TriNet Group, Inc. (NYSE:TNET) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its position in TriNet Group, Inc. (NYSE:TNET - Free Report) by 148.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,043 shares of the business services provider's stock after purchasing an additional 23,343 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.08% of TriNet Group worth $4,572,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TNET. Amundi bought a new position in TriNet Group in the fourth quarter worth about $33,000. Captrust Financial Advisors grew its stake in shares of TriNet Group by 78.7% during the second quarter. Captrust Financial Advisors now owns 620 shares of the business services provider's stock worth $48,000 after acquiring an additional 273 shares during the last quarter. Avion Wealth grew its stake in shares of TriNet Group by 30.8% during the third quarter. Avion Wealth now owns 463 shares of the business services provider's stock worth $53,000 after acquiring an additional 109 shares during the last quarter. Royal Bank of Canada grew its stake in shares of TriNet Group by 31.7% during the third quarter. Royal Bank of Canada now owns 1,017 shares of the business services provider's stock worth $72,000 after acquiring an additional 245 shares during the last quarter. Finally, Ronald Blue Trust Inc. boosted its position in TriNet Group by 351.0% in the third quarter. Ronald Blue Trust Inc. now owns 690 shares of the business services provider's stock valued at $80,000 after buying an additional 537 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors.

Insider Transactions at TriNet Group

In other news, CEO Burton M. Goldfield sold 2,783 shares of the company's stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $116.67, for a total transaction of $324,692.61. Following the completion of the transaction, the chief executive officer now directly owns 125,046 shares of the company's stock, valued at approximately $14,589,116.82. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Burton M. Goldfield sold 2,783 shares of the company's stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $116.67, for a total transaction of $324,692.61. Following the completion of the transaction, the chief executive officer now directly owns 125,046 shares of the company's stock, valued at approximately $14,589,116.82. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Alexander G. Warren sold 2,385 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $123.07, for a total value of $293,521.95. Following the transaction, the senior vice president now directly owns 18,365 shares of the company's stock, valued at $2,260,180.55. The disclosure for this sale can be found here. Insiders sold a total of 33,835 shares of company stock valued at $4,161,834 in the last three months. 37.40% of the stock is currently owned by company insiders.

TriNet Group Stock Performance

NYSE:TNET traded down $3.12 during trading hours on Friday, reaching $128.05. The company had a trading volume of 129,547 shares, compared to its average volume of 227,826. TriNet Group, Inc. has a 1-year low of $79.00 and a 1-year high of $134.67. The firm has a market cap of $6.48 billion, a PE ratio of 19.73 and a beta of 1.09. The business's 50 day moving average price is $125.61 and its 200-day moving average price is $118.64. The company has a debt-to-equity ratio of 12.62, a current ratio of 1.05 and a quick ratio of 1.05.

TriNet Group (NYSE:TNET - Get Free Report) last announced its earnings results on Thursday, February 15th. The business services provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.46. The business had revenue of $326.00 million during the quarter, compared to the consensus estimate of $300.36 million. TriNet Group had a return on equity of 87.97% and a net margin of 7.62%. Research analysts forecast that TriNet Group, Inc. will post 5.79 EPS for the current year.

TriNet Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 1st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, March 28th. TriNet Group's payout ratio is 15.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Stifel Nicolaus upped their target price on TriNet Group from $117.00 to $121.00 and gave the company a "buy" rating in a research report on Friday, February 16th. StockNews.com upgraded TriNet Group from a "hold" rating to a "buy" rating in a research report on Monday, February 5th. Needham & Company LLC reissued a "buy" rating and issued a $150.00 price target on shares of TriNet Group in a report on Friday, March 1st. Finally, TD Cowen boosted their price target on TriNet Group from $129.00 to $140.00 and gave the company an "outperform" rating in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $119.17.

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.