TriNet Group, Inc. (NYSE:TNET) is Sea Cliff Partners Management LP's 8th Largest Position

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

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Wealthfront Advisers LLC acquired a new stake in TriNet Group during the fourth quarter worth approximately $456,581,000. Capital Research Global Investors increased its position in TriNet Group by 98.2% in the 4th quarter. Capital Research Global Investors now owns 2,822,839 shares of the business services provider's stock valued at $256,229,000 after buying an additional 1,398,573 shares in the last quarter. ArrowMark Colorado Holdings LLC bought a new stake in TriNet Group during the 4th quarter worth approximately $35,567,000. Wellington Management Group LLP boosted its stake in shares of TriNet Group by 23.1% in the 4th quarter. Wellington Management Group LLP now owns 1,626,902 shares of the business services provider's stock worth $147,674,000 after buying an additional 305,165 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in TriNet Group by 18.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,898,005 shares of the business services provider's stock valued at $172,282,000 after purchasing an additional 289,071 shares during the last quarter. Institutional investors own 96.81% of the company's stock.

Insider Buying and Selling at TriNet Group

In related news, Director Paul Edward Chamberlain sold 600 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $41,616.00. Following the sale, the director now directly owns 36,991 shares of the company's stock, valued at $2,565,695.76. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the company's stock in a transaction dated 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 transaction, the chief technology officer now directly owns 19,867 shares of the company's stock, valued at $1,377,975.12. The trade was a 6.42% decrease in their position. The disclosure for this sale can be found here. 38.10% of the stock is currently owned by company insiders.

TriNet Group Price Performance

Shares of NYSE TNET traded down $1.08 during mid-day trading on Tuesday, reaching $85.37. The company's stock had a trading volume of 262,154 shares, compared to its average volume of 385,941. 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 has a market capitalization of $4.13 billion, a PE ratio of 24.96 and a beta of 0.91. TriNet Group, Inc. has a 52 week low of $65.43 and a 52 week high of $116.26. The stock has a fifty day moving average of $78.78 and a two-hundred day moving average of $84.79.

TriNet Group (NYSE:TNET - Get Free Report) last released its earnings results on Friday, April 25th. The business services provider reported $1.99 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $319.36 million. During the same quarter in the prior year, the firm posted $2.18 earnings per share. As a group, sell-side analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.29%. The ex-dividend date was Tuesday, April 1st. This is a boost from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio (DPR) is 32.84%.

Wall Street Analysts Forecast Growth

TNET has been the topic of a number of recent analyst reports. TD Cowen downgraded TriNet Group from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of TriNet Group from $75.00 to $76.00 and gave the stock an "underweight" rating in a report on Monday, April 28th.

About TriNet Group

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.