of 21.77 and a beta of 1.37. The company has a 50 day moving average of $52.30 and a 200-day moving average of $55.74.

Barrett Business Services (NASDAQ:BBSI) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $1.47 earnings per share for the quarter. The company had revenue of $1.30 billion during the quarter. Barrett Business Services had a return on equity of 33.55% and a net margin of 2.06%. On average, equities research analysts expect that Barrett Business Services, Inc. will post $3.43 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were paid a $0.25 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. Barrett Business Services’s payout ratio is 42.02%.

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A number of brokerages recently issued reports on BBSI. ValuEngine lowered shares of Barrett Business Services from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. TheStreet upgraded shares of Barrett Business Services from a “c” rating to a “b-” rating in a research note on Wednesday, August 9th. Finally, BidaskClub lowered shares of Barrett Business Services from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.

About Barrett Business Services

Barrett Business Services, Inc (BBSI) is a provider of business management solutions for small and mid-sized companies. The Company has developed a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.

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

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