XTX Topco Ltd Acquires Shares of 12,191 TriNet Group, Inc. (NYSE:TNET)

XTX Topco Ltd purchased a new position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,191 shares of the business services provider's stock, valued at approximately $1,107,000.

Several other hedge funds also recently added to or reduced their stakes in TNET. IFP Advisors Inc boosted its holdings in shares of TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock valued at $71,000 after purchasing an additional 240 shares during the period. Avion Wealth grew its position in shares of TriNet Group by 14.9% during the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock worth $98,000 after buying an additional 140 shares in the last quarter. KBC Group NV increased its stake in shares of TriNet Group by 43.7% during the fourth quarter. KBC Group NV now owns 1,365 shares of the business services provider's stock valued at $124,000 after buying an additional 415 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of TriNet Group by 118.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider's stock valued at $131,000 after acquiring an additional 785 shares in the last quarter. Finally, Xponance Inc. lifted its stake in TriNet Group by 17.8% in the fourth quarter. Xponance Inc. now owns 2,456 shares of the business services provider's stock worth $223,000 after acquiring an additional 371 shares during the period. 96.81% of the stock is currently owned by institutional investors.

Insider Transactions at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 1,364 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $94,607.04. Following the sale, the chief technology officer now directly owns 19,867 shares in the company, valued at approximately $1,377,975.12. The trade was a 6.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul Edward Chamberlain sold 600 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now owns 36,991 shares in the company, valued at approximately $2,565,695.76. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 37.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TNET. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research note on Thursday, March 13th. TD Cowen downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th.

TriNet Group Stock Performance

TNET traded down $1.68 on Monday, reaching $74.76. 35,782 shares of the stock were exchanged, compared to its average volume of 375,422. TriNet Group, Inc. has a fifty-two week low of $65.43 and a fifty-two week high of $130.83. The company's 50-day moving average price is $76.05 and its 200 day moving average price is $86.50. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $3.62 billion, a PE ratio of 21.86 and a beta of 1.06.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. The company had revenue of $252.00 million during 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%. As a group, sell-side analysts forecast 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. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.275 per share. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Tuesday, April 1st. TriNet Group's dividend payout ratio is presently 32.16%.

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.