TriNet Group, Inc. (NYSE:TNET) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 16.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,321,737 shares of the business services provider's stock after purchasing an additional 184,186 shares during the period. Wellington Management Group LLP owned approximately 2.67% of TriNet Group worth $128,169,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of TriNet Group by 32.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider's stock worth $156,018,000 after buying an additional 391,720 shares during the last quarter. Earnest Partners LLC increased its stake in TriNet Group by 1.9% during the second quarter. Earnest Partners LLC now owns 915,043 shares of the business services provider's stock worth $91,504,000 after acquiring an additional 16,708 shares during the last quarter. Dimensional Fund Advisors LP raised its position in TriNet Group by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 823,019 shares of the business services provider's stock valued at $82,304,000 after purchasing an additional 9,386 shares during the period. Jacobs Levy Equity Management Inc. raised its position in TriNet Group by 41.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 550,404 shares of the business services provider's stock valued at $53,373,000 after purchasing an additional 162,578 shares during the period. Finally, Emerald Advisers LLC grew its holdings in shares of TriNet Group by 1.1% during the 3rd quarter. Emerald Advisers LLC now owns 252,819 shares of the business services provider's stock worth $24,516,000 after purchasing an additional 2,651 shares during the period. 96.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

TriNet Group Trading Up 1.4 %

TriNet Group stock traded up $1.32 during midday trading on Tuesday, reaching $94.24. 327,461 shares of the stock traded hands, compared to its average volume of 302,776. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 7.70. The firm has a market cap of $4.67 billion, a PE ratio of 17.90 and a beta of 1.21. The company has a 50-day simple moving average of $92.71 and a two-hundred day simple moving average of $97.98. TriNet Group, Inc. has a 12-month low of $74.32 and a 12-month high of $134.67.

TriNet Group Announces Dividend

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 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Tuesday, October 1st. TriNet Group's dividend payout ratio (DPR) is currently 19.27%.

Insider Buying and Selling

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the business's stock in a transaction that occurred on 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 transaction, the director now owns 37,591 shares in the company, valued at $3,241,471.93. The trade was a 0.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Jeffery Jon Hayward sold 2,345 shares of the firm's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $93.03, for a total transaction of $218,155.35. Following the completion of the sale, the chief technology officer now owns 34,606 shares in the company, valued at $3,219,396.18. The trade was a 6.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,533 shares of company stock valued at $418,629 in the last ninety days. 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.