Capital World Investors bought a new position in shares of Barrett Business Services, Inc. (NASDAQ:BBSI) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 309,200 shares of the business services provider’s stock, valued at approximately $17,714,000. Capital World Investors owned 4.24% of Barrett Business Services at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BBSI. Bank of New York Mellon Corp increased its holdings in shares of Barrett Business Services by 2.4% during the first quarter. Bank of New York Mellon Corp now owns 52,647 shares of the business services provider’s stock worth $2,876,000 after purchasing an additional 1,211 shares during the period. Prudential Financial Inc. increased its holdings in shares of Barrett Business Services by 241.3% during the first quarter. Prudential Financial Inc. now owns 35,628 shares of the business services provider’s stock worth $1,946,000 after purchasing an additional 25,190 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Barrett Business Services during the first quarter worth approximately $207,000. American International Group Inc. increased its holdings in shares of Barrett Business Services by 7.1% during the first quarter. American International Group Inc. now owns 4,347 shares of the business services provider’s stock worth $237,000 after purchasing an additional 290 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. increased its holdings in shares of Barrett Business Services by 111.2% during the first quarter. Cornerstone Capital Management Holdings LLC. now owns 25,131 shares of the business services provider’s stock worth $1,371,000 after purchasing an additional 13,231 shares during the period. 73.62% of the stock is currently owned by institutional investors.

Barrett Business Services, Inc. (NASDAQ:BBSI) opened at 57.47 on Tuesday. Barrett Business Services, Inc. has a one year low of $42.59 and a one year high of $66.93. The stock’s 50 day moving average is $53.61 and its 200 day moving average is $55.52. The company has a market capitalization of $419.24 million, a PE ratio of 23.15 and a beta of 1.37.

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

BBSI has been the topic of several recent research reports. ValuEngine raised shares of Barrett Business Services from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub cut shares of Barrett Business Services from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, TheStreet raised shares of Barrett Business Services from a “c” rating to a “b-” rating in a report on Wednesday, August 9th.

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Barrett Business Services Profile

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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