Vest Financial LLC Makes New $1.96 Million Investment in TriNet Group, Inc. (NYSE:TNET)

Vest Financial LLC purchased a new position in TriNet Group, Inc. (NYSE:TNET - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 24,769 shares of the business services provider's stock, valued at approximately $1,963,000. Vest Financial LLC owned about 0.05% of TriNet Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mirador Capital Partners LP boosted its holdings in shares of TriNet Group by 11.0% in the 1st quarter. Mirador Capital Partners LP now owns 19,770 shares of the business services provider's stock valued at $1,567,000 after purchasing an additional 1,965 shares during the last quarter. Rhumbline Advisers raised its position in shares of TriNet Group by 1.8% in the 1st quarter. Rhumbline Advisers now owns 48,325 shares of the business services provider's stock worth $3,829,000 after buying an additional 873 shares during the period. GAMMA Investing LLC boosted its holdings in TriNet Group by 4,677.9% in the first quarter. GAMMA Investing LLC now owns 3,249 shares of the business services provider's stock valued at $257,000 after acquiring an additional 3,181 shares during the last quarter. GHE LLC boosted its holdings in TriNet Group by 10.9% in the fourth quarter. GHE LLC now owns 31,565 shares of the business services provider's stock valued at $2,865,000 after acquiring an additional 3,091 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in TriNet Group by 26.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 76,105 shares of the business services provider's stock valued at $6,908,000 after acquiring an additional 15,963 shares during the period. Hedge funds and other institutional investors own 96.81% of the company's stock.

Insider Transactions at TriNet Group

In other news, SVP Sidney A. Majalya sold 500 shares of TriNet Group stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $83.14, for a total transaction of $41,570.00. Following the sale, the senior vice president now directly owns 23,033 shares of the company's stock, valued at approximately $1,914,963.62. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $82.04, for a total value of $117,891.48. Following the completion of the transaction, the chief technology officer now directly owns 32,932 shares of the company's stock, valued at $2,701,741.28. This represents a 4.18% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,120 shares of company stock valued at $175,291. Corporate insiders own 38.10% of the company's stock.

TriNet Group Stock Down 1.0%

NYSE TNET traded down $0.82 during trading hours on Monday, hitting $82.44. The company had a trading volume of 244,718 shares, compared to its average volume of 378,514. TriNet Group, Inc. has a fifty-two week low of $65.43 and a fifty-two week high of $116.26. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 24.11 and a beta of 0.90. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The firm's 50 day moving average is $79.98 and its 200 day moving average is $83.89.

TriNet Group (NYSE:TNET - Get Free Report) last issued its earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.32. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $319.36 million. During the same quarter in the prior year, the business earned $2.18 earnings per share. Sell-side 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 disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.275 per share. The ex-dividend date was Tuesday, April 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.33%. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio (DPR) is currently 32.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TNET shares. TD Cowen downgraded TriNet Group from a "buy" rating to a "hold" rating and cut their price objective for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of TriNet Group from $75.00 to $76.00 and gave the company an "underweight" rating in a research report on Monday, April 28th.

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.