Rhumbline Advisers Buys 1,558 Shares of TriNet Group, Inc. (NYSE:TNET)

Rhumbline Advisers lifted its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,452 shares of the business services provider’s stock after purchasing an additional 1,558 shares during the quarter. Rhumbline Advisers owned 0.10% of TriNet Group worth $4,307,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Creative Planning lifted its holdings in shares of TriNet Group by 25.3% during the third quarter. Creative Planning now owns 4,456 shares of the business services provider’s stock worth $432,000 after purchasing an additional 899 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in TriNet Group by 5.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 33,743 shares of the business services provider’s stock worth $3,200,000 after purchasing an additional 1,700 shares during the last quarter. US Bancorp DE boosted its holdings in TriNet Group by 9,893.1% during the third quarter. US Bancorp DE now owns 7,195 shares of the business services provider’s stock worth $698,000 after purchasing an additional 7,123 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in TriNet Group by 7,191.7% in the third quarter. Farther Finance Advisors LLC now owns 4,375 shares of the business services provider’s stock valued at $424,000 after acquiring an additional 4,315 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in TriNet Group by 108.1% in the third quarter. Harbor Capital Advisors Inc. now owns 19,646 shares of the business services provider’s stock valued at $1,905,000 after acquiring an additional 10,207 shares during the last quarter. 96.81% of the stock is owned by institutional investors.

Insider Activity

In other news, CTO Jeffery Jon Hayward sold 7,784 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $89.57, for a total value of $697,212.88. Following the sale, the chief technology officer now directly owns 21,769 shares in the company, valued at approximately $1,949,849.33. This trade represents a 26.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 36,991 shares of the company’s stock, valued at $2,565,695.76. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,748 shares of company stock valued at $833,436. 37.10% of the stock is currently owned by company insiders.

TriNet Group Stock Performance

TNET opened at $73.71 on Friday. The firm has a market cap of $3.65 billion, a P/E ratio of 21.55 and a beta of 1.21. TriNet Group, Inc. has a 1-year low of $65.43 and a 1-year high of $134.67. The company has a 50 day simple moving average of $87.15 and a two-hundred day simple moving average of $91.92. 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 (NYSE:TNET) last released its earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. The firm had revenue of $252.00 million for the quarter, compared to the consensus estimate of $225.72 million. Equities analysts forecast that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, January 2nd. TriNet Group’s dividend payout ratio is currently 29.24%.

Analysts Set New Price Targets

Several research firms have issued reports on TNET. Needham & Company LLC reiterated a “hold” rating on shares of TriNet Group in a research note on Friday, February 14th. TD Cowen lowered shares of TriNet Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th.

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.