Ghe LLC Boosts Stock Position in TriNet Group, Inc. (NYSE:TNET)

Ghe LLC grew its holdings in TriNet Group, Inc. (NYSE:TNET) by 10.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 31,565 shares of the business services provider’s stock after acquiring an additional 3,091 shares during the quarter. TriNet Group accounts for 1.2% of Ghe LLC’s holdings, making the stock its 18th largest holding. Ghe LLC’s holdings in TriNet Group were worth $3,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. TD Private Client Wealth LLC boosted its stake in shares of TriNet Group by 25.5% in the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock worth $58,000 after acquiring an additional 121 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock worth $71,000 after acquiring an additional 240 shares during the last quarter. KBC Group NV boosted its stake in shares of TriNet Group by 26.5% in the third quarter. KBC Group NV now owns 950 shares of the business services provider’s stock worth $92,000 after acquiring an additional 199 shares during the last quarter. Avion Wealth boosted its stake in TriNet Group by 14.9% during the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock worth $98,000 after buying an additional 140 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in TriNet Group during the fourth quarter worth $230,000. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TNET has been the topic of a number of recent research reports. Needham & Company LLC reissued a “hold” rating on shares of TriNet Group in a research note on Friday, February 14th. TD Cowen lowered TriNet Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $104.00 to $74.00 in a research note on Tuesday, February 18th.

TriNet Group Price Performance

Shares of NYSE TNET opened at $66.56 on Monday. The stock’s 50-day moving average is $88.97 and its two-hundred day moving average is $92.66. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 19.46 and a beta of 1.21. TriNet Group, Inc. has a 1-year low of $66.12 and a 1-year high of $134.67. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $252.00 million during the quarter, compared to analysts’ expectations of $225.72 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. Analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.25 per share. The ex-dividend date was Thursday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.50%. TriNet Group’s dividend payout ratio is currently 29.24%.

Insider Transactions at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 7,784 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $89.57, for a total value of $697,212.88. Following the completion of the sale, the chief technology officer now directly owns 21,769 shares of the company’s stock, valued at $1,949,849.33. This represents a 26.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 37.10% of the company’s stock.

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.