Ghe LLC Has $2.87 Million Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

GHE LLC lifted its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 10.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,565 shares of the business services provider's stock after acquiring an additional 3,091 shares during the quarter. TriNet Group comprises approximately 1.1% of GHE LLC's holdings, making the stock its 21st biggest holding. GHE LLC owned approximately 0.06% of TriNet Group worth $2,865,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wealthfront Advisers LLC acquired a new position in shares of TriNet Group during the 4th quarter valued at $456,581,000. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 36,216 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of TriNet Group by 98.2% during the 4th quarter. Capital Research Global Investors now owns 2,822,839 shares of the business services provider's stock valued at $256,229,000 after acquiring an additional 1,398,573 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of TriNet Group by 18.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,898,005 shares of the business services provider's stock valued at $172,282,000 after acquiring an additional 289,071 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of TriNet Group by 23.1% during the 4th quarter. Wellington Management Group LLP now owns 1,626,902 shares of the business services provider's stock valued at $147,674,000 after acquiring an additional 305,165 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company's stock.

TriNet Group Stock Up 1.5%

TNET stock traded up $1.23 during trading on Friday, reaching $83.37. The stock had a trading volume of 311,106 shares, compared to its average volume of 382,231. TriNet Group, Inc. has a 1-year low of $65.43 and a 1-year high of $116.26. 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 company has a market capitalization of $4.04 billion, a P/E ratio of 24.38 and a beta of 0.91. The firm has a fifty day moving average price of $79.65 and a 200 day moving average price of $84.35.

TriNet Group (NYSE:TNET - Get Free Report) last issued 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 firm 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 business posted $2.18 EPS. On average, equities analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st were given a $0.275 dividend. The ex-dividend date was Tuesday, April 1st. This represents a $1.10 annualized dividend and a dividend yield of 1.32%. This is an increase from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's payout ratio is presently 32.84%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TNET. Needham & Company LLC restated a "hold" rating on shares of TriNet Group in a report on Thursday, March 13th. JPMorgan Chase & Co. boosted 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. Finally, TD Cowen lowered shares of 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.

Insider Transactions at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,437 shares of the business's 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 sale, the chief technology officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Sidney A. Majalya sold 500 shares of the business's stock in a transaction dated 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. This represents a 2.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,120 shares of company stock valued at $175,291. Insiders own 38.10% of the company's stock.

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.