UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $5.83 Million Holdings in TriNet Group, Inc. (NYSE:TNET)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in TriNet Group, Inc. (NYSE:TNET) by 10.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,142 shares of the business services provider’s stock after selling 6,910 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.12% of TriNet Group worth $5,832,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of TNET. FORA Capital LLC acquired a new position in TriNet Group during the third quarter worth approximately $441,000. Blueshift Asset Management LLC bought a new stake in TriNet Group during the third quarter worth $462,000. FMR LLC lifted its stake in TriNet Group by 38.5% during the third quarter. FMR LLC now owns 9,017 shares of the business services provider’s stock worth $874,000 after purchasing an additional 2,506 shares during the last quarter. Advantage Alpha Capital Partners LP lifted its stake in shares of TriNet Group by 30.6% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 73,982 shares of the business services provider’s stock valued at $7,174,000 after acquiring an additional 17,349 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its stake in shares of TriNet Group by 19.0% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 13,902 shares of the business services provider’s stock valued at $1,348,000 after acquiring an additional 2,221 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Price Performance

TriNet Group stock opened at $94.24 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 7.70. The stock has a market cap of $4.67 billion, a P/E ratio of 18.16 and a beta of 1.21. The company’s 50 day moving average price is $92.66 and its two-hundred day moving average price is $97.88. TriNet Group, Inc. has a 52 week low of $74.32 and a 52 week high of $134.67.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 1st were issued a $0.25 dividend. The ex-dividend date was Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. TriNet Group’s dividend payout ratio (DPR) is presently 19.27%.

Analysts Set New Price Targets

TNET has been the subject of a number of recent research reports. TD Cowen increased their price objective on TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $103.00 target price on shares of TriNet Group in a research note on Tuesday, October 22nd. Finally, Needham & Company LLC cut shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, TriNet Group has a consensus rating of “Hold” and a consensus target price of $117.00.

Insider Buying and Selling

In other news, CTO Jeffery Jon Hayward sold 2,345 shares of TriNet Group stock in a transaction on Friday, November 29th. The shares were sold at an average price of $93.03, for a total transaction of $218,155.35. Following the completion of the sale, the chief technology officer now directly owns 34,606 shares of the company’s stock, valued at approximately $3,219,396.18. The trade was a 6.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total transaction of $32,336.25. Following the sale, the director now directly owns 37,591 shares of the company’s stock, valued at $3,241,471.93. This represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,533 shares of company stock valued at $418,629. 37.10% of the stock is owned by company insiders.

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.