TriNet Group, Inc. (NYSE:TNET) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its position in TriNet Group, Inc. (NYSE:TNET - Free Report) by 15.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,096 shares of the business services provider's stock after buying an additional 5,353 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.08% of TriNet Group worth $3,020,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of TriNet Group by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 493,836 shares of the business services provider's stock valued at $44,825,000 after acquiring an additional 20,483 shares in the last quarter. Raymond James Financial Inc. acquired a new position in TriNet Group during the 4th quarter valued at approximately $1,395,000. PNC Financial Services Group Inc. increased its stake in TriNet Group by 118.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider's stock valued at $131,000 after purchasing an additional 785 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of TriNet Group by 11.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,442 shares of the business services provider's stock valued at $766,000 after acquiring an additional 872 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of TriNet Group in the fourth quarter worth $271,000. Institutional investors own 96.81% of the company's stock.

Analyst Ratings Changes

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

TriNet Group Stock Performance

NYSE:TNET traded down $0.18 during trading hours on Wednesday, reaching $65.65. The company had a trading volume of 429,074 shares, compared to its average volume of 426,824. The business's 50 day moving average price is $78.36 and its 200-day moving average price is $80.54. The company has a debt-to-equity ratio of 14.43, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market cap of $3.18 billion, a PE ratio of 19.60 and a beta of 0.84. TriNet Group, Inc. has a 1-year low of $64.63 and a 1-year high of $116.26.

TriNet Group (NYSE:TNET - Get Free Report) last released its 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. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $319.36 million. TriNet Group had a net margin of 3.32% and a return on equity of 237.87%. During the same period last year, the company posted $2.18 EPS. Research analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Tuesday, July 1st. TriNet Group's dividend payout ratio (DPR) is currently 32.84%.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,437 shares of TriNet Group stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $82.04, for a total transaction of $117,891.48. Following the transaction, the chief technology officer directly owned 32,932 shares of the company's stock, valued at $2,701,741.28. The trade was a 4.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Sidney A. Majalya sold 500 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $83.14, for a total transaction of $41,570.00. Following the completion of the transaction, the senior vice president owned 23,033 shares in the company, 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. Over the last 90 days, insiders sold 2,120 shares of company stock valued at $175,291. 37.10% of the stock is owned by company insiders.

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.