Van ECK Associates Corp Purchases 15,282 Shares of TriNet Group, Inc. (NYSE:TNET)

Van ECK Associates Corp grew its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 181.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,683 shares of the business services provider's stock after purchasing an additional 15,282 shares during the quarter. Van ECK Associates Corp's holdings in TriNet Group were worth $2,817,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Avion Wealth increased its holdings in shares of TriNet Group by 22.9% during the 4th quarter. Avion Wealth now owns 569 shares of the business services provider's stock worth $68,000 after buying an additional 106 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of TriNet Group by 31.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 730 shares of the business services provider's stock valued at $85,000 after purchasing an additional 176 shares in the last quarter. Group One Trading L.P. purchased a new stake in shares of TriNet Group during the 3rd quarter worth about $90,000. Blue Trust Inc. increased its position in TriNet Group by 15.7% during the 4th quarter. Blue Trust Inc. now owns 798 shares of the business services provider's stock worth $93,000 after purchasing an additional 108 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in TriNet Group by 12.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 880 shares of the business services provider's stock valued at $105,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 96.81% of the company's stock.

Insiders Place Their Bets

In other TriNet Group news, EVP Samantha Wellington sold 14,271 shares of the business's stock in a transaction on 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 completion of the sale, the executive vice president now owns 48,562 shares in the company, valued at $6,064,422.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other TriNet Group news, EVP Samantha Wellington sold 14,271 shares of TriNet Group stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total value of $1,782,162.48. Following the completion of the transaction, the executive vice president now directly owns 48,562 shares in the company, valued at $6,064,422.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Alexander G. Warren sold 2,385 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The shares were 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 have sold a total of 31,427 shares of company stock valued at $3,875,024 in the last quarter. Insiders own 37.10% of the company's stock.

Wall Street Analysts Forecast Growth

TNET has been the subject of several recent research reports. Needham & Company LLC dropped their price objective on shares of TriNet Group from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, April 26th. TD Cowen boosted their price objective on TriNet Group from $129.00 to $140.00 and gave the stock an "outperform" rating in a research note on Monday, March 4th. Stifel Nicolaus increased their target price on TriNet Group from $117.00 to $121.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Finally, StockNews.com lowered TriNet Group from a "buy" rating to a "hold" rating in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, TriNet Group has an average rating of "Hold" and a consensus price target of $117.50.

TriNet Group Stock Down 1.7 %

Shares of TNET traded down $1.77 during trading on Wednesday, reaching $103.25. The company's stock had a trading volume of 240,377 shares, compared to its average volume of 245,773. TriNet Group, Inc. has a twelve month low of $87.20 and a twelve month high of $134.67. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 6.88. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 16.89 and a beta of 1.16. The company has a fifty day moving average of $124.56 and a two-hundred day moving average of $118.61.

TriNet Group (NYSE:TNET - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.41 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.46. The firm had revenue of $326.00 million for the quarter, compared to the consensus estimate of $300.36 million. TriNet Group had a net margin of 6.78% and a return on equity of 124.38%. On average, sell-side analysts predict that TriNet Group, Inc. will post 4.78 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.97%. The ex-dividend date was Thursday, March 28th. TriNet Group's payout ratio is currently 16.39%.

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.