TriNet Group, Inc. (NYSE:TNET) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 4.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 493,836 shares of the business services provider's stock after acquiring an additional 20,483 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.00% of TriNet Group worth $44,825,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its holdings in TriNet Group by 32.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider's stock valued at $156,018,000 after acquiring an additional 391,720 shares during the period. Wellington Management Group LLP boosted its stake in shares of TriNet Group by 16.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,321,737 shares of the business services provider's stock valued at $128,169,000 after buying an additional 184,186 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of TriNet Group by 41.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 550,404 shares of the business services provider's stock valued at $53,373,000 after buying an additional 162,578 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of TriNet Group by 11.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider's stock valued at $37,366,000 after buying an additional 39,351 shares during the period. Finally, Reinhart Partners LLC. boosted its stake in shares of TriNet Group by 0.5% in the 4th quarter. Reinhart Partners LLC. now owns 234,068 shares of the business services provider's stock valued at $21,246,000 after buying an additional 1,113 shares during the period. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, CTO Jeffery Jon Hayward sold 1,364 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 value of $94,607.04. Following the transaction, the chief technology officer now owns 19,867 shares of the company's stock, valued at approximately $1,377,975.12. The trade was a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of the business'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 completion of the transaction, the director now directly owns 36,991 shares in the company, valued at approximately $2,565,695.76. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,748 shares of company stock valued at $833,436 over the last quarter. Company insiders own 37.10% of the company's stock.

Analyst Ratings Changes

TNET has been the subject of several recent research reports. TD Cowen cut TriNet Group from a "buy" rating to a "hold" rating and decreased their price objective for the company from $104.00 to $74.00 in a research note on Tuesday, February 18th. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th.

TriNet Group Stock Up 2.4 %

Shares of NYSE TNET traded up $1.86 during midday trading on Tuesday, hitting $79.64. 497,858 shares of the company's stock were exchanged, compared to its average volume of 332,272. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $134.67. The company has a market cap of $3.94 billion, a PE ratio of 23.29 and a beta of 1.26. The firm's fifty day simple moving average is $83.61 and its 200-day simple moving average is $89.98.

TriNet Group (NYSE:TNET - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The company 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%. Research analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

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.