TriNet Group, Inc. (NYSE:TNET) Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its position in TriNet Group, Inc. (NYSE:TNET - Free Report) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,369 shares of the business services provider's stock after purchasing an additional 6,936 shares during the period. Wedge Capital Management L L P NC owned approximately 0.33% of TriNet Group worth $14,738,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in TriNet Group by 32.2% in 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. Point72 Asset Management L.P. acquired a new stake in shares of TriNet Group in the second quarter valued at about $20,610,000. Wellington Management Group LLP raised its holdings in shares of TriNet Group by 16.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,321,737 shares of the business services provider's stock valued at $128,169,000 after buying an additional 184,186 shares during the period. Simcoe Capital Management LLC acquired a new position in TriNet Group during the 3rd quarter worth approximately $16,966,000. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in TriNet Group by 41.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 550,404 shares of the business services provider's stock worth $53,373,000 after acquiring an additional 162,578 shares during the period. Hedge funds and other institutional investors own 96.81% of the company's stock.

TriNet Group Stock Performance

Shares of NYSE TNET traded down $1.77 during trading on Friday, reaching $90.49. The stock had a trading volume of 230,239 shares, compared to its average volume of 230,498. 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 cap of $4.49 billion, a PE ratio of 17.43 and a beta of 1.21. TriNet Group, Inc. has a one year low of $74.32 and a one year high of $134.67. The firm's 50 day moving average price is $92.15 and its two-hundred day moving average price is $95.49.

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.11%. TriNet Group's payout ratio is currently 19.27%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other TriNet Group news, CTO Jeffery Jon Hayward sold 7,784 shares of the firm's stock in a transaction 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 directly owns 21,769 shares in the company, valued at approximately $1,949,849.33. This trade represents a 26.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Paul Edward Chamberlain sold 375 shares of the company's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total transaction of $32,336.25. Following the transaction, 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 disclosure for this sale can be found here. In the last three months, insiders sold 12,317 shares of company stock valued at $1,115,842. Company insiders own 37.10% of the company's stock.

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.