TriNet Group, Inc. (NYSE:TNET) Stake Increased by Capital Research Global Investors

Capital Research Global Investors boosted its stake in TriNet Group, Inc. (NYSE:TNET - Free Report) by 98.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,822,839 shares of the business services provider's stock after acquiring an additional 1,398,573 shares during the period. Capital Research Global Investors owned 5.69% of TriNet Group worth $256,229,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in shares of TriNet Group by 11.4% during the 3rd 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 in the last quarter. Vanguard Group Inc. raised its holdings 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 purchasing an additional 36,216 shares during the period. Tidal Investments LLC lifted its position in shares of TriNet Group by 5.4% in the 3rd quarter. Tidal Investments LLC now owns 5,121 shares of the business services provider's stock worth $495,000 after buying an additional 263 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of TriNet Group by 4.2% in the 4th quarter. Nordea Investment Management AB now owns 160,991 shares of the business services provider's stock valued at $14,732,000 after buying an additional 6,420 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of 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 valued at $20,193,000 after buying an additional 100,728 shares during the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

TriNet Group Stock Performance

TriNet Group stock traded up $2.06 during mid-day trading on Friday, hitting $79.64. 577,223 shares of the company's stock traded hands, compared to its average volume of 381,797. TriNet Group, Inc. has a one year low of $65.43 and a one year high of $127.60. The company has a market cap of $3.85 billion, a PE ratio of 23.40 and a beta of 1.06. The firm has a 50 day moving average price of $75.63 and a 200 day moving average price of $86.06. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16.

TriNet Group (NYSE:TNET - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $252.00 million during the quarter, compared to the consensus estimate of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. On average, equities analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.275 per share. This is a boost from TriNet Group's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, April 1st. This represents a $1.10 annualized dividend and a yield of 1.38%. TriNet Group's payout ratio is presently 32.16%.

Wall Street Analyst Weigh In

TNET has been the topic of a number of recent research reports. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a report on Thursday, March 13th. TD Cowen downgraded 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.

Insiders Place Their Bets

In other news, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the transaction, the director now owns 36,991 shares of the company's stock, valued at $2,565,695.76. The trade was a 1.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Jeffery Jon Hayward sold 1,364 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 $94,607.04. Following the sale, the chief technology officer now directly owns 19,867 shares of the company's stock, valued at approximately $1,377,975.12. This represents a 6.42 % 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 insiders.

TriNet Group 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.