46,078 Shares in TriNet Group, Inc. (NYSE:TNET) Bought by Woodline Partners LP

Woodline Partners LP acquired a new position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 46,078 shares of the business services provider's stock, valued at approximately $4,182,000. Woodline Partners LP owned about 0.09% of TriNet Group as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TNET. Vanguard Group Inc. raised its position in TriNet Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,992,008 shares of the business services provider's stock valued at $271,585,000 after purchasing an additional 36,216 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of TriNet Group by 82.7% during the 4th quarter. Bank of New York Mellon Corp now owns 222,458 shares of the business services provider's stock valued at $20,193,000 after purchasing an additional 100,728 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of 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 buying an additional 240 shares in the last quarter. Barclays PLC lifted its position in TriNet Group by 201.0% in the 3rd quarter. Barclays PLC now owns 94,649 shares of the business services provider's stock worth $9,179,000 after buying an additional 63,201 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC lifted its position in TriNet Group by 246.6% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 10,190 shares of the business services provider's stock worth $925,000 after buying an additional 7,250 shares during the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research note on Thursday, March 13th. TD Cowen lowered shares of TriNet Group from a "buy" rating to a "hold" rating and reduced their target price for the company 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.

Insider Buying and Selling at TriNet Group

In other news, SVP Sidney A. Majalya sold 500 shares of TriNet Group 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 directly owns 23,033 shares in the company, valued at approximately $1,914,963.62. This trade represents a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 38.10% of the company's stock.

TriNet Group Trading Up 1.0%

TNET stock traded up $0.85 during trading on Thursday, hitting $82.12. 94,991 shares of the company traded hands, compared to its average volume of 381,711. The company has a 50-day moving average of $79.51 and a 200-day moving average of $84.53. 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. The firm has a market capitalization of $3.97 billion, a PE ratio of 23.95 and a beta of 0.91.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The business services provider reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.32. The firm had revenue of $1.29 billion during 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 predict that TriNet Group, Inc. will post 3.04 earnings per share 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. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.34%. TriNet Group's payout ratio is presently 32.84%.

TriNet Group 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.