Teacher Retirement System of Texas Has $810,000 Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

Teacher Retirement System of Texas trimmed its position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 64.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,220 shares of the business services provider's stock after selling 18,533 shares during the period. Teacher Retirement System of Texas' holdings in TriNet Group were worth $810,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Capital Research Global Investors raised its position 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. ArrowMark Colorado Holdings LLC acquired a new stake in shares of TriNet Group during the 4th quarter worth approximately $35,567,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of TriNet Group in the 1st quarter worth approximately $27,037,000. Wellington Management Group LLP boosted its position in 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 purchasing an additional 305,165 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in 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 worth $172,282,000 after buying an additional 289,071 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their target price on TriNet Group from $75.00 to $76.00 and gave the company an "underweight" rating in a research note on Monday, April 28th.

TriNet Group Trading Down 1.1%

TriNet Group stock traded down $0.70 during midday trading on Friday, reaching $63.98. The stock had a trading volume of 175,671 shares, compared to its average volume of 382,807. The firm's fifty day simple moving average is $78.06 and its two-hundred day simple moving average is $80.44. The company has a debt-to-equity ratio of 14.43, a current ratio of 1.08 and a quick ratio of 1.08. TriNet Group, Inc. has a twelve month low of $63.76 and a twelve month high of $116.26. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 19.09 and a beta of 0.84.

TriNet Group (NYSE:TNET - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share for the quarter, topping analysts' consensus estimates of $1.67 by $0.32. TriNet Group had a net margin of 3.32% and a return on equity of 237.87%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $319.36 million. During the same period in the prior year, the business posted $2.18 earnings per share. Equities analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Tuesday, July 1st will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Tuesday, July 1st. TriNet Group's dividend payout ratio (DPR) is presently 32.84%.

Insider Buying and Selling at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,437 shares of TriNet Group stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $82.04, for a total transaction of $117,891.48. Following the sale, the chief technology officer owned 32,932 shares of the company's stock, valued at approximately $2,701,741.28. This trade represents a 4.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Sidney A. Majalya sold 500 shares of the company'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 owned 23,033 shares of the company's stock, valued at $1,914,963.62. The trade was a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,120 shares of company stock worth $175,291 over the last 90 days. 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.