TriNet Group, Inc. (NYSE:TNET) Holdings Raised by Sea Cliff Partners Management LP

Sea Cliff Partners Management LP lifted its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 39.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,439 shares of the business services provider's stock after buying an additional 60,439 shares during the period. TriNet Group makes up 6.8% of Sea Cliff Partners Management LP's portfolio, making the stock its 8th biggest position. Sea Cliff Partners Management LP owned about 0.43% of TriNet Group worth $19,555,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TNET. Vanguard Group Inc. lifted its holdings in TriNet Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 2,992,008 shares of the business services provider's stock valued at $271,585,000 after acquiring an additional 36,216 shares during the period. Bank of New York Mellon Corp grew its position in shares of TriNet Group by 82.7% during the fourth quarter. Bank of New York Mellon Corp now owns 222,458 shares of the business services provider's stock worth $20,193,000 after purchasing an additional 100,728 shares in the last quarter. Franklin Resources Inc. grew its position in shares of TriNet Group by 3.4% during the third quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider's stock worth $499,000 after purchasing an additional 169 shares in the last quarter. Barclays PLC grew its position in shares of TriNet Group by 201.0% during the third quarter. Barclays PLC now owns 94,649 shares of the business services provider's stock worth $9,179,000 after purchasing an additional 63,201 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC grew its position in shares of TriNet Group by 246.6% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 10,190 shares of the business services provider's stock worth $925,000 after purchasing an additional 7,250 shares in the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TNET shares. Needham & Company LLC reiterated a "hold" rating on shares of TriNet Group in a report on Thursday, March 13th. JPMorgan Chase & Co. boosted their target price on TriNet Group from $75.00 to $76.00 and gave the stock an "underweight" rating in a research note on Monday, April 28th. Finally, TD Cowen downgraded TriNet Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $104.00 to $74.00 in a research note on Tuesday, February 18th.

TriNet Group Stock Performance

TriNet Group stock traded down $0.81 during trading hours on Thursday, hitting $82.30. 50,817 shares of the stock traded hands, compared to its average volume of 451,711. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The firm's 50 day moving average price is $79.19 and its 200-day moving average price is $84.79. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 24.08 and a beta of 0.91. TriNet Group, Inc. has a 1 year low of $65.43 and a 1 year high of $116.26.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $319.36 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. During the same quarter in the previous year, the firm posted $2.18 EPS. As a group, equities analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio is presently 32.84%.

Insider Buying and Selling at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,364 shares of TriNet Group stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $94,607.04. Following the completion of the sale, the chief technology officer now directly owns 19,867 shares of the company's stock, valued at approximately $1,377,975.12. The trade was a 6.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction 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 sale, the director now directly owns 36,991 shares of the company's stock, valued at $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. Insiders own 38.10% of the company's stock.

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.