Charles Schwab Investment Management Inc. Sells 28,870 Shares of TriNet Group, Inc. (NYSE:TNET)

Charles Schwab Investment Management Inc. reduced its position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 452,910 shares of the business services provider's stock after selling 28,870 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.90% of TriNet Group worth $53,865,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TNET. Baxter Bros Inc. boosted its stake in shares of TriNet Group by 1.1% during the 4th quarter. Baxter Bros Inc. now owns 20,615 shares of the business services provider's stock worth $2,452,000 after acquiring an additional 220 shares during the period. Westover Capital Advisors LLC bought a new position in TriNet Group during the fourth quarter worth $387,000. New York Life Investment Management LLC acquired a new position in shares of TriNet Group in the fourth quarter valued at $694,000. Victory Capital Management Inc. raised its position in shares of TriNet Group by 160.2% in the fourth quarter. Victory Capital Management Inc. now owns 22,746 shares of the business services provider's stock valued at $2,705,000 after purchasing an additional 14,003 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of TriNet Group by 181.9% during the 4th quarter. Van ECK Associates Corp now owns 23,683 shares of the business services provider's stock worth $2,817,000 after buying an additional 15,282 shares during the period. Institutional investors and hedge funds own 96.81% of the company's stock.

TriNet Group Price Performance

TNET stock traded up $0.73 during midday trading on Friday, reaching $103.92. The company had a trading volume of 184,506 shares, compared to its average volume of 242,644. TriNet Group, Inc. has a 1-year low of $87.20 and a 1-year high of $134.67. The stock has a 50 day moving average price of $121.20 and a 200-day moving average price of $118.15. The company has a debt-to-equity ratio of 6.88, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 17.03 and a beta of 1.16.

TriNet Group (NYSE:TNET - Get Free Report) last released its earnings results on Thursday, February 15th. The business services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $0.95 by $0.46. TriNet Group had a net margin of 6.78% and a return on equity of 124.38%. The firm had revenue of $326.00 million for the quarter, compared to analyst estimates of $300.36 million. Equities research analysts expect that TriNet Group, Inc. will post 4.78 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Wayne B. Lowell sold 10,000 shares of the company's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $122.22, for a total transaction of $1,222,200.00. Following the completion of the sale, the director now directly owns 84,766 shares in the company, valued at approximately $10,360,100.52. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Wayne B. Lowell sold 10,000 shares of the firm's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $122.22, for a total transaction of $1,222,200.00. Following the sale, the director now owns 84,766 shares of the company's stock, valued at approximately $10,360,100.52. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Alexander G. Warren sold 2,385 shares of the company's stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $123.07, for a total value of $293,521.95. Following the completion of the transaction, the senior vice president now directly owns 18,365 shares of the company's stock, valued at approximately $2,260,180.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,427 shares of company stock worth $3,875,024. Corporate insiders own 37.10% of the company's stock.

Analysts Set New Price Targets

TNET has been the topic of a number of research reports. Needham & Company LLC decreased their price target on shares of TriNet Group from $150.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, April 26th. Stifel Nicolaus lifted their price target on TriNet Group from $117.00 to $121.00 and gave the stock a "buy" rating in a report on Friday, February 16th. StockNews.com cut TriNet Group from a "buy" rating to a "hold" rating in a research report on Monday, April 29th. Finally, TD Cowen lifted their target price on TriNet Group from $129.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, TriNet Group presently has an average rating of "Hold" and a consensus price target of $117.50.

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.