Vaughan Nelson Investment Management L.P. Purchases Shares of 341,190 TriNet Group, Inc. (NYSE:TNET)

Vaughan Nelson Investment Management L.P. acquired a new position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 341,190 shares of the business services provider's stock, valued at approximately $27,037,000. Vaughan Nelson Investment Management L.P. owned approximately 0.70% of TriNet Group as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Rhumbline Advisers boosted its holdings in shares of TriNet Group by 3.4% in the fourth quarter. Rhumbline Advisers now owns 47,452 shares of the business services provider's stock worth $4,307,000 after buying an additional 1,558 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in TriNet Group by 20.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 23,576 shares of the business services provider's stock worth $2,140,000 after purchasing an additional 3,952 shares during the period. Handelsbanken Fonder AB grew its position in TriNet Group by 14.6% during the 4th quarter. Handelsbanken Fonder AB now owns 8,637 shares of the business services provider's stock worth $784,000 after purchasing an additional 1,100 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in TriNet Group during the 4th quarter worth approximately $520,000. Finally, IFP Advisors Inc raised its stake in TriNet Group by 45.5% during the 4th quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock valued at $71,000 after purchasing an additional 240 shares during the period. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TNET has been the topic of a number of research analyst reports. TD Cowen downgraded TriNet Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $104.00 to $74.00 in a report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their target price on TriNet Group from $75.00 to $76.00 and gave the company an "underweight" rating in a research note on Monday, April 28th. Finally, Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th.

Insider Activity at TriNet Group

In related 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 completion of the sale, the senior vice president now directly owns 23,033 shares in the company, valued at approximately $1,914,963.62. This represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were 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 in the company, 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. Over the last quarter, insiders have sold 2,120 shares of company stock valued at $175,291. 37.10% of the stock is currently owned by corporate insiders.

TriNet Group Stock Down 1.3%

Shares of TriNet Group stock traded down $1.02 on Wednesday, hitting $75.49. 119,287 shares of the company traded hands, compared to its average volume of 378,572. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $116.26. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 14.43. The company has a market cap of $3.65 billion, a PE ratio of 22.56 and a beta of 0.90. The company has a 50-day moving average price of $80.47 and a 200 day moving average price of $83.25.

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. TriNet Group had a return on equity of 237.87% and a net margin of 3.32%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $319.36 million. During the same quarter in the previous year, the company posted $2.18 earnings per share. Sell-side analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Tuesday, July 1st will be issued a $0.275 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $1.10 dividend on an annualized basis and a yield of 1.46%. 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.