Dimensional Fund Advisors LP Grows Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

Dimensional Fund Advisors LP increased its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 812,990 shares of the business services provider's stock after acquiring an additional 37,851 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.61% of TriNet Group worth $96,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the business. Principal Securities Inc. purchased a new position in TriNet Group during the fourth quarter valued at $26,000. Avion Wealth increased its holdings in shares of TriNet Group by 22.9% in the 4th quarter. Avion Wealth now owns 569 shares of the business services provider's stock worth $68,000 after purchasing an additional 106 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings 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 worth $85,000 after purchasing an additional 176 shares in the last quarter. Group One Trading L.P. bought a new stake in shares of TriNet Group in the 3rd quarter worth $90,000. Finally, Blue Trust Inc. increased its holdings in shares of TriNet Group by 15.7% in 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. 96.81% of the stock is currently owned by institutional investors.

TriNet Group Price Performance

Shares of NYSE TNET traded up $0.55 during mid-day trading on Thursday, reaching $107.31. The company's stock had a trading volume of 352,871 shares, compared to its average volume of 245,599. The firm has a market capitalization of $5.43 billion, a PE ratio of 17.61 and a beta of 1.16. 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 stock has a fifty day moving average of $119.56 and a two-hundred day moving average of $118.30. TriNet Group, Inc. has a 52 week low of $87.20 and a 52 week high of $134.67.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The business services provider reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.22 by ($0.36). TriNet Group had a net margin of 6.78% and a return on equity of 124.38%. The firm had revenue of $357.00 million for the quarter, compared to the consensus estimate of $380.41 million. As a group, sell-side analysts anticipate that TriNet Group, Inc. will post 4.78 EPS for the current fiscal year.

Insider Activity at TriNet Group

In other news, Director Paul Edward Chamberlain sold 375 shares of the firm's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $101.02, for a total value of $37,882.50. Following the completion of the sale, the director now directly owns 36,341 shares of the company's stock, valued at approximately $3,671,167.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Alexander G. Warren sold 1,867 shares of the firm's stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $103.74, for a total value of $193,682.58. Following the completion of the sale, the senior vice president now directly owns 32,661 shares of the company's stock, valued at approximately $3,388,252.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Edward Chamberlain sold 375 shares of the firm's stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $101.02, for a total value of $37,882.50. Following the completion of the sale, the director now directly owns 36,341 shares of the company's stock, valued at $3,671,167.82. The disclosure for this sale can be found here. 37.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on TNET shares. StockNews.com lowered TriNet Group from a "buy" rating to a "hold" rating in a report on Monday, April 29th. Stifel Nicolaus upped their price target on 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 upped their price target on 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 reduced their price target on TriNet Group from $150.00 to $140.00 and set a "buy" rating for the company in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, TriNet Group has an average rating of "Hold" and a consensus target price of $117.50.

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.