Vanguard Group Inc. Raises Position in TriNet Group, Inc. (NYSE:TNET)

Vanguard Group Inc. boosted its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,992,008 shares of the business services provider's stock after acquiring an additional 36,216 shares during the period. Vanguard Group Inc. owned 6.03% of TriNet Group worth $271,585,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. FMR LLC raised its position in shares of TriNet Group by 38.5% during the 3rd quarter. FMR LLC now owns 9,017 shares of the business services provider's stock valued at $874,000 after buying an additional 2,506 shares in the last quarter. Captrust Financial Advisors raised its position in TriNet Group by 22.9% during the third quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider's stock valued at $316,000 after purchasing an additional 608 shares during the period. Verition Fund Management LLC lifted its stake in shares of TriNet Group by 75.5% in the 3rd quarter. Verition Fund Management LLC now owns 7,535 shares of the business services provider's stock valued at $731,000 after purchasing an additional 3,241 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of TriNet Group by 1.2% in the 3rd quarter. Royal London Asset Management Ltd. now owns 226,619 shares of the business services provider's stock worth $21,919,000 after purchasing an additional 2,633 shares during the period. Finally, Quantinno Capital Management LP increased its position in shares of TriNet Group by 17.2% during the 3rd quarter. Quantinno Capital Management LP now owns 3,118 shares of the business services provider's stock valued at $302,000 after purchasing an additional 458 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company's stock.

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Analyst Ratings Changes

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

TriNet Group Trading Up 7.2 %

TNET traded up $5.24 during trading hours on Wednesday, reaching $77.92. 619,180 shares of the company's stock traded hands, compared to its average volume of 371,777. 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 firm has a 50-day moving average price of $77.98 and a 200 day moving average price of $87.47. TriNet Group, Inc. has a 52-week low of $65.43 and a 52-week high of $131.27. The firm has a market capitalization of $3.86 billion, a PE ratio of 22.78 and a beta of 1.06.

TriNet Group (NYSE:TNET - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. The firm had revenue of $252.00 million for the quarter, compared to analysts' expectations of $225.72 million. As a group, sell-side analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 1.41%. TriNet Group's payout ratio is 32.16%.

Insider Transactions at TriNet Group

In other news, Director Paul Edward Chamberlain sold 600 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 value 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 SEC, which can be accessed through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the business's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $94,607.04. Following the completion of the transaction, the chief technology officer now directly owns 19,867 shares of the company's stock, valued at approximately $1,377,975.12. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,748 shares of company stock valued at $833,436. 37.10% of the stock is currently owned by corporate 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.