TriNet Group, Inc. (NYSE:TNET) Stake Reduced by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 43.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 211,228 shares of the business services provider's stock after selling 164,239 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.43% of TriNet Group worth $19,173,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of TriNet Group by 2.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,190 shares of the business services provider's stock worth $1,651,000 after buying an additional 502 shares during the last quarter. LRI Investments LLC boosted its position in TriNet Group by 643.8% during the 4th quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock worth $60,000 after purchasing an additional 573 shares during the period. LRT Capital Management LLC boosted its position in TriNet Group by 95.9% during the 4th quarter. LRT Capital Management LLC now owns 20,512 shares of the business services provider's stock worth $1,862,000 after purchasing an additional 10,039 shares during the period. Deutsche Bank AG boosted its position in TriNet Group by 49.4% during the 4th quarter. Deutsche Bank AG now owns 29,122 shares of the business services provider's stock worth $2,643,000 after purchasing an additional 9,627 shares during the period. Finally, Bank of America Corp DE boosted its position in TriNet Group by 4.7% during the 4th quarter. Bank of America Corp DE now owns 184,032 shares of the business services provider's stock worth $16,705,000 after purchasing an additional 8,299 shares during the period. Hedge funds and other institutional investors own 96.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TNET shares. 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. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. Finally, TD Cowen cut shares of TriNet Group from a "buy" rating to a "hold" rating and decreased their price objective for the company from $104.00 to $74.00 in a research report on Tuesday, February 18th.

TriNet Group Stock Up 0.0%

NYSE:TNET traded up $0.01 on Thursday, reaching $81.28. The stock had a trading volume of 33,462 shares, compared to its average volume of 442,951. 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 50-day moving average of $79.51 and a 200 day moving average of $84.53. The stock has a market cap of $3.93 billion, a P/E ratio of 23.75 and a beta of 0.91. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $116.26.

TriNet Group (NYSE:TNET - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The business services provider reported $1.99 earnings per share for the quarter, beating analysts' consensus estimates 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 prior year, the company posted $2.18 EPS. On average, research analysts predict 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 paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.35%. 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 is 32.84%.

Insider Activity

In other news, SVP Sidney A. Majalya sold 500 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $83.14, for a total value of $41,570.00. Following the sale, the senior vice president now owns 23,033 shares in the company, valued at approximately $1,914,963.62. This represents a 2.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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.