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

Vest Financial LLC acquired a new stake in TriNet Group, Inc. (NYSE:TNET - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 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 reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Mirador Capital Partners LP boosted its stake in 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 period. Rhumbline Advisers boosted its position in shares of TriNet Group by 1.8% in the first quarter. Rhumbline Advisers now owns 48,325 shares of the business services provider's stock valued at $3,829,000 after acquiring an additional 873 shares during the period. GAMMA Investing LLC grew its stake in shares of 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 in the last quarter. GHE LLC grew its stake in shares of 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 worth $6,908,000 after acquiring an additional 15,963 shares during the period. Institutional investors and hedge funds own 96.81% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on TNET shares. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a report on Thursday, March 13th. TD Cowen cut 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 note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised their price objective on TriNet Group from $75.00 to $76.00 and gave the stock an "underweight" rating in a research note on Monday, April 28th.

Insider Buying and Selling at TriNet Group

In related news, SVP Sidney A. Majalya sold 500 shares of TriNet Group stock in a transaction that occurred on Wednesday, May 21st. The shares were 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $82.04, for a total transaction 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 approximately $2,701,741.28. The trade was a 4.18% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,120 shares of company stock valued at $175,291. 37.10% of the stock is currently owned by corporate insiders.

TriNet Group Price Performance

TNET traded down $3.12 on Wednesday, hitting $78.73. 187,777 shares of the stock were exchanged, compared to its average volume of 377,964. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 23.03 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. TriNet Group, Inc. has a 12 month low of $65.43 and a 12 month high of $116.26. The business has a 50-day moving average of $80.13 and a two-hundred day moving average of $83.80.

TriNet Group (NYSE:TNET - Get Free Report) last issued its earnings results on Friday, April 25th. The business services provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.67 by $0.32. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $319.36 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. During the same period in the previous year, the company earned $2.18 EPS. Sell-side analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Tuesday, April 1st. This is an increase from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio (DPR) is currently 32.84%.

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.