TriNet Group, Inc. (NYSE:TNET) Shares Bought by Ghe LLC

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

Several other large investors have also modified their holdings of the business. Wealthfront Advisers LLC purchased a new position in TriNet Group in the 4th quarter valued at about $456,581,000. Vanguard Group Inc. boosted 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 last quarter. Capital Research Global Investors increased its stake in TriNet Group by 98.2% in the fourth quarter. Capital Research Global Investors now owns 2,822,839 shares of the business services provider's stock valued at $256,229,000 after purchasing an additional 1,398,573 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in 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 during the period. Finally, Wellington Management Group LLP lifted its position in TriNet Group by 23.1% during 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 period. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TriNet Group

In related 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 value of $41,570.00. Following the completion of the transaction, the senior vice president now directly owns 23,033 shares in the company, valued at approximately $1,914,963.62. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 38.10% of the stock is currently owned by corporate insiders.

TriNet Group Trading Up 1.0%

Shares of TriNet Group stock traded up $0.84 during trading hours on Thursday, reaching $82.11. The stock had a trading volume of 185,296 shares, compared to its average volume of 381,876. TriNet Group, Inc. has a 1 year low of $65.43 and a 1 year high of $116.26. The firm has a 50 day simple moving average of $79.51 and a two-hundred day simple moving average of $84.53. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 24.01 and a beta of 0.91. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16.

TriNet Group (NYSE:TNET - Get Free Report) last released its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $319.36 million. During the same period last year, the company posted $2.18 earnings per share. As a group, equities research analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Tuesday, April 1st. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio (DPR) is 32.84%.

Analyst Ratings Changes

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

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.