TriNet Group, Inc. (NYSE:TNET) Holdings Increased by Tilia Fiduciary Partners Inc.

Tilia Fiduciary Partners Inc. increased its stake in TriNet Group, Inc. (NYSE:TNET) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,220 shares of the business services provider’s stock after acquiring an additional 1,595 shares during the period. Tilia Fiduciary Partners Inc.’s holdings in TriNet Group were worth $1,961,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in TNET. Rothschild Investment LLC acquired a new stake in TriNet Group in the 2nd quarter valued at about $45,000. Blue Trust Inc. lifted its stake in TriNet Group by 24.9% during the second quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 104 shares during the last quarter. Avion Wealth boosted its holdings in TriNet Group by 19.2% during the second quarter. Avion Wealth now owns 800 shares of the business services provider’s stock worth $80,000 after buying an additional 129 shares in the last quarter. LRI Investments LLC acquired a new position in TriNet Group in the first quarter worth approximately $81,000. Finally, Headlands Technologies LLC bought a new position in shares of TriNet Group in the second quarter valued at $93,000. Institutional investors and hedge funds own 96.81% of the company’s stock.

Analysts Set New Price Targets

TNET has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on TriNet Group from $107.00 to $103.00 and set an “underweight” rating on the stock in a report on Tuesday, August 20th. TD Cowen cut their price objective on TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a report on Monday, June 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $140.00 target price on shares of TriNet Group in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $118.40.

Insider Buying and Selling

In other news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total transaction of $39,937.50. Following the transaction, the director now owns 37,966 shares in the company, valued at approximately $4,043,379. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other TriNet Group news, CFO Kelly L. Tuminelli sold 4,683 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total transaction of $482,161.68. Following the transaction, the chief financial officer now owns 82,409 shares in the company, valued at $8,484,830.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the completion of the sale, the director now owns 37,966 shares of the company’s stock, valued at $4,043,379. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by corporate insiders.

TriNet Group Stock Up 0.9 %

NYSE TNET traded up $0.87 during trading on Wednesday, reaching $97.39. 10,687 shares of the company’s stock were exchanged, compared to its average volume of 275,250. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 9.84. The firm has a market capitalization of $4.84 billion, a PE ratio of 15.82 and a beta of 1.17. The company’s fifty day simple moving average is $97.34 and its 200-day simple moving average is $105.93. TriNet Group, Inc. has a fifty-two week low of $91.59 and a fifty-two week high of $134.67.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Friday, July 26th. The business services provider reported $1.27 EPS for the quarter, beating the consensus estimate of $0.98 by $0.29. TriNet Group had a net margin of 6.29% and a return on equity of 397.90%. The business had revenue of $310.00 million for the quarter, compared to analysts’ expectations of $301.76 million. Sell-side analysts predict that TriNet Group, Inc. will post 5.13 EPS for the current year.

TriNet Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. TriNet Group’s dividend payout ratio is 16.39%.

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.