Vanguard Group Inc. Has $236.68 Million Stock Position in TriNet Group, Inc. $TNET

Key Points

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Vanguard Group Inc. cut its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 0.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,986,844 shares of the business services provider's stock after selling 5,164 shares during the period. Vanguard Group Inc. owned about 6.17% of TriNet Group worth $236,678,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TNET. LRI Investments LLC lifted its stake in shares of 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 purchasing an additional 573 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of TriNet Group by 58.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,291 shares of the business services provider's stock valued at $182,000 after purchasing an additional 845 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of TriNet Group in the 1st quarter valued at about $206,000. Xponance Inc. grew its holdings in shares of TriNet Group by 6.4% in the 1st quarter. Xponance Inc. now owns 2,613 shares of the business services provider's stock valued at $207,000 after acquiring an additional 157 shares in the last quarter. Finally, AE Wealth Management LLC bought a new position in shares of TriNet Group in the 1st quarter valued at about $208,000. 96.81% of the stock is currently owned by institutional investors.

TriNet Group Stock Performance

NYSE TNET opened at $65.60 on Tuesday. The firm's fifty day moving average price is $69.93 and its two-hundred day moving average price is $76.03. The stock has a market cap of $3.19 billion, a PE ratio of 22.54 and a beta of 0.83. TriNet Group, Inc. has a fifty-two week low of $62.55 and a fifty-two week high of $104.06. The company has a debt-to-equity ratio of 8.36, a quick ratio of 1.10 and a current ratio of 1.10.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The business services provider reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.12. TriNet Group had a net margin of 2.85% and a return on equity of 208.35%. The company had revenue of $282.90 million for the quarter, compared to analyst estimates of $278.93 million. During the same quarter in the previous year, the business earned $1.53 earnings per share. On average, equities analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 1st were paid a $0.275 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $1.10 annualized dividend and a yield of 1.7%. TriNet Group's dividend payout ratio (DPR) is 37.80%.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,437 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $82.04, for a total value of $117,891.48. Following the sale, the chief technology officer directly owned 32,932 shares in the company, valued at $2,701,741.28. This represents a 4.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $64.18, for a total transaction of $38,508.00. Following the completion of the transaction, the director owned 38,440 shares in the company, valued at approximately $2,467,079.20. The trade was a 1.54% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,537 shares of company stock worth $197,969. Insiders own 37.10% of the company's stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their target price on shares of TriNet Group from $76.00 to $75.00 and set an "underweight" rating for the company in a research note on Monday, July 28th.

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.

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