UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in TriNet Group, Inc. (NYSE:TNET)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 26.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,105 shares of the business services provider's stock after buying an additional 15,963 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of TriNet Group worth $6,908,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wealthfront Advisers LLC purchased a new position in shares of TriNet Group during the fourth quarter worth $456,581,000. Capital Research Global Investors increased its holdings in TriNet Group by 98.2% in the fourth quarter. Capital Research Global Investors now owns 2,822,839 shares of the business services provider's stock valued at $256,229,000 after buying an additional 1,398,573 shares in the last quarter. ArrowMark Colorado Holdings LLC purchased a new position in TriNet Group in the fourth quarter valued at $35,567,000. Wellington Management Group LLP increased its holdings in TriNet Group by 23.1% in the fourth quarter. Wellington Management Group LLP now owns 1,626,902 shares of the business services provider's stock valued at $147,674,000 after buying an additional 305,165 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in TriNet Group by 18.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,898,005 shares of the business services provider's stock valued at $172,282,000 after buying an additional 289,071 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 shares were sold at an average price of $83.14, for a total value of $41,570.00. Following the sale, the senior vice president now directly owns 23,033 shares of the company's stock, valued at approximately $1,914,963.62. The trade was a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the business's stock in a transaction that occurred 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 sale, the chief technology officer now directly owns 32,932 shares in the company, valued at $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. Over the last three months, insiders have sold 2,120 shares of company stock worth $175,291. 38.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of TriNet Group in a report on Thursday, March 13th. JPMorgan Chase & Co. lifted their price objective 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. Finally, TD Cowen cut shares of TriNet Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $104.00 to $74.00 in a report on Tuesday, February 18th.

TriNet Group Price Performance

Shares of TNET stock traded down $0.77 on Thursday, reaching $82.73. 163,353 shares of the company were exchanged, compared to its average volume of 380,365. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 24.19 and a beta of 0.91. The business has a 50-day moving average price of $79.83 and a 200 day moving average price of $84.09. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. TriNet Group, Inc. has a 1 year low of $65.43 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 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.32. The business had revenue of $1.29 billion during 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 quarter in the previous year, the company earned $2.18 earnings per share. Equities research analysts forecast that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Tuesday, April 1st were given a dividend of $0.275 per share. The ex-dividend date was Tuesday, April 1st. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 1.33%. TriNet Group's payout ratio is presently 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.