Janus Henderson Group PLC Decreases Holdings in TriNet Group, Inc. (NYSE:TNET)

Janus Henderson Group PLC lowered its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 60.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 145,733 shares of the business services provider's stock after selling 221,742 shares during the period. Janus Henderson Group PLC owned about 0.29% of TriNet Group worth $13,224,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Barclays PLC increased its holdings in TriNet Group by 201.0% in the third quarter. Barclays PLC now owns 94,649 shares of the business services provider's stock valued at $9,179,000 after purchasing an additional 63,201 shares during the period. Franklin Resources Inc. grew its position in shares of TriNet Group by 3.4% in the 3rd quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider's stock valued at $499,000 after buying an additional 169 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in shares of TriNet Group by 4.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 162,369 shares of the business services provider's stock valued at $14,738,000 after buying an additional 6,936 shares during the period. Merit Financial Group LLC increased its stake in shares of TriNet Group by 4.8% in the fourth quarter. Merit Financial Group LLC now owns 13,424 shares of the business services provider's stock valued at $1,218,000 after buying an additional 609 shares during the period. Finally, Integrated Investment Consultants LLC raised its position in shares of TriNet Group by 142.8% during the fourth quarter. Integrated Investment Consultants LLC now owns 7,237 shares of the business services provider's stock worth $657,000 after acquiring an additional 4,256 shares during the last quarter. Institutional investors own 96.81% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at TriNet Group

In related news, Director Paul Edward Chamberlain sold 600 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 transaction of $41,616.00. Following the sale, the director now directly owns 36,991 shares in the company, valued at approximately $2,565,695.76. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the business's 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 transaction, the chief technology officer now directly owns 19,867 shares in the company, valued at approximately $1,377,975.12. This represents a 6.42% decrease in their position. The disclosure for this sale can be found here. Company insiders own 38.10% of the company's stock.

TriNet Group Stock Down 0.8%

NYSE:TNET traded down $0.63 during trading hours on Thursday, reaching $82.48. The company had a trading volume of 20,115 shares, compared to its average volume of 384,475. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $116.26. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 24.10 and a beta of 0.91. The business's 50-day simple moving average is $79.19 and its two-hundred day simple moving average is $84.79.

TriNet Group (NYSE:TNET - Get Free Report) last issued its earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share for the quarter, topping analysts' consensus estimates of $1.67 by $0.32. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $319.36 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. During the same period in the prior year, the firm earned $2.18 earnings per share. On average, equities analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Tuesday, April 1st were given a $0.275 dividend. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Tuesday, April 1st. TriNet Group's dividend payout ratio is presently 32.84%.

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.