TriNet Group, Inc. (NYSE:TNET) Holdings Raised by Barclays PLC

Barclays PLC boosted its stake in TriNet Group, Inc. (NYSE:TNET - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 113,472 shares of the business services provider's stock after buying an additional 18,823 shares during the quarter. Barclays PLC owned approximately 0.23% of TriNet Group worth $10,300,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Summit Investment Advisors Inc. lifted its stake in TriNet Group by 4.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,344 shares of the business services provider's stock valued at $304,000 after buying an additional 149 shares in the last quarter. Paralel Advisors LLC lifted its stake in TriNet Group by 10.0% in the 4th quarter. Paralel Advisors LLC now owns 18,949 shares of the business services provider's stock valued at $1,720,000 after buying an additional 1,720 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of TriNet Group during the 4th quarter worth $1,395,000. Russell Investments Group Ltd. lifted its stake in shares of TriNet Group by 3.1% during the 4th quarter. Russell Investments Group Ltd. now owns 78,855 shares of the business services provider's stock worth $7,158,000 after purchasing an additional 2,349 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of TriNet Group by 4.7% during the 4th quarter. Wells Fargo & Company MN now owns 77,518 shares of the business services provider's stock worth $7,036,000 after purchasing an additional 3,456 shares during the period. Hedge funds and other institutional investors own 96.81% of the company's stock.

Insider Activity at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,364 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $94,607.04. Following the completion of the sale, the chief technology officer now owns 19,867 shares in the company, valued at $1,377,975.12. This trade represents a 6.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the transaction, the director now directly owns 36,991 shares in the company, valued at approximately $2,565,695.76. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 37.10% of the stock is owned by insiders.

Analyst Ratings Changes

TNET has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on TriNet Group from $75.00 to $76.00 and gave the stock an "underweight" rating in a research note on Monday. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research note on Thursday, March 13th. Finally, TD Cowen lowered TriNet Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $104.00 to $74.00 in a research note on Tuesday, February 18th.

TriNet Group Trading Up 2.8 %

Shares of TNET traded up $2.20 during trading hours on Monday, hitting $79.49. The stock had a trading volume of 553,782 shares, compared to its average volume of 383,736. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $3.85 billion, a P/E ratio of 23.24 and a beta of 1.06. The company's fifty day simple moving average is $75.87 and its 200 day simple moving average is $85.65. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $116.26.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.32. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $319.36 million. During the same period in the prior year, the firm earned $2.18 EPS. Equities research analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be issued a $0.275 dividend. This is an increase from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 1.38%. The ex-dividend date is Tuesday, April 1st. TriNet Group's dividend payout ratio is currently 32.84%.

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.