Teacher Retirement System of Texas Acquires 22,695 Shares of TriNet Group, Inc. (NYSE:TNET)

Teacher Retirement System of Texas boosted its holdings in TriNet Group, Inc. (NYSE:TNET - Free Report) by 374.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,753 shares of the business services provider's stock after buying an additional 22,695 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.06% of TriNet Group worth $2,610,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Intech Investment Management LLC bought a new position in TriNet Group during the 3rd quarter worth $817,000. Dynamic Technology Lab Private Ltd raised its position in shares of TriNet Group by 19.0% during the third quarter. Dynamic Technology Lab Private Ltd now owns 13,902 shares of the business services provider's stock worth $1,348,000 after acquiring an additional 2,221 shares during the last quarter. FMR LLC lifted its stake in shares of TriNet Group by 38.5% in the third quarter. FMR LLC now owns 9,017 shares of the business services provider's stock worth $874,000 after acquiring an additional 2,506 shares during the period. Blueshift Asset Management LLC acquired a new position in shares of TriNet Group in the third quarter worth approximately $462,000. Finally, FORA Capital LLC bought a new stake in TriNet Group in the third quarter valued at approximately $441,000. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Trading Down 2.3 %

TNET traded down $1.86 during trading on Friday, hitting $79.04. The company's stock had a trading volume of 236,500 shares, compared to its average volume of 364,439. The firm has a market capitalization of $3.91 billion, a P/E ratio of 23.11 and a beta of 1.26. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $134.67. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. The stock's fifty day moving average price is $81.44 and its 200-day moving average price is $88.80.

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

TriNet Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.39%. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, April 1st. TriNet Group's payout ratio is presently 32.16%.

Insider Buying and Selling

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of the firm'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 $41,616.00. Following the transaction, the director now directly owns 36,991 shares in the company, valued at approximately $2,565,695.76. This trade 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 TriNet Group 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 transaction, the chief technology officer now directly owns 19,867 shares in the company, valued at $1,377,975.12. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,748 shares of company stock valued at $833,436. 37.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.