Dimensional Fund Advisors LP Purchases 92,991 Shares of TriNet Group Inc (NYSE:TNET)

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.

Institutional Ownership by Quarter for TriNet Group (NYSE:TNET)

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