Integrated Investment Consultants LLC Acquires 4,256 Shares of TriNet Group, Inc. (NYSE:TNET)

Integrated Investment Consultants LLC raised its position in TriNet Group, Inc. (NYSE:TNET - Free Report) by 142.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,237 shares of the business services provider's stock after buying an additional 4,256 shares during the quarter. Integrated Investment Consultants LLC's holdings in TriNet Group were worth $657,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC raised its stake in TriNet Group by 25.5% during the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider's stock worth $58,000 after acquiring an additional 121 shares in the last quarter. KBC Group NV increased its position in TriNet Group by 26.5% during the 3rd quarter. KBC Group NV now owns 950 shares of the business services provider's stock worth $92,000 after purchasing an additional 199 shares in the last quarter. Aristides Capital LLC bought a new position in TriNet Group in the 2nd quarter valued at approximately $258,000. Quadrature Capital Ltd acquired a new stake in TriNet Group in the third quarter valued at approximately $275,000. Finally, Orion Portfolio Solutions LLC grew its stake in shares of TriNet Group by 13.1% during the third quarter. Orion Portfolio Solutions LLC now owns 2,933 shares of the business services provider's stock worth $284,000 after buying an additional 339 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TNET shares. JPMorgan Chase & Co. restated an "underweight" rating and set a $103.00 price objective on shares of TriNet Group in a research report on Tuesday, October 22nd. TD Cowen upped their price objective on TriNet Group from $92.00 to $104.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Finally, Needham & Company LLC downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and set a $140.00 target price on the stock. in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, TriNet Group presently has an average rating of "Hold" and an average target price of $117.00.

TriNet Group Trading Down 1.9 %

TNET stock traded down $1.77 during trading on Friday, hitting $90.49. The company had a trading volume of 230,239 shares, compared to its average volume of 230,498. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 7.70. TriNet Group, Inc. has a one year low of $74.32 and a one year high of $134.67. The business has a 50-day moving average of $92.15 and a 200-day moving average of $95.49. The stock has a market cap of $4.49 billion, a PE ratio of 17.43 and a beta of 1.21.

TriNet Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, January 2nd. TriNet Group's dividend payout ratio is presently 19.27%.

Insider Buying and Selling

In other TriNet Group news, CTO Jeffery Jon Hayward sold 2,345 shares of the firm's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $93.03, for a total value of $218,155.35. Following the completion of the sale, the chief technology officer now owns 34,606 shares of the company's stock, valued at approximately $3,219,396.18. This trade represents a 6.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul Edward Chamberlain sold 375 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total value of $32,336.25. Following the transaction, the director now directly owns 37,591 shares in the company, valued at $3,241,471.93. The trade was a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,317 shares of company stock valued at $1,115,842 over the last quarter. Insiders own 37.10% of the company's stock.

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.