Massachusetts Financial Services Co. MA Has $168.24 Million Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

Massachusetts Financial Services Co. MA increased its position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 11.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,123,201 shares of the business services provider's stock after acquiring an additional 225,196 shares during the quarter. Massachusetts Financial Services Co. MA owned about 4.39% of TriNet Group worth $168,242,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of TriNet Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,992,008 shares of the business services provider's stock worth $271,585,000 after purchasing an additional 36,216 shares during the period. Capital Research Global Investors raised its stake in 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 worth $256,229,000 after buying an additional 1,398,573 shares during the period. Wellington Management Group LLP raised its stake 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 worth $147,674,000 after buying an additional 305,165 shares during the period. Dimensional Fund Advisors LP raised its stake in TriNet Group by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 828,410 shares of the business services provider's stock worth $75,196,000 after buying an additional 22,114 shares during the period. Finally, ArrowMark Colorado Holdings LLC acquired a new stake in TriNet Group during the 4th quarter worth $35,567,000. Institutional investors and hedge funds own 96.81% of the company's stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other TriNet Group news, 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 transaction, the senior vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the company's stock in a transaction on 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 in the company, valued at approximately $2,701,741.28. This represents a 4.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,120 shares of company stock valued at $175,291. Corporate insiders own 38.10% of the company's stock.

TriNet Group Trading Down 1.2%

TriNet Group stock traded down $0.77 during mid-day trading on Friday, hitting $63.90. 360,590 shares of the company's stock were exchanged, compared to its average volume of 383,975. The firm has a market capitalization of $3.09 billion, a P/E ratio of 19.07 and a beta of 0.84. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 14.43. TriNet Group, Inc. has a fifty-two week low of $63.77 and a fifty-two week high of $116.26. The company's 50 day simple moving average is $77.35 and its 200-day simple moving average is $80.08.

TriNet Group (NYSE:TNET - Get Free Report) last announced 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. TriNet Group had a net margin of 3.32% and a return on equity of 237.87%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $319.36 million. During the same period in the prior year, the business earned $2.18 EPS. On average, equities analysts anticipate 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. Shareholders of record on Tuesday, July 1st will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.72%. 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.