TriNet Group, Inc. (NYSE:TNET) Holdings Increased by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP lifted its holdings in TriNet Group, Inc. (NYSE:TNET - Free Report) by 30.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,982 shares of the business services provider's stock after acquiring an additional 17,349 shares during the period. TriNet Group makes up approximately 1.6% of Advantage Alpha Capital Partners LP's portfolio, making the stock its 10th biggest position. Advantage Alpha Capital Partners LP owned approximately 0.15% of TriNet Group worth $7,174,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TNET. Vanguard Group Inc. lifted its position in shares of TriNet Group by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,838,347 shares of the business services provider's stock valued at $376,053,000 after acquiring an additional 52,240 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of TriNet Group by 32.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider's stock valued at $156,018,000 after purchasing an additional 391,720 shares during the period. Earnest Partners LLC boosted its position in shares of TriNet Group by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 915,043 shares of the business services provider's stock worth $91,504,000 after purchasing an additional 16,708 shares in the last quarter. Dimensional Fund Advisors LP increased its position in TriNet Group by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 823,019 shares of the business services provider's stock valued at $82,304,000 after buying an additional 9,386 shares in the last quarter. Finally, Emerald Advisers LLC boosted its holdings in TriNet Group by 1.1% in the third quarter. Emerald Advisers LLC now owns 252,819 shares of the business services provider's stock worth $24,516,000 after acquiring an additional 2,651 shares in the last quarter. Institutional investors own 96.81% of the company's stock.

TriNet Group Stock Performance

NYSE TNET traded down $1.13 during trading on Tuesday, hitting $92.93. 446,095 shares of the company's stock traded hands, compared to its average volume of 302,894. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 18.12 and a beta of 1.20. TriNet Group, Inc. has a 12-month low of $74.32 and a 12-month high of $134.67. The business has a 50 day moving average of $93.34 and a 200-day moving average of $98.70.

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 1st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.08%. The ex-dividend date was Tuesday, October 1st. TriNet Group's dividend payout ratio (DPR) is presently 19.27%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TNET shares. Needham & Company LLC lowered shares of TriNet Group from a "buy" rating to a "hold" rating and set a $140.00 target price for the company. in a research note on Monday, October 28th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $103.00 target price on shares of TriNet Group in a research report on Tuesday, October 22nd. Finally, TD Cowen boosted their target price on TriNet Group from $92.00 to $104.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $117.00.

Insider Activity at TriNet Group

In related news, CFO Kelly L. Tuminelli sold 4,683 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total transaction of $482,161.68. Following the completion of the transaction, the chief financial officer now owns 82,409 shares of the company's stock, valued at approximately $8,484,830.64. The trade was a 5.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total transaction of $32,336.25. Following the completion of the sale, the director now owns 37,591 shares in the company, valued at $3,241,471.93. This represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 37.10% of the stock is owned by company insiders.

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.