SCHEDULE: FMR LLC & Abigail Johnson Update BBSI Stake to 3.3%
Beneficial Ownership Amendment
FMR LLC and Abigail P. Johnson have filed an amendment to their Schedule 13G, disclosing a 3.3% beneficial ownership stake in Barrett Business Services common stock as of September 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson filed an Amendment No. 2 to Schedule 13G regarding their beneficial ownership of BARRETT BUSINESS SERVICES (BBSI) common stock.
- As of September 30, 2025, FMR LLC and Abigail P. Johnson beneficially own an aggregate of 857,986.39 shares of BBSI common stock.
- This ownership represents 3.3% of the total outstanding common stock of BARRETT BUSINESS SERVICES.
- FMR LLC holds sole voting power over 847,487.00 shares and sole dispositive power over 857,986.39 shares.
- Abigail P. Johnson holds sole dispositive power over 857,986.39 shares, with no sole or shared voting power directly attributed to her on the cover page.
- The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of BARRETT BUSINESS SERVICES.
- FMR LLC is classified as a parent holding company (HC), and Abigail P. Johnson is classified as an individual (IN).
- Subsidiaries of FMR LLC involved in beneficial ownership include FIAM LLC, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC.
Sentiment
Score: 5
Explanation: The filing is a standard Schedule 13G amendment disclosing beneficial ownership, which is a factual and regulatory requirement. It does not contain information that would inherently suggest a positive or negative sentiment towards the issuer's performance or prospects.
Future Outlook
This filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding the issuer's future performance or operations.
Industry Context
This filing represents a routine disclosure by a major institutional investor (FMR LLC, parent of Fidelity) regarding its passive ownership stake in a publicly traded company. Such filings are common for large asset managers and typically reflect portfolio management decisions rather than specific strategic moves related to the issuer's industry position. Barrett Business Services operates in the professional employer organization (PEO) and staffing industry.
Related Party Transactions
- The filing notes that members of the Johnson family, including Abigail P. Johnson, are the predominant owners of FMR LLC's Series B voting common shares (49% voting power) and have a shareholders' voting agreement, which may deem them to form a controlling group with respect to FMR LLC. This describes the internal control structure of the reporting entity, FMR LLC, rather than a transaction with the issuer, BARRETT BUSINESS SERVICES.
Stakeholder Impact
- The filing's primary impact is on shareholders and regulatory bodies, providing transparency regarding a significant institutional investor's stake.
- It confirms FMR LLC's continued, passive investment in Barrett Business Services, which may offer a degree of stability perception for existing shareholders.
- There is no direct impact on employees, customers, suppliers, or creditors mentioned.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC, authorizing Stephanie J. Brown to sign on its behalf. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where its Power of Attorney (Exhibit 24) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson, authorizing Stephanie J. Brown to sign on her behalf. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (Exhibit 24) was incorporated by reference. |
| 2025-09-30 | Date of event which requires filing of this statement, representing the reporting period end for beneficial ownership. |
| 2025-11-04 | Signature date of the Schedule 13G Amendment No. 2 by Stephanie J. Brown on behalf of FMR LLC and Abigail P. Johnson. |
Keywords
BARRETT BUSINESS SERVICES, BBSI, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Fidelity
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