Harbor Capital Advisors Inc. Buys 10,207 Shares of TriNet Group, Inc. (NYSE:TNET)

Harbor Capital Advisors Inc. boosted its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 108.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,646 shares of the business services provider's stock after purchasing an additional 10,207 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in TriNet Group were worth $1,905,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TNET. BNP Paribas Financial Markets raised its position in TriNet Group by 23.2% in the 1st quarter. BNP Paribas Financial Markets now owns 43,952 shares of the business services provider's stock worth $5,823,000 after purchasing an additional 8,275 shares during the period. Jennison Associates LLC boosted its holdings in TriNet Group by 1.8% during the 1st quarter. Jennison Associates LLC now owns 5,663 shares of the business services provider's stock valued at $750,000 after acquiring an additional 99 shares during the period. Quantbot Technologies LP bought a new position in TriNet Group in the 1st quarter valued at $1,936,000. ProShare Advisors LLC increased its stake in TriNet Group by 8.5% in the first quarter. ProShare Advisors LLC now owns 5,755 shares of the business services provider's stock worth $762,000 after purchasing an additional 452 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of TriNet Group during the first quarter worth $581,000. 96.81% of the stock is owned by hedge funds and other institutional investors.

TriNet Group Stock Performance

Shares of TNET traded up $1.82 during midday trading on Tuesday, reaching $83.82. 407,622 shares of the stock were exchanged, compared to its average volume of 295,859. 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 company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 16.15 and a beta of 1.20. TriNet Group, Inc. has a twelve month low of $74.32 and a twelve month high of $134.67. The business's 50-day moving average price is $94.72 and its 200 day moving average price is $100.34.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 1st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend was Tuesday, October 1st. TriNet Group's dividend payout ratio is currently 19.27%.

Analyst Ratings Changes

Several research analysts recently issued reports on TNET shares. Needham & Company LLC cut TriNet Group from a "buy" rating to a "hold" rating and set a $140.00 price objective on the stock. in a research note on Monday, October 28th. TD Cowen decreased their price objective on shares of TriNet Group from $110.00 to $92.00 and set a "buy" rating for the company in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $103.00 target price on shares of TriNet Group in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, TriNet Group has an average rating of "Hold" and an average target price of $113.20.

Insider Activity

In other news, Director Paul Edward Chamberlain sold 375 shares of the firm's stock in a transaction dated 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO Kelly L. Tuminelli sold 4,683 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the sale, the chief financial officer now owns 82,409 shares of the company's stock, valued at approximately $8,484,830.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul Edward Chamberlain sold 375 shares of the business's 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 sale, the director now owns 37,591 shares in the company, valued at $3,241,471.93. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 37.10% of the company's stock.

About TriNet Group

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.