Dimensional Fund Advisors LP Acquires 22,114 Shares of TriNet Group, Inc. (NYSE:TNET)

Dimensional Fund Advisors LP boosted its stake in TriNet Group, Inc. (NYSE:TNET - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 828,410 shares of the business services provider's stock after acquiring an additional 22,114 shares during the quarter. Dimensional Fund Advisors LP owned about 1.67% of TriNet Group worth $75,196,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wealthfront Advisers LLC acquired a new stake in TriNet Group during the 4th quarter valued at approximately $456,581,000. Vanguard Group Inc. boosted its stake in shares of TriNet Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,992,008 shares of the business services provider's stock valued at $271,585,000 after buying an additional 36,216 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of TriNet Group by 18.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,898,005 shares of the business services provider's stock worth $172,282,000 after buying an additional 289,071 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of TriNet Group by 23.1% in the fourth quarter. Wellington Management Group LLP now owns 1,626,902 shares of the business services provider's stock worth $147,674,000 after buying an additional 305,165 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in TriNet Group by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 493,836 shares of the business services provider's stock valued at $44,825,000 after acquiring an additional 20,483 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company's stock.

Insider Activity

In related news, 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 completion of the sale, the chief technology officer now directly owns 19,867 shares of the company's stock, valued at $1,377,975.12. This represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction 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 sale, the director now owns 36,991 shares of the company's stock, valued at $2,565,695.76. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 38.10% of the company's stock.

TriNet Group Stock Performance

TNET traded up $1.60 on Friday, hitting $80.37. 374,048 shares of the company's stock were exchanged, compared to its average volume of 382,728. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. The stock has a fifty day moving average of $76.64 and a two-hundred day moving average of $85.22. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $116.26. The firm has a market cap of $3.89 billion, a PE ratio of 23.50 and a beta of 1.06.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share for the quarter, topping analysts' consensus estimates of $1.67 by $0.32. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $319.36 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. During the same period in the prior year, the firm earned $2.18 EPS. On average, research analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st were paid a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.10 annualized dividend and a dividend yield of 1.37%. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio (DPR) is presently 32.84%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of TriNet Group from $75.00 to $76.00 and gave the stock an "underweight" rating in a report on Monday, April 28th. TD Cowen lowered TriNet Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $104.00 to $74.00 in a report on Tuesday, February 18th. Finally, Needham & Company LLC restated a "hold" rating on shares of TriNet Group in a research note on Thursday, March 13th.

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.