Assenagon Asset Management S.A. reduced its position in Barrett Business Services, Inc. (NASDAQ:BBSI) by 87.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,802 shares of the business services provider’s stock after selling 59,519 shares during the period. Assenagon Asset Management S.A. owned approximately 0.12% of Barrett Business Services worth $504,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Barrett Business Services by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 554,715 shares of the business services provider’s stock valued at $37,043,000 after buying an additional 6,510 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Barrett Business Services by 11.6% in the 3rd quarter. Panagora Asset Management Inc. now owns 106,344 shares of the business services provider’s stock valued at $7,102,000 after buying an additional 11,021 shares during the last quarter. Foundry Partners LLC purchased a new position in Barrett Business Services in the 3rd quarter valued at about $5,185,000. BlackRock Inc. boosted its position in Barrett Business Services by 1.5% in the 3rd quarter. BlackRock Inc. now owns 483,833 shares of the business services provider’s stock valued at $32,311,000 after buying an additional 7,001 shares during the last quarter. Finally, Northern Trust Corp boosted its position in Barrett Business Services by 2.3% in the 2nd quarter. Northern Trust Corp now owns 175,632 shares of the business services provider’s stock valued at $16,960,000 after buying an additional 3,980 shares during the last quarter. 80.31% of the stock is owned by institutional investors.

Shares of BBSI stock opened at $64.44 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.04. Barrett Business Services, Inc. has a one year low of $53.10 and a one year high of $98.76. The stock has a market cap of $463.46 million, a PE ratio of 19.26 and a beta of 0.71.

Barrett Business Services (NASDAQ:BBSI) last issued its quarterly earnings results on Tuesday, November 6th. The business services provider reported $2.50 EPS for the quarter, topping the consensus estimate of $2.21 by $0.29. Barrett Business Services had a net margin of 3.34% and a return on equity of 36.31%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.46 billion. As a group, analysts anticipate that Barrett Business Services, Inc. will post 4.51 EPS for the current year.

In other news, Director Jon L. Justesen sold 1,235 shares of the stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $57.16, for a total transaction of $70,592.60. Following the transaction, the director now owns 15,236 shares of the company’s stock, valued at $870,889.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Gregory R. Vaughn sold 7,488 shares of the stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $71.33, for a total transaction of $534,119.04. The disclosure for this sale can be found here. Insiders have sold 16,778 shares of company stock worth $1,073,227 in the last ninety days. Corporate insiders own 6.60% of the company’s stock.

A number of research firms have weighed in on BBSI. Zacks Investment Research raised shares of Barrett Business Services from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Friday, February 1st. BidaskClub raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a research report on Thursday, November 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Barrett Business Services currently has an average rating of “Hold” and a consensus price target of $88.33.

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Barrett Business Services Company Profile

Barrett Business Services, Inc provides business management solutions for small and medium-sized companies in the United States. The company has management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry.

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

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