Y Intercept Hong Kong Ltd Makes New Investment in TriNet Group, Inc. (NYSE:TNET)

Y Intercept Hong Kong Ltd purchased a new stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,732 shares of the business services provider's stock, valued at approximately $520,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in 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 valued at $156,018,000 after purchasing an additional 391,720 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of TriNet Group by 16.2% during the third 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 last quarter. Jacobs Levy Equity Management Inc. increased 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 buying an additional 162,578 shares in the last quarter. JPMorgan Chase & Co. raised its position in TriNet Group by 11.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider's stock worth $37,366,000 after buying an additional 39,351 shares during the last quarter. Finally, Emerald Advisers LLC lifted its stake in TriNet Group by 1.1% during the 3rd quarter. Emerald Advisers LLC now owns 252,819 shares of the business services provider's stock valued at $24,516,000 after acquiring an additional 2,651 shares during the period. Institutional investors own 96.81% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TNET shares. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a report on Friday, February 14th. TD Cowen downgraded TriNet Group from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $104.00 to $74.00 in a research note on Tuesday, February 18th.

Insider Transactions at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 7,784 shares of the business's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $89.57, for a total transaction of $697,212.88. Following the transaction, the chief technology officer now owns 21,769 shares in the company, valued at $1,949,849.33. The trade was a 26.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 transaction of $41,616.00. Following the completion of the sale, the director now directly owns 36,991 shares in the company, valued at approximately $2,565,695.76. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,748 shares of company stock worth $833,436 in the last three months. Insiders own 37.10% of the company's stock.

TriNet Group Price Performance

Shares of TriNet Group stock traded up $2.26 on Wednesday, hitting $75.27. 713,058 shares of the company traded hands, compared to its average volume of 440,389. The stock has a market capitalization of $3.73 billion, a P/E ratio of 22.01 and a beta of 1.21. The business has a 50-day simple moving average of $86.16 and a 200 day simple moving average of $91.47. TriNet Group, Inc. has a 52 week low of $65.43 and a 52 week high of $134.67. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07.

TriNet Group (NYSE:TNET - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 200.82% and a net margin of 3.46%. Research analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. TriNet Group's payout ratio is currently 29.24%.

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.