174,893 Shares in TriNet Group, Inc. (NYSE:TNET) Bought by William Blair Investment Management LLC

William Blair Investment Management LLC bought a new position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 174,893 shares of the business services provider's stock, valued at approximately $15,875,000. William Blair Investment Management LLC owned approximately 0.35% of TriNet Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Wealthfront Advisers LLC acquired a new stake in TriNet Group during the fourth quarter worth approximately $456,581,000. Massachusetts Financial Services Co. MA grew 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 purchasing an additional 391,720 shares in the last quarter. Wellington Management Group LLP grew 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 worth $128,169,000 after purchasing an additional 184,186 shares in the last quarter. Simcoe Capital Management LLC bought a new position in shares of TriNet Group in the third quarter worth $16,966,000. Finally, Jacobs Levy Equity Management Inc. raised its stake 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 in the last quarter. Institutional investors own 96.81% of the company's stock.

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Insiders Place Their Bets

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $94,607.04. Following the completion of the sale, the chief technology officer now 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,748 shares of company stock worth $833,436. Company insiders own 37.10% of the company's stock.

TriNet Group Price Performance

Shares of TNET stock traded up $3.23 on Monday, hitting $79.92. 495,449 shares of the company's stock were exchanged, compared to its average volume of 340,271. The company has a 50 day moving average of $82.68 and a 200 day moving average of $89.34. The stock has a market cap of $3.96 billion, a P/E ratio of 23.37 and a beta of 1.26. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. TriNet Group, Inc. has a 12 month low of $65.43 and a 12 month high of $134.67.

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

TriNet Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be paid a $0.275 dividend. 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 dividend yield of 1.38%. The ex-dividend date of this dividend is Tuesday, April 1st. TriNet Group's dividend payout ratio is currently 32.16%.

Analyst Upgrades and Downgrades

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

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.