65,389 Shares in TriNet Group, Inc. (NYSE:TNET) Bought by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. purchased a new stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 65,389 shares of the business services provider's stock, valued at approximately $7,777,000. Cookson Peirce & Co. Inc. owned approximately 0.13% of TriNet Group at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Amundi bought a new stake in shares of TriNet Group during the fourth quarter valued at approximately $33,000. Captrust Financial Advisors raised its position 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 valued at $48,000 after buying an additional 273 shares during the last quarter. Avion Wealth raised its position 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 valued at $53,000 after buying an additional 109 shares during the last quarter. Royal Bank of Canada raised its position 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 valued at $72,000 after buying an additional 245 shares during the last quarter. Finally, Ronald Blue Trust Inc. raised its position in shares of TriNet Group by 351.0% during 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. Hedge funds and other institutional investors own 96.81% of the company's stock.

Insiders Place Their Bets

In other news, CEO Burton M. Goldfield sold 2,783 shares of the company's stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $116.67, for a total transaction of $324,692.61. Following the transaction, the chief executive officer now owns 125,046 shares in the company, valued at $14,589,116.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Burton M. Goldfield sold 2,783 shares of the company's stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $116.67, for a total transaction of $324,692.61. Following the transaction, the chief executive officer now owns 125,046 shares in the company, valued at $14,589,116.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Samantha Wellington sold 14,271 shares of the company's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $124.88, for a total transaction of $1,782,162.48. Following the transaction, the executive vice president now owns 48,562 shares in the company, valued at approximately $6,064,422.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,835 shares of company stock worth $4,161,834. 40.60% of the stock is owned by corporate insiders.

TriNet Group Stock Up 0.1 %

NYSE:TNET traded up $0.19 during mid-day trading on Tuesday, reaching $126.92. The company's stock had a trading volume of 95,950 shares, compared to its average volume of 225,035. TriNet Group, Inc. has a 1 year low of $79.00 and a 1 year high of $134.67. The stock has a fifty day moving average of $126.10 and a 200-day moving average of $118.85. The firm has a market capitalization of $6.42 billion, a PE ratio of 19.56 and a beta of 1.09. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 12.62.

TriNet Group (NYSE:TNET - Get Free Report) last announced its earnings results on Thursday, February 15th. The business services provider reported $1.41 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 7.62% and a return on equity of 87.97%. Equities research analysts forecast that TriNet Group, Inc. will post 5.79 earnings per share for the current year.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 1st will be issued a $0.25 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.79%. TriNet Group's dividend payout ratio is presently 15.41%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TNET. StockNews.com upgraded shares of TriNet Group from a "hold" rating to a "buy" rating in a research report on Monday, February 5th. Stifel Nicolaus boosted their price target on shares of TriNet Group from $117.00 to $121.00 and gave the stock a "buy" rating in a research report on Friday, February 16th. TD Cowen boosted their price target on shares of TriNet Group from $129.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, March 4th. Finally, Needham & Company LLC restated a "buy" rating and issued a $150.00 price target on shares of TriNet Group in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, TriNet Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.17.

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.