Sei Investments Co. Buys 6,511 Shares of TriNet Group, Inc. (NYSE:TNET)

Sei Investments Co. increased its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 13.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,617 shares of the business services provider’s stock after acquiring an additional 6,511 shares during the period. Sei Investments Co.’s holdings in TriNet Group were worth $5,462,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Jane Street Group LLC increased its position in shares of TriNet Group by 67.7% during the 1st quarter. Jane Street Group LLC now owns 1,149,929 shares of the business services provider’s stock worth $152,354,000 after purchasing an additional 464,289 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of TriNet Group by 960.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 236,003 shares of the business services provider’s stock valued at $31,269,000 after buying an additional 213,752 shares in the last quarter. Norges Bank bought a new position in shares of TriNet Group in the fourth quarter valued at $19,650,000. Earnest Partners LLC increased its holdings in TriNet Group by 19.8% during the first quarter. Earnest Partners LLC now owns 898,335 shares of the business services provider’s stock worth $119,020,000 after buying an additional 148,779 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in TriNet Group by 9.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,217,214 shares of the business services provider’s stock worth $121,721,000 after acquiring an additional 103,809 shares in the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TriNet Group

In related news, CFO Kelly L. Tuminelli sold 4,683 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $102.96, for a total value of $482,161.68. Following the transaction, the chief financial officer now directly owns 82,409 shares in the company, valued at $8,484,830.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total value of $39,937.50. Following the transaction, the director now directly owns 37,966 shares of the company’s stock, valued at approximately $4,043,379. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total transaction of $482,161.68. Following the completion of the transaction, the chief financial officer now owns 82,409 shares of the company’s stock, valued at $8,484,830.64. The disclosure for this sale can be found here. Insiders own 37.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $140.00 price objective on shares of TriNet Group in a research report on Wednesday, September 11th. JPMorgan Chase & Co. reduced their price target on TriNet Group from $107.00 to $103.00 and set an “underweight” rating for the company in a report on Tuesday, August 20th. Finally, TD Cowen dropped their price objective on TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $118.40.

TriNet Group Stock Performance

Shares of TNET stock opened at $96.97 on Tuesday. TriNet Group, Inc. has a 52 week low of $91.59 and a 52 week high of $134.67. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 15.90 and a beta of 1.17. The company has a 50-day simple moving average of $98.88 and a 200 day simple moving average of $107.51. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.04 and a current ratio of 1.04.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Friday, July 26th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.29. The company had revenue of $310.00 million during the quarter, compared to analysts’ expectations of $301.76 million. TriNet Group had a return on equity of 397.90% and a net margin of 6.29%. On average, sell-side analysts predict that TriNet Group, Inc. will post 5.13 earnings per share for the current year.

TriNet Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.03%. The ex-dividend date is Tuesday, October 1st. TriNet Group’s payout ratio is 16.39%.

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.