Capital Research Global Investors Boosts Position in TriNet Group, Inc. (NYSE:TNET)

Capital Research Global Investors boosted its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 98.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,822,839 shares of the business services provider's stock after purchasing an additional 1,398,573 shares during the period. Capital Research Global Investors owned about 5.69% of TriNet Group worth $256,229,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TNET. Dimensional Fund Advisors LP raised its position in shares of TriNet Group by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 828,410 shares of the business services provider's stock valued at $75,196,000 after purchasing an additional 22,114 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in TriNet Group by 18.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 12,597 shares of the business services provider's stock valued at $1,142,000 after acquiring an additional 2,000 shares during the period. XTX Topco Ltd purchased a new position in shares of TriNet Group in the fourth quarter valued at about $1,107,000. Mariner LLC lifted its position in shares of TriNet Group by 13.7% in the fourth quarter. Mariner LLC now owns 2,763 shares of the business services provider's stock valued at $251,000 after acquiring an additional 333 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of TriNet Group by 19.9% in the fourth quarter. Barclays PLC now owns 113,472 shares of the business services provider's stock worth $10,300,000 after acquiring an additional 18,823 shares during the period. Institutional investors own 96.81% of the company's stock.

Analyst Ratings Changes

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

TriNet Group Price Performance

TNET traded up $0.47 during trading hours on Thursday, hitting $77.30. The company's stock had a trading volume of 958,684 shares, compared to its average volume of 380,238. TriNet Group, Inc. has a 12 month low of $65.43 and a 12 month high of $129.37. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. The business's 50-day moving average price is $75.63 and its 200-day moving average price is $86.19. The stock has a market cap of $3.74 billion, a price-to-earnings ratio of 22.60 and a beta of 1.06.

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

TriNet Group Increases Dividend

The business also recently disclosed 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 1.42%. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, April 1st. TriNet Group's dividend payout ratio (DPR) is presently 32.16%.

Insider Transactions at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,364 shares of the firm's stock in a transaction dated 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 sale, the chief technology officer now owns 19,867 shares of the company's stock, valued at $1,377,975.12. This trade represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Edward Chamberlain sold 600 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 $41,616.00. Following the transaction, the director now directly owns 36,991 shares in the company, valued at approximately $2,565,695.76. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Company 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.