TriNet Group, Inc. (NYSE:TNET) Holdings Lifted by Barclays PLC

Barclays PLC increased its holdings in TriNet Group, Inc. (NYSE:TNET - Free Report) by 19.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,472 shares of the business services provider's stock after acquiring an additional 18,823 shares during the period. Barclays PLC owned about 0.23% of TriNet Group worth $10,300,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TNET. IFP Advisors Inc lifted its position in shares of TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock worth $71,000 after purchasing an additional 240 shares in the last quarter. Avion Wealth boosted its stake in shares of TriNet Group by 14.9% during the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock valued at $98,000 after buying an additional 140 shares during the period. KBC Group NV grew its holdings in shares of TriNet Group by 43.7% during the 4th quarter. KBC Group NV now owns 1,365 shares of the business services provider's stock valued at $124,000 after acquiring an additional 415 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of TriNet Group by 118.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider's stock valued at $131,000 after acquiring an additional 785 shares in the last quarter. Finally, Xponance Inc. increased its stake in shares of TriNet Group by 17.8% in the fourth quarter. Xponance Inc. now owns 2,456 shares of the business services provider's stock worth $223,000 after acquiring an additional 371 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,364 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $94,607.04. Following the completion of the sale, the chief technology officer now directly owns 19,867 shares of the company's stock, valued at $1,377,975.12. This represents a 6.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Edward Chamberlain sold 600 shares of the business's stock in a transaction dated 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 owns 36,991 shares in the company, valued at approximately $2,565,695.76. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on TNET. TD Cowen downgraded TriNet Group from a "buy" rating to a "hold" rating and lowered their target price for the company 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 report on Thursday, March 13th.

TriNet Group Trading Up 2.3 %

TriNet Group stock opened at $76.02 on Wednesday. TriNet Group, Inc. has a one year low of $65.43 and a one year high of $130.69. The company's fifty day moving average price is $75.64 and its two-hundred day moving average price is $86.26. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 22.23 and a beta of 1.06. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07.

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 for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. The business had revenue of $252.00 million for the quarter, compared to the consensus estimate of $225.72 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. On average, analysts forecast that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.275 per share. This is an increase from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, April 1st. TriNet Group's dividend payout ratio is currently 32.16%.

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.

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