State of New Jersey Common Pension Fund D Has $2.14 Million Stake in TriNet Group, Inc. (NYSE:TNET)

State of New Jersey Common Pension Fund D increased its position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,576 shares of the business services provider's stock after acquiring an additional 3,952 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in TriNet Group were worth $2,140,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. TD Private Client Wealth LLC raised its holdings in TriNet Group by 25.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider's stock worth $58,000 after purchasing an additional 121 shares during the last quarter. KBC Group NV boosted its stake in TriNet Group by 26.5% in the third quarter. KBC Group NV now owns 950 shares of the business services provider's stock valued at $92,000 after acquiring an additional 199 shares during the last quarter. Avion Wealth grew its holdings in TriNet Group by 14.9% during the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock worth $98,000 after acquiring an additional 140 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of TriNet Group during the 4th quarter valued at $230,000. Finally, Quadrature Capital Ltd acquired a new position in shares of TriNet Group in the 3rd quarter valued at $275,000. Institutional investors and hedge funds own 96.81% of the company's stock.

TriNet Group Trading Up 4.0 %

Shares of TNET stock traded up $2.75 on Tuesday, hitting $71.78. The stock had a trading volume of 1,168,470 shares, compared to its average volume of 398,832. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $134.67. The company has a fifty day moving average price of $88.52 and a two-hundred day moving average price of $92.49. The firm has a market cap of $3.56 billion, a P/E ratio of 20.99 and a beta of 1.21. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16.

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

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.39%. The ex-dividend date was Thursday, January 2nd. TriNet Group's dividend payout ratio is 29.24%.

Insider Activity

In related news, CTO Jeffery Jon Hayward sold 7,784 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $89.57, for a total transaction of $697,212.88. Following the completion of the transaction, the chief technology officer now owns 21,769 shares in the company, valued at approximately $1,949,849.33. This represents a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 37.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. TD Cowen cut TriNet Group from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $104.00 to $74.00 in a research note on Tuesday, February 18th. Needham & Company LLC restated a "hold" rating on shares of TriNet Group in a research report on Friday, February 14th.

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.