Two Sigma Advisers LP Purchases 17,500 Shares of TriNet Group, Inc. (NYSE:TNET)

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

Several other institutional investors also recently bought and sold shares of the business. LRI Investments LLC grew its holdings in TriNet Group by 643.8% in the fourth quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock valued at $60,000 after purchasing an additional 573 shares during the period. IFP Advisors Inc boosted its holdings in TriNet Group by 45.5% in the 4th quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock worth $71,000 after acquiring an additional 240 shares during the period. Avion Wealth raised its stake 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 purchasing an additional 140 shares during the period. KBC Group NV grew its stake 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 acquiring an additional 415 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of 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 purchasing an additional 785 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Stock Up 0.2%

Shares of NYSE:TNET traded up $0.18 during trading on Friday, reaching $82.32. 20,998 shares of the company traded hands, compared to its average volume of 380,458. The firm has a fifty day simple moving average of $79.55 and a 200 day simple moving average of $84.44. 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, Inc. has a 1-year low of $65.43 and a 1-year high of $116.26. The firm has a market cap of $3.98 billion, a P/E ratio of 24.10 and a beta of 0.91.

TriNet Group (NYSE:TNET - Get Free Report) last issued its 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 for the quarter, compared to the consensus estimate of $319.36 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. During the same quarter in the previous year, the company posted $2.18 earnings per share. Analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Tuesday, April 1st. This is an increase from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio is 32.84%.

Insider Activity

In other TriNet Group news, SVP Sidney A. Majalya sold 500 shares of the firm'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 sale, the senior vice president now owns 23,033 shares of the company's stock, valued at $1,914,963.62. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $82.04, for a total value of $117,891.48. Following the transaction, the chief technology officer now owns 32,932 shares of the company's stock, valued at approximately $2,701,741.28. This trade 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 have sold 2,120 shares of company stock valued at $175,291. Insiders own 38.10% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen cut shares of TriNet Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lifted their target price on shares of TriNet Group from $75.00 to $76.00 and gave the stock an "underweight" rating in a research report on Monday, April 28th.

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.