Massachusetts Financial Services Co. MA Acquires 289,071 Shares of TriNet Group, Inc. (NYSE:TNET)

Massachusetts Financial Services Co. MA raised its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 18.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,898,005 shares of the business services provider's stock after buying an additional 289,071 shares during the quarter. Massachusetts Financial Services Co. MA owned about 3.83% of TriNet Group worth $172,282,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of TriNet Group by 38.5% in the 3rd 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. Captrust Financial Advisors grew its position in TriNet Group by 22.9% in the third quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider's stock worth $316,000 after acquiring an additional 608 shares in the last quarter. Verition Fund Management LLC increased its stake in TriNet Group by 75.5% in the third quarter. Verition Fund Management LLC now owns 7,535 shares of the business services provider's stock valued at $731,000 after acquiring an additional 3,241 shares during the last quarter. Royal London Asset Management Ltd. raised its position in TriNet Group by 1.2% during the third quarter. Royal London Asset Management Ltd. now owns 226,619 shares of the business services provider's stock valued at $21,919,000 after purchasing an additional 2,633 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in TriNet Group by 17.2% during the third quarter. Quantinno Capital Management LP now owns 3,118 shares of the business services provider's stock worth $302,000 after purchasing an additional 458 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction 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 sale, the director now owns 36,991 shares in the company, valued at $2,565,695.76. The trade was a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $94,607.04. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold 9,748 shares of company stock valued at $833,436 over the last ninety days. 37.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

TriNet Group Trading Up 7.2 %

TNET stock traded up $5.24 during trading on Wednesday, hitting $77.92. 619,180 shares of the company traded hands, compared to its average volume of 371,777. The company has a 50-day moving average of $77.98 and a 200-day moving average of $87.47. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. TriNet Group, Inc. has a 1 year low of $65.43 and a 1 year high of $131.27. The firm has a market capitalization of $3.86 billion, a PE ratio of 22.78 and a beta of 1.06.

TriNet Group (NYSE:TNET - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The firm had revenue of $252.00 million during the quarter, compared to analyst estimates of $225.72 million. Analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal 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 issued a dividend of $0.275 per share. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Tuesday, April 1st. TriNet Group's dividend payout ratio is currently 32.16%.

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.