TriNet Group, Inc. (NYSE:TNET) Stake Increased by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC grew its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 246.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,190 shares of the business services provider's stock after buying an additional 7,250 shares during the period. Hunter Perkins Capital Management LLC's holdings in TriNet Group were worth $925,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. TD Private Client Wealth LLC lifted its holdings in shares of 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 acquiring an additional 121 shares during the period. Franklin Resources Inc. raised its position in shares of TriNet Group by 3.4% in the 3rd quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider's stock worth $499,000 after buying an additional 169 shares during the period. Linden Thomas Advisory Services LLC raised its position in shares of TriNet Group by 2.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,731 shares of the business services provider's stock worth $702,000 after buying an additional 196 shares during the period. KBC Group NV raised its holdings in shares of TriNet Group by 26.5% in the 3rd quarter. KBC Group NV now owns 950 shares of the business services provider's stock worth $92,000 after purchasing an additional 199 shares during the period. Finally, Tidal Investments LLC raised its holdings in shares of TriNet Group by 5.4% in the 3rd quarter. Tidal Investments LLC now owns 5,121 shares of the business services provider's stock worth $495,000 after purchasing an additional 263 shares during the period. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director Paul Edward Chamberlain sold 375 shares of the business's stock in a transaction dated Wednesday, October 30th. The shares were 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 of the company's stock, valued at $3,241,471.93. This represents a 0.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeffery Jon Hayward sold 7,784 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $89.57, for a total value of $697,212.88. Following the sale, the chief technology officer now owns 21,769 shares in the company, valued at $1,949,849.33. The trade was a 26.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,317 shares of company stock worth $1,115,842 in the last three months. 37.10% of the stock is owned by insiders.

TriNet Group Stock Up 2.0 %

Shares of NYSE TNET traded up $1.89 during midday trading on Monday, reaching $95.65. 369,542 shares of the company's stock were exchanged, compared to its average volume of 243,021. TriNet Group, Inc. has a 52-week low of $74.32 and a 52-week high of $134.67. The stock has a market capitalization of $4.74 billion, a PE ratio of 18.43 and a beta of 1.21. 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 business's fifty day moving average price is $91.93 and its two-hundred day moving average price is $95.30.

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.00 annualized dividend and a yield of 1.05%. TriNet Group's dividend payout ratio is presently 19.27%.

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.