Thrivent Financial for Lutherans Reduces $6M in Barrett Business Services, Inc. ($BBSI)
Key Points
- Thrivent Financial for Lutherans changed its Barrett Business Services, Inc. ($BBSI) stake by 9.6% last quarter, cutting to 1,707,295 shares worth $58.34 million.
- Wall Street's consensus rating on $BBSI is Buy and an average price target of $42.25.
- $BBSI last traded around $34.17.
Thrivent Financial for Lutherans trimmed its position in Barrett Business Services, Inc. ($BBSI) by 9.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,707,295 shares of Barrett Business Services, Inc. after selling 181,113 shares during the quarter. Thrivent Financial for Lutherans's holdings in Barrett Business Services, Inc. were worth $58.34 million as of its most recent filing.
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About Barrett Business Services, Inc.
Barrett Business Services, Inc. provides business management solutions for small and mid-sized companies in the United States. It develops a management platform that integrates a knowledge-based approach from the management consulting industry with tools from the human resource outsourcing industry. The company also offers professional employer services under which it enters into a client services agreement to establish a co-employment relationship with each client company, assuming responsibility for payroll, payroll taxes, workers compensation coverage, and other administration functions for the client's existing workforce. In addition, it provides staffing and recruiting services, such as on-demand or short-term staffing assignment, contract staffing, direct placement, and long-term or indefinite-term on-site management services. The company serves customers in various industries, including construction, waste management and remediation services, manufacturing, transportation and warehousing, health care, leisure and hospitality, retail, professional and advisory services, and wholesale trade industries. Barrett Business Services, Inc. was incorporated in 1965 and is headquartered in Vancouver, Washington.
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