Two Sigma Investments LP Purchases 3,436 Shares of TriNet Group, Inc. (NYSE:TNET)

Two Sigma Investments LP lifted its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,449 shares of the business services provider's stock after purchasing an additional 3,436 shares during the period. Two Sigma Investments LP owned approximately 0.18% of TriNet Group worth $8,029,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. LRI Investments LLC grew its holdings in shares of TriNet Group by 643.8% during the fourth quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock valued at $60,000 after buying an additional 573 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of TriNet Group by 45.5% during 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 in the last quarter. Avion Wealth grew its holdings 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 valued at $98,000 after buying an additional 140 shares in the last quarter. 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 valued at $124,000 after buying an additional 415 shares in 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 valued at $131,000 after buying an additional 785 shares in the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

TriNet Group Stock Down 1.3%

Shares of NYSE:TNET traded down $1.09 on Wednesday, reaching $81.35. The company had a trading volume of 213,542 shares, compared to its average volume of 383,157. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $116.26. The stock has a 50-day moving average price of $79.42 and a 200 day moving average price of $84.56. The stock has a market capitalization of $3.94 billion, a P/E ratio of 23.79 and a beta of 0.91. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16.

TriNet Group (NYSE:TNET - Get Free Report) last announced 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 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 analysts' expectations of $319.36 million. During the same quarter in the previous year, the firm earned $2.18 earnings per share. On average, equities analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current 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 given a $0.275 dividend. This is an increase from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Tuesday, April 1st. TriNet Group's dividend payout ratio (DPR) is currently 32.84%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. TD Cowen downgraded TriNet Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $104.00 to $74.00 in a report on Tuesday, February 18th. Needham & Company LLC reiterated a "hold" rating on shares of TriNet Group in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. boosted 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.

Insider Activity

In other TriNet Group news, SVP Sidney A. Majalya sold 500 shares of TriNet Group stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $83.14, for a total value of $41,570.00. Following the transaction, the senior vice president now directly owns 23,033 shares of the company's stock, valued at $1,914,963.62. The trade was a 2.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 38.10% of the stock is currently owned by company insiders.

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.