Mackenzie Financial Corp Boosts Stock Holdings in Barrett Business Services, Inc. (NASDAQ:BBSI)

Mackenzie Financial Corp boosted its position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) by 34.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,537 shares of the business services provider’s stock after buying an additional 915 shares during the period. Mackenzie Financial Corp owned 0.05% of Barrett Business Services worth $410,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Equitable Trust Co. boosted its holdings in shares of Barrett Business Services by 10.1% during the 4th quarter. Equitable Trust Co. now owns 10,010 shares of the business services provider’s stock worth $1,159,000 after purchasing an additional 920 shares during the last quarter. Arizona State Retirement System acquired a new position in shares of Barrett Business Services during the 4th quarter worth approximately $218,000. L. Roy Papp & Associates LLP acquired a new position in shares of Barrett Business Services during the 4th quarter worth approximately $245,000. Assenagon Asset Management S.A. acquired a new position in shares of Barrett Business Services during the 4th quarter worth approximately $2,399,000. Finally, Legato Capital Management LLC acquired a new position in shares of Barrett Business Services during the 4th quarter worth approximately $450,000. 86.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an “outperform” rating and issued a $141.00 price objective on shares of Barrett Business Services in a report on Monday, April 22nd.

Barrett Business Services Stock Performance

BBSI opened at $121.77 on Friday. Barrett Business Services, Inc. has a one year low of $76.22 and a one year high of $130.00. The stock has a market capitalization of $796.38 million, a PE ratio of 16.39, a P/E/G ratio of 1.13 and a beta of 1.35. The business’s 50 day moving average price is $120.79 and its 200 day moving average price is $112.22.

Barrett Business Services (NASDAQ:BBSI) last released its quarterly earnings data on Wednesday, February 28th. The business services provider reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.29. Barrett Business Services had a return on equity of 27.69% and a net margin of 4.73%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.02 billion. As a group, equities research analysts forecast that Barrett Business Services, Inc. will post 7.78 earnings per share for the current fiscal year.

Barrett Business Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, March 14th. Barrett Business Services’s dividend payout ratio (DPR) is 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.