TriNet Group, Inc. (NYSE:TNET) Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 52.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,926 shares of the business services provider's stock after acquiring an additional 28,524 shares during the period. Sei Investments Co. owned approximately 0.17% of TriNet Group worth $7,527,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Wealthfront Advisers LLC acquired a new position in TriNet Group during the fourth quarter valued at $456,581,000. Wellington Management Group LLP boosted its stake in shares of TriNet Group by 16.2% in the third quarter. Wellington Management Group LLP now owns 1,321,737 shares of the business services provider's stock worth $128,169,000 after buying an additional 184,186 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in TriNet Group by 41.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 550,404 shares of the business services provider's stock worth $53,373,000 after acquiring an additional 162,578 shares during the period. Charles Schwab Investment Management Inc. raised its position in TriNet Group by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 493,836 shares of the business services provider's stock valued at $44,825,000 after acquiring an additional 20,483 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in TriNet Group by 11.4% in the third quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider's stock valued at $37,366,000 after acquiring an additional 39,351 shares during the period. 96.81% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, Director Paul Edward Chamberlain sold 600 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $41,616.00. Following the completion of the sale, the director now owns 36,991 shares of the company's stock, valued at approximately $2,565,695.76. This represents a 1.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $94,607.04. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,748 shares of company stock worth $833,436. 37.10% of the stock is owned by corporate insiders.

TriNet Group Price Performance

NYSE TNET traded down $3.59 on Friday, hitting $73.60. The company had a trading volume of 530,936 shares, compared to its average volume of 368,172. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The company's fifty day moving average price is $79.89 and its 200-day moving average price is $88.18. The company has a market capitalization of $3.65 billion, a PE ratio of 21.52 and a beta of 1.26. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $131.27.

TriNet Group (NYSE:TNET - Get Free Report) last released its earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. The business had revenue of $252.00 million during the quarter, compared to analysts' expectations of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. As a group, analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be paid a $0.275 dividend. The ex-dividend date is Tuesday, April 1st. 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 1.49%. TriNet Group's payout ratio is currently 32.16%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TNET. Needham & Company LLC reiterated a "hold" rating on shares of TriNet Group in a research note on Thursday, March 13th. TD Cowen lowered shares of TriNet Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from $104.00 to $74.00 in a research note on Tuesday, February 18th.

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.