Public Employees Retirement System of Ohio Has $351,000 Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

Public Employees Retirement System of Ohio lessened its holdings in Barrett Business Services, Inc. (NASDAQ:BBSI) by 11.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,889 shares of the business services provider’s stock after selling 501 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.06% of Barrett Business Services worth $351,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Barrett Business Services by 5.1% in the 1st quarter. BlackRock Inc. now owns 564,551 shares of the business services provider’s stock valued at $43,735,000 after purchasing an additional 27,181 shares during the last quarter. Private Capital Management LLC boosted its stake in shares of Barrett Business Services by 7.3% in the 2nd quarter. Private Capital Management LLC now owns 347,666 shares of the business services provider’s stock valued at $30,316,000 after purchasing an additional 23,553 shares during the last quarter. FMR LLC boosted its stake in shares of Barrett Business Services by 4.3% in the 3rd quarter. FMR LLC now owns 315,370 shares of the business services provider’s stock valued at $28,459,000 after purchasing an additional 12,997 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Barrett Business Services by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 253,183 shares of the business services provider’s stock valued at $19,614,000 after purchasing an additional 4,364 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Barrett Business Services by 16.1% in the first quarter. Renaissance Technologies LLC now owns 252,800 shares of the business services provider’s stock valued at $22,408,000 after purchasing an additional 35,000 shares in the last quarter. Institutional investors own 86.76% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $141.00 target price on shares of Barrett Business Services in a research note on Thursday, February 29th.

Barrett Business Services Stock Performance

Shares of NASDAQ:BBSI opened at $125.62 on Thursday. Barrett Business Services, Inc. has a 52 week low of $76.22 and a 52 week high of $130.00. The company has a market capitalization of $825.32 million, a PE ratio of 16.91, a PEG ratio of 1.15 and a beta of 1.35. The company has a 50 day moving average price of $116.50 and a two-hundred day moving average price of $107.63.

Barrett Business Services (NASDAQ:BBSI) last released its quarterly earnings results on Wednesday, February 28th. The business services provider reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.29. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.02 billion. Barrett Business Services had a net margin of 4.73% and a return on equity of 27.69%. On average, sell-side analysts forecast that Barrett Business Services, Inc. will post 7.78 earnings per share for the current year.

Barrett Business Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, March 14th. Barrett Business Services’s dividend payout ratio (DPR) is presently 16.15%.

About Barrett Business Services

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.