Boston Partners Has $8.29 Million Stock Position in TriNet Group, Inc. (NYSE:TNET)

Boston Partners increased its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 91,366 shares of the business services provider's stock after buying an additional 5,419 shares during the quarter. Boston Partners owned about 0.18% of TriNet Group worth $8,293,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TNET. William Blair Investment Management LLC acquired a new position in TriNet Group in the 4th quarter valued at about $15,875,000. Cibc World Markets Corp acquired a new position in shares of TriNet Group during the fourth quarter worth $271,000. Wealthfront Advisers LLC purchased a new position in shares of TriNet Group in the 4th quarter valued at about $456,581,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in TriNet Group by 11.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,442 shares of the business services provider's stock worth $766,000 after purchasing an additional 872 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in TriNet Group by 118.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider's stock valued at $131,000 after purchasing an additional 785 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company's stock.

TriNet Group Stock Performance

NYSE:TNET traded down $1.22 during trading hours on Tuesday, reaching $78.51. 382,894 shares of the company's stock were exchanged, compared to its average volume of 340,187. TriNet Group, Inc. has a 1-year low of $65.43 and a 1-year high of $134.67. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 22.96 and a beta of 1.26. The company has a 50-day moving average of $82.44 and a 200 day moving average of $89.22.

TriNet Group (NYSE:TNET - Get Free Report) last announced its earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $252.00 million during the quarter, compared to the consensus estimate of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. Research analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.275 per share. The ex-dividend date is Tuesday, April 1st. This is an increase from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 1.40%. TriNet Group's dividend payout ratio (DPR) is currently 32.16%.

Analysts Set New Price Targets

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

Insider Activity at TriNet Group

In other news, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $41,616.00. Following the completion of the sale, the director now directly owns 36,991 shares in the company, valued at approximately $2,565,695.76. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the firm'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 completion of the transaction, the chief technology officer now directly owns 19,867 shares of the company's stock, valued at $1,377,975.12. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,748 shares of company stock worth $833,436 in the last three months. Insiders own 37.10% of the company's stock.

TriNet Group Company 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.