Yorktown Management & Research Co Inc acquired a new stake in TriNet Group, Inc. (NYSE:TNET - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,350 shares of the business services provider's stock, valued at approximately $345,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Wealthfront Advisers LLC bought a new position in shares of TriNet Group during the 4th quarter worth about $456,581,000. Capital Research Global Investors boosted 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 worth $256,229,000 after acquiring an additional 1,398,573 shares in the last quarter. ArrowMark Colorado Holdings LLC bought a new position in TriNet Group in the fourth quarter worth approximately $35,567,000. Vaughan Nelson Investment Management L.P. acquired a new stake in TriNet Group in the first quarter valued at approximately $27,037,000. Finally, Wellington Management Group LLP increased its holdings in shares of TriNet Group by 23.1% during 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 acquiring an additional 305,165 shares in the last quarter. 96.81% of the stock is owned by institutional investors.
Insider Buying and Selling
In other TriNet Group news, SVP Sidney A. Majalya sold 500 shares of TriNet Group stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $83.14, for a total transaction of $41,570.00. Following the completion of the transaction, the senior vice president now owns 23,033 shares of the company's stock, valued at $1,914,963.62. The trade was a 2.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the stock in a transaction dated Tuesday, May 27th. The stock was 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 approximately $2,701,741.28. The trade was 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. 37.10% of the stock is owned by company insiders.
TriNet Group Stock Up 0.7%
NYSE:TNET traded up $0.50 during trading hours on Tuesday, hitting $75.00. 264,869 shares of the company traded hands, compared to its average volume of 381,496. The firm's 50-day simple moving average is $80.19 and its 200-day simple moving average is $82.64. The company has a market cap of $3.63 billion, a PE ratio of 22.39 and a beta of 0.90. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 14.43. TriNet Group, Inc. has a one year low of $65.43 and a one year high of $116.26.
TriNet Group (NYSE:TNET - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The business services provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.32. TriNet Group had a return on equity of 237.87% and a net margin of 3.32%. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $319.36 million. During the same quarter in the previous year, the firm earned $2.18 earnings per share. Equities analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current year.
TriNet Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Tuesday, July 1st will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $1.10 annualized dividend and a dividend yield of 1.47%. TriNet Group's payout ratio is currently 32.84%.
Analyst Ratings Changes
A number of brokerages recently issued reports on TNET. JPMorgan Chase & Co. increased their target price on TriNet Group from $75.00 to $76.00 and gave the stock an "underweight" rating in a report on Monday, April 28th. Needham & Company LLC restated a "hold" rating on shares of TriNet Group in a report on Thursday, March 13th.
Check Out Our Latest Analysis on TriNet Group
TriNet Group Profile
(
Free Report)
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.
See Also
Before you consider TriNet Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TriNet Group wasn't on the list.
While TriNet Group currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
