TriNet Group, Inc. (NYSE:TNET) Holdings Lowered by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV trimmed its stake in TriNet Group, Inc. (NYSE:TNET - Free Report) by 16.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,748 shares of the business services provider's stock after selling 53,536 shares during the period. Mercer Global Advisors Inc. ADV owned 0.53% of TriNet Group worth $24,031,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. IFP Advisors Inc boosted its stake in shares of TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock worth $71,000 after acquiring an additional 240 shares during the period. Avion Wealth boosted its position in shares of TriNet Group by 14.9% during the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock valued at $98,000 after buying an additional 140 shares during the period. KBC Group NV grew its stake in shares of TriNet Group by 43.7% during the fourth quarter. KBC Group NV now owns 1,365 shares of the business services provider's stock valued at $124,000 after buying an additional 415 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in TriNet Group by 118.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider's stock valued at $131,000 after acquiring an additional 785 shares during the period. Finally, Xponance Inc. boosted its stake in shares of TriNet Group by 17.8% during the fourth quarter. Xponance Inc. now owns 2,456 shares of the business services provider's stock valued at $223,000 after purchasing an additional 371 shares during the period. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on TNET shares. JPMorgan Chase & Co. raised their target price on shares of TriNet Group from $75.00 to $76.00 and gave the company an "underweight" rating in a research report on Monday, April 28th. Needham & Company LLC reaffirmed a "hold" rating on shares of TriNet Group in a report on Thursday, March 13th. Finally, TD Cowen cut TriNet Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $104.00 to $74.00 in a research note on Tuesday, February 18th.

Insider Activity at TriNet Group

In other news, Director Paul Edward Chamberlain sold 600 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the transaction, the director now owns 36,991 shares of the company's stock, valued at approximately $2,565,695.76. This trade represents a 1.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $94,607.04. Following the completion of the sale, the chief technology officer now directly owns 19,867 shares of the company's stock, valued at $1,377,975.12. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by corporate insiders.

TriNet Group Stock Up 0.0 %

TNET traded up $0.02 on Wednesday, hitting $79.42. 83,533 shares of the company were exchanged, compared to its average volume of 471,842. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 23.25 and a beta of 0.91. The firm has a 50-day moving average price of $76.94 and a two-hundred day moving average price of $85.01. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $116.26.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings data 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 net margin of 3.46% and a return on equity of 200.82%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $319.36 million. During the same quarter last year, the firm earned $2.18 earnings per share. On average, equities analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Tuesday, April 1st. This is a boost from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio is 32.84%.

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.