Mawer Investment Management Ltd. Reduces Stake in TriNet Group, Inc. (NYSE:TNET)

Mawer Investment Management Ltd. reduced its holdings in TriNet Group, Inc. (NYSE:TNET - Free Report) by 7.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,653,597 shares of the business services provider's stock after selling 273,208 shares during the period. TriNet Group comprises 1.6% of Mawer Investment Management Ltd.'s holdings, making the stock its 20th largest position. Mawer Investment Management Ltd. owned about 7.37% of TriNet Group worth $354,289,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wedge Capital Management L L P NC boosted its holdings in TriNet Group by 14.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 163,600 shares of the business services provider's stock worth $16,360,000 after buying an additional 20,680 shares during the last quarter. Boston Partners boosted its stake in shares of TriNet Group by 20.8% in the first quarter. Boston Partners now owns 108,157 shares of the business services provider's stock worth $14,319,000 after acquiring an additional 18,586 shares during the last quarter. US Bancorp DE increased its position in shares of TriNet Group by 9,893.1% during the third quarter. US Bancorp DE now owns 7,195 shares of the business services provider's stock worth $698,000 after purchasing an additional 7,123 shares in the last quarter. Summit Global Investments purchased a new stake in shares of TriNet Group during the third quarter worth approximately $605,000. Finally, Harbor Capital Advisors Inc. raised its stake in TriNet Group by 276.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,439 shares of the business services provider's stock valued at $944,000 after purchasing an additional 6,933 shares during the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. TD Cowen dropped their target price on shares of TriNet Group from $110.00 to $92.00 and set a "buy" rating for the company in a report on Monday, October 28th. Needham & Company LLC cut shares of TriNet Group from a "buy" rating to a "hold" rating and set a $140.00 price objective for the company. in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. reissued an "underweight" rating and issued a $103.00 target price on shares of TriNet Group in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $114.00.

Insider Buying and Selling

In related news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total transaction of $32,336.25. Following the transaction, the director now owns 37,591 shares of the company's stock, valued at approximately $3,241,471.93. This represents a 0.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $102.96, for a total transaction of $482,161.68. Following the sale, the chief financial officer now directly owns 82,409 shares in the company, valued at $8,484,830.64. This represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by corporate insiders.

TriNet Group Trading Down 4.2 %

Shares of TNET stock traded down $3.82 during trading on Monday, hitting $87.89. 451,914 shares of the stock traded hands, compared to its average volume of 301,187. The firm has a market capitalization of $4.36 billion, a P/E ratio of 17.65 and a beta of 1.20. TriNet Group, Inc. has a 52-week low of $74.32 and a 52-week high of $134.67. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07. The firm's fifty day moving average price is $93.81 and its 200-day moving average price is $99.16.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Tuesday, October 1st. TriNet Group's dividend payout ratio (DPR) is 19.27%.

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.