Alpine Peaks Capital LP Has $2.21 Million Holdings in TriNet Group, Inc. (NYSE:TNET)

Alpine Peaks Capital LP decreased its position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 43.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,350 shares of the business services provider's stock after selling 18,550 shares during the quarter. TriNet Group makes up approximately 1.8% of Alpine Peaks Capital LP's holdings, making the stock its 21st largest holding. Alpine Peaks Capital LP's holdings in TriNet Group were worth $2,210,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TNET. JPMorgan Chase & Co. boosted its holdings in TriNet Group by 11.4% in the third quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider's stock valued at $37,366,000 after acquiring an additional 39,351 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of TriNet Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,992,008 shares of the business services provider's stock worth $271,585,000 after buying an additional 36,216 shares during the last quarter. Tidal Investments LLC lifted its holdings in TriNet Group by 5.4% in the third quarter. Tidal Investments LLC now owns 5,121 shares of the business services provider's stock valued at $495,000 after buying an additional 263 shares during the period. Nordea Investment Management AB boosted its stake in TriNet Group by 4.2% in the fourth quarter. Nordea Investment Management AB now owns 160,991 shares of the business services provider's stock valued at $14,732,000 after acquiring an additional 6,420 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in TriNet Group by 82.7% during the 4th quarter. Bank of New York Mellon Corp now owns 222,458 shares of the business services provider's stock worth $20,193,000 after acquiring an additional 100,728 shares during the period. Institutional investors and hedge funds own 96.81% of the company's stock.

Wall Street Analysts Forecast Growth

TNET has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on TriNet Group from $75.00 to $76.00 and gave the stock an "underweight" rating in a research report on Monday. Needham & Company LLC restated a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. Finally, TD Cowen downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and cut their price target for the company from $104.00 to $74.00 in a research report on Tuesday, February 18th.

Insiders Place Their Bets

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

TriNet Group Stock Down 3.5 %

TriNet Group stock traded down $2.75 during midday trading on Tuesday, reaching $76.73. The stock had a trading volume of 196,442 shares, compared to its average volume of 477,183. The stock has a market capitalization of $3.71 billion, a P/E ratio of 22.43 and a beta of 1.06. The firm's fifty day simple moving average is $75.87 and its 200-day simple moving average is $85.65. 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, Inc. has a 1-year low of $65.43 and a 1-year high of $116.26.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The business services provider reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.32. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $319.36 million. During the same quarter in the previous year, the firm posted $2.18 earnings per share. As a group, analysts expect 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 was paid on Monday, April 28th. Investors of record on Tuesday, April 1st were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.43%. This is an increase from TriNet Group's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, April 1st. TriNet Group's payout ratio is presently 32.84%.

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.