TriNet Group, Inc. (NYSE:TNET) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in TriNet Group, Inc. (NYSE:TNET - Free Report) by 1,131.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 302,947 shares of the business services provider's stock after purchasing an additional 278,338 shares during the quarter. American Century Companies Inc. owned 0.61% of TriNet Group worth $27,498,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TNET. FMR LLC increased its position in TriNet Group by 38.5% during the third quarter. FMR LLC now owns 9,017 shares of the business services provider's stock worth $874,000 after buying an additional 2,506 shares during the last quarter. FORA Capital LLC bought a new position in shares of TriNet Group in the third quarter worth $441,000. Captrust Financial Advisors increased its holdings in TriNet Group by 22.9% in the 3rd quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider's stock valued at $316,000 after buying an additional 608 shares during the period. Verition Fund Management LLC raised its position in TriNet Group by 75.5% during the third quarter. Verition Fund Management LLC now owns 7,535 shares of the business services provider's stock valued at $731,000 after purchasing an additional 3,241 shares in the last quarter. Finally, Point72 Hong Kong Ltd raised its holdings in shares of TriNet Group by 49.9% during the 3rd quarter. Point72 Hong Kong Ltd now owns 21,322 shares of the business services provider's stock worth $2,068,000 after buying an additional 7,095 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

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TriNet Group Stock Performance

Shares of TNET traded up $0.17 during mid-day trading on Wednesday, hitting $79.56. The stock had a trading volume of 275,065 shares, compared to its average volume of 365,447. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $3.94 billion, a P/E ratio of 23.26 and a beta of 1.26. TriNet Group, Inc. has a 52 week low of $65.43 and a 52 week high of $134.67. The business has a fifty day moving average price of $80.63 and a 200-day moving average price of $88.49.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $252.00 million for the quarter, compared to analyst estimates of $225.72 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. On average, equities research analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Tuesday, April 1st. This is an increase from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio is currently 32.16%.

Insider Transactions at TriNet Group

In other news, Director Paul Edward Chamberlain sold 600 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $41,616.00. Following the transaction, the director now owns 36,991 shares of the company's stock, valued at approximately $2,565,695.76. The trade was a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $94,607.04. Following the transaction, the chief technology officer now directly owns 19,867 shares in the company, valued at approximately $1,377,975.12. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,748 shares of company stock worth $833,436 over the last quarter. 37.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TNET. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research note on Thursday, March 13th. TD Cowen downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and dropped their price target for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th.

TriNet Group Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.