TriNet Group, Inc. (NYSE:TNET) Stock Holdings Increased by Two Sigma Advisers LP

Two Sigma Advisers LP raised its position in TriNet Group, Inc. (NYSE:TNET - Free Report) by 50.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,000 shares of the business services provider's stock after purchasing an additional 17,500 shares during the quarter. Two Sigma Advisers LP owned 0.10% of TriNet Group worth $4,720,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. LRI Investments LLC grew its holdings in shares of TriNet Group by 643.8% during the 4th quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock worth $60,000 after purchasing an additional 573 shares during the period. IFP Advisors Inc raised its holdings in TriNet Group by 45.5% in 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 during the period. Avion Wealth lifted its position in 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 stake in TriNet Group by 43.7% during the fourth quarter. KBC Group NV now owns 1,365 shares of the business services provider's stock worth $124,000 after buying an additional 415 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of TriNet Group by 118.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider's stock worth $131,000 after acquiring an additional 785 shares in the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

TriNet Group Stock Up 1.0%

NYSE TNET traded up $0.81 on Thursday, reaching $82.08. The company had a trading volume of 83,553 shares, compared to its average volume of 443,465. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. TriNet Group, Inc. has a 1 year low of $65.43 and a 1 year high of $116.26. The firm has a 50-day moving average of $79.51 and a 200-day moving average of $84.53. The firm has a market capitalization of $3.97 billion, a PE ratio of 24.00 and a beta of 0.91.

TriNet Group (NYSE:TNET - Get Free Report) last posted its earnings results on Friday, April 25th. The business services provider reported $1.99 EPS 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 analysts' expectations of $319.36 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. During the same period in the previous year, the company posted $2.18 earnings per share. On average, equities research analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st were given a $0.275 dividend. This is a boost from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Tuesday, April 1st. TriNet Group's dividend payout ratio is presently 32.84%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TNET. TD Cowen downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and cut their target price for the company from $104.00 to $74.00 in a research note 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 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.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, SVP Sidney A. Majalya sold 500 shares of the company'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 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. This represents a 2.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 38.10% of the stock is currently owned by corporate insiders.

TriNet Group Company 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.