DekaBank Deutsche Girozentrale Has $3.02 Million Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TNET. LRI Investments LLC boosted its position in TriNet Group by 643.8% in the 4th 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 during the period. PNC Financial Services Group Inc. increased its position in TriNet Group by 118.8% in 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 acquiring an additional 785 shares during the period. Xponance Inc. lifted its holdings in shares of TriNet Group by 17.8% during the fourth quarter. Xponance Inc. now owns 2,456 shares of the business services provider's stock worth $223,000 after purchasing an additional 371 shares during the period. Mariner LLC increased its stake in shares of TriNet Group by 13.7% during the fourth quarter. Mariner LLC now owns 2,763 shares of the business services provider's stock worth $251,000 after acquiring an additional 333 shares during the period. Finally, Cibc World Markets Corp purchased a new position in TriNet Group in the fourth quarter worth $271,000. Institutional investors and hedge funds own 96.81% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at TriNet Group

In other news, SVP Sidney A. Majalya sold 500 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was 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 directly owned 23,033 shares in the company, valued at approximately $1,914,963.62. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the 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 completion of the transaction, the chief technology officer owned 32,932 shares of the company's stock, valued at $2,701,741.28. This represents a 4.18% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,120 shares of company stock worth $175,291. Insiders own 38.10% of the company's stock.

TriNet Group Trading Down 2.5%

TNET stock traded down $1.70 on Tuesday, hitting $67.29. 77,785 shares of the company were exchanged, compared to its average volume of 384,498. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $116.26. The business's fifty day moving average is $78.87 and its two-hundred day moving average is $80.79. 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 stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 20.11 and a beta of 0.84.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly 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. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $319.36 million. TriNet Group had a return on equity of 237.87% and a net margin of 3.32%. During the same quarter in the prior year, the business posted $2.18 earnings per share. As a group, research analysts forecast that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Tuesday, July 1st will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Tuesday, July 1st. TriNet Group's dividend payout ratio is currently 32.84%.

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.