Dimensional Fund Advisors LP boosted its position in TriNet Group Inc (NYSE:TNET) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,119,615 shares of the business services provider’s stock after purchasing an additional 92,991 shares during the period. Dimensional Fund Advisors LP owned about 1.61% of TriNet Group worth $37,644,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in TriNet Group by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 5,417 shares of the business services provider’s stock worth $177,000 after acquiring an additional 813 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of TriNet Group by 596.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,705 shares of the business services provider’s stock valued at $187,000 after acquiring an additional 4,886 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of TriNet Group in the 2nd quarter worth about $194,000. Sei Investments Co. increased its position in shares of TriNet Group by 112.0% in the 3rd quarter. Sei Investments Co. now owns 7,913 shares of the business services provider’s stock worth $266,000 after purchasing an additional 4,181 shares during the last quarter. Finally, ARP Americas LLC bought a new stake in shares of TriNet Group in the 3rd quarter worth about $286,000. Institutional investors own 56.58% of the company’s stock.
A number of equities research analysts recently weighed in on TNET shares. BidaskClub downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Zacks Investment Research lowered shares of TriNet Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Finally, Morgan Stanley increased their target price on shares of TriNet Group from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $38.00.
In related news, Director Martin Babinec sold 36,500 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $41.17, for a total transaction of $1,502,705.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael P. Murphy sold 631 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $42.40, for a total transaction of $26,754.40. Following the sale, the insider now directly owns 12,553 shares of the company’s stock, valued at approximately $532,247.20. The disclosure for this sale can be found here. Insiders sold 183,155 shares of company stock worth $7,805,641 over the last quarter. 42.40% of the stock is owned by corporate insiders.
Shares of TriNet Group Inc (NYSE TNET) opened at $43.43 on Friday. TriNet Group Inc has a 1 year low of $24.09 and a 1 year high of $45.25. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market cap of $2,933.67, a PE ratio of 25.59 and a beta of 3.01.
TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.30. TriNet Group had a net margin of 4.15% and a return on equity of 156.96%. The business had revenue of $205.90 million for the quarter, compared to analyst estimates of $174.89 million. During the same quarter last year, the firm earned $0.29 EPS. TriNet Group’s quarterly revenue was up 27.9% compared to the same quarter last year. equities research analysts forecast that TriNet Group Inc will post 1.77 earnings per share for the current fiscal year.
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TriNet Group Profile
TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as multi-state payroll processing and tax administration, employee benefits programs, including health insurance and retirement plans, workers’ compensation insurance and claims management, employment and benefit law compliance, and other services.
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