8,424 Shares in TriNet Group, Inc. (NYSE:TNET) Purchased by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in TriNet Group, Inc. (NYSE:TNET) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 8,424 shares of the business services provider’s stock, valued at approximately $817,000.

Several other hedge funds have also recently added to or reduced their stakes in TNET. Massachusetts Financial Services Co. MA boosted its stake in TriNet Group by 9.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,217,214 shares of the business services provider’s stock valued at $121,721,000 after buying an additional 103,809 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of TriNet Group by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 915,043 shares of the business services provider’s stock valued at $91,504,000 after purchasing an additional 16,708 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of TriNet Group by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 823,019 shares of the business services provider’s stock worth $82,304,000 after purchasing an additional 9,386 shares during the last quarter. Emerald Advisers LLC increased its position in shares of TriNet Group by 1.1% during the 3rd quarter. Emerald Advisers LLC now owns 252,819 shares of the business services provider’s stock worth $24,516,000 after purchasing an additional 2,651 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in TriNet Group by 960.6% during the 1st 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 purchasing an additional 213,752 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Price Performance

TNET stock opened at $92.90 on Friday. The stock has a 50-day moving average price of $93.04 and a two-hundred day moving average price of $98.55. TriNet Group, Inc. has a 1 year low of $74.32 and a 1 year high of $134.67. The stock has a market cap of $4.61 billion, a PE ratio of 17.90 and a beta of 1.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 7.70.

TriNet Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.08%. TriNet Group’s dividend payout ratio is 19.27%.

Insider Activity

In other news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total value of $32,336.25. Following the completion of the sale, the director now directly owns 37,591 shares of the company’s stock, valued at $3,241,471.93. This trade represents a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Jeffery Jon Hayward sold 1,813 shares of TriNet Group stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $92.74, for a total transaction of $168,137.62. Following the transaction, the chief technology officer now directly owns 36,951 shares of the company’s stock, valued at approximately $3,426,835.74. This trade represents a 4.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 37.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TNET. TD Cowen boosted their target price on TriNet Group from $92.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Needham & Company LLC lowered TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $103.00 price target on shares of TriNet Group in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TriNet Group currently has a consensus rating of “Hold” and an average target price of $117.00.

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.