Wellington Management Group LLP Raises Stake in TriNet Group, Inc. (NYSE:TNET)

Wellington Management Group LLP raised its stake in TriNet Group, Inc. (NYSE:TNET - Free Report) by 23.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,626,902 shares of the business services provider's stock after purchasing an additional 305,165 shares during the period. Wellington Management Group LLP owned 3.28% of TriNet Group worth $147,674,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC purchased a new stake in shares of TriNet Group in the 4th quarter valued at about $456,581,000. Vanguard Group Inc. lifted its stake in TriNet Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,992,008 shares of the business services provider's stock valued at $271,585,000 after buying an additional 36,216 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of TriNet Group by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 493,836 shares of the business services provider's stock valued at $44,825,000 after acquiring an additional 20,483 shares during the period. JPMorgan Chase & Co. grew its position in shares of TriNet Group by 11.4% during the third quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider's stock worth $37,366,000 after acquiring an additional 39,351 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of TriNet Group by 1,131.0% in the 4th quarter. American Century Companies Inc. now owns 302,947 shares of the business services provider's stock valued at $27,498,000 after acquiring an additional 278,338 shares during the period. Institutional investors and hedge funds own 96.81% of the company's stock.

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Insider Buying and Selling

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,364 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $94,607.04. Following the completion of the transaction, the chief technology officer now directly owns 19,867 shares in the company, valued at approximately $1,377,975.12. This trade represents a 6.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the sale, the director now 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 disclosure for this sale can be found here. Insiders have sold 9,748 shares of company stock valued at $833,436 over the last quarter. Company insiders own 37.10% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. TD Cowen downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a report on Thursday, March 13th.

TriNet Group Stock Performance

NYSE:TNET traded up $2.28 during midday trading on Tuesday, reaching $75.93. The stock had a trading volume of 93,425 shares, compared to its average volume of 367,848. The stock has a market cap of $3.76 billion, a P/E ratio of 22.20 and a beta of 1.06. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $131.27. The firm has a fifty day simple moving average of $79.45 and a two-hundred day simple moving average of $87.94.

TriNet Group (NYSE:TNET - Get Free Report) last issued its earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $252.00 million for the quarter, compared to the consensus estimate of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. On average, equities analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be issued a $0.275 dividend. This is a boost from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, April 1st. TriNet Group's dividend payout ratio (DPR) is currently 32.16%.

About TriNet Group

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.