OMERS ADMINISTRATION Corp Reduces Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

OMERS ADMINISTRATION Corp trimmed its position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 38.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,796 shares of the business services provider's stock after selling 6,200 shares during the period. OMERS ADMINISTRATION Corp's holdings in TriNet Group were worth $889,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake 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 buying an additional 36,216 shares during the period. Bank of New York Mellon Corp increased its stake in shares of TriNet Group by 82.7% during the fourth quarter. Bank of New York Mellon Corp now owns 222,458 shares of the business services provider's stock worth $20,193,000 after buying an additional 100,728 shares during the period. Franklin Resources Inc. increased its stake in shares of TriNet Group by 3.4% during the third quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider's stock worth $499,000 after buying an additional 169 shares during the period. Barclays PLC increased its stake in shares of TriNet Group by 201.0% during the third quarter. Barclays PLC now owns 94,649 shares of the business services provider's stock worth $9,179,000 after buying an additional 63,201 shares during the period. Finally, Hunter Perkins Capital Management LLC increased its stake in shares of TriNet Group by 246.6% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 10,190 shares of the business services provider's stock worth $925,000 after buying an additional 7,250 shares during the period. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TriNet Group

In other news, Director Paul Edward Chamberlain sold 600 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the transaction, the director now owns 36,991 shares in the company, valued at $2,565,695.76. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Sidney A. Majalya sold 500 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were 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 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. Over the last quarter, insiders sold 2,647 shares of company stock valued at $193,623. 38.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TNET has been the topic of several recent analyst reports. TD Cowen lowered shares of TriNet Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $104.00 to $74.00 in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised their target price 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 report on Thursday, March 13th.

TriNet Group Stock Performance

Shares of NYSE TNET traded down $0.58 during mid-day trading on Friday, hitting $81.24. 225,714 shares of the company were exchanged, compared to its average volume of 384,925. TriNet Group, Inc. has a 1-year low of $65.43 and a 1-year high of $116.26. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. The stock has a 50 day simple moving average of $79.30 and a 200-day simple moving average of $84.77. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 23.76 and a beta of 0.91.

TriNet Group (NYSE:TNET - Get Free Report) last released its earnings results on Friday, April 25th. The business services provider reported $1.99 EPS for the quarter, beating analysts' consensus estimates 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 last year, the company earned $2.18 earnings per share. On average, 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. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.10 dividend on an annualized basis and a yield of 1.35%. This is an increase from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio (DPR) is 32.84%.

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.