OMERS ADMINISTRATION Corp Decreases Position in TriNet Group, Inc. (NYSE:TNET)

OMERS ADMINISTRATION Corp cut its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 38.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 institutional investors have also modified their holdings of the company. LRI Investments LLC boosted its stake 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. IFP Advisors Inc raised its holdings in shares of TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock valued at $71,000 after buying an additional 240 shares during the last quarter. Avion Wealth boosted its stake in shares of TriNet Group by 14.9% during the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock worth $98,000 after buying an additional 140 shares during the period. KBC Group NV grew its holdings in shares of TriNet Group by 43.7% during the fourth quarter. KBC Group NV now owns 1,365 shares of the business services provider's stock worth $124,000 after buying an additional 415 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of TriNet Group by 118.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider's stock worth $131,000 after buying an additional 785 shares during the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

TriNet Group Stock Performance

Shares of NYSE:TNET traded down $2.27 during midday trading on Wednesday, hitting $83.20. The stock had a trading volume of 281,371 shares, compared to its average volume of 385,525. 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 stock has a 50 day moving average price of $79.03 and a two-hundred day moving average price of $84.80. The company has a market capitalization of $4.03 billion, a PE ratio of 24.33 and a beta of 0.91.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings data 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 net margin of 3.46% and a return on equity of 200.82%. The firm 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 firm earned $2.18 earnings per share. As a group, equities analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st were issued a $0.275 dividend. This is a boost from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Tuesday, April 1st. TriNet Group's dividend payout ratio (DPR) is currently 32.84%.

Insider Activity at TriNet Group

In other news, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction dated Tuesday, February 25th. The shares were 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $94,607.04. Following the sale, the chief technology officer now directly owns 19,867 shares in the company, valued at approximately $1,377,975.12. This represents a 6.42% decrease in their position. The disclosure for this sale can be found here. Company insiders own 38.10% of the company's stock.

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.