XTX Topco Ltd Makes New Investment in TriNet Group, Inc. (NYSE:TNET)

XTX Topco Ltd acquired a new position in shares of TriNet Group, Inc. (NYSE:TNET) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,191 shares of the business services provider’s stock, valued at approximately $1,107,000.

Other hedge funds also recently modified their holdings of the company. Mariner LLC raised its position in TriNet Group by 13.7% during the fourth quarter. Mariner LLC now owns 2,763 shares of the business services provider’s stock worth $251,000 after acquiring an additional 333 shares in the last quarter. Barclays PLC raised its holdings in shares of TriNet Group by 19.9% in the 4th quarter. Barclays PLC now owns 113,472 shares of the business services provider’s stock valued at $10,300,000 after purchasing an additional 18,823 shares during the period. Summit Investment Advisors Inc. lifted its stake in TriNet Group by 4.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,344 shares of the business services provider’s stock valued at $304,000 after purchasing an additional 149 shares during the last quarter. Paralel Advisors LLC grew its holdings in TriNet Group by 10.0% during the fourth quarter. Paralel Advisors LLC now owns 18,949 shares of the business services provider’s stock worth $1,720,000 after purchasing an additional 1,720 shares during the period. Finally, Raymond James Financial Inc. bought a new position in TriNet Group during the fourth quarter worth about $1,395,000. Institutional investors own 96.81% of the company’s stock.

Analyst Ratings Changes

TNET has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen downgraded TriNet Group from a “buy” rating to a “hold” rating and cut their price target for the company from $104.00 to $74.00 in a report on Tuesday, February 18th.

TriNet Group Trading Down 1.3 %

Shares of TNET stock opened at $78.66 on Wednesday. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $131.26. The company has a market capitalization of $3.90 billion, a PE ratio of 23.00 and a beta of 1.06. The firm has a 50 day moving average price of $76.92 and a two-hundred day moving average price of $86.99. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16.

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

TriNet Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.40%. This is a positive change from TriNet Group’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, April 1st. TriNet Group’s dividend payout ratio (DPR) is currently 32.16%.

Insiders Place Their Bets

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $41,616.00. Following the transaction, the director now owns 36,991 shares in the company, valued at $2,565,695.76. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $94,607.04. Following the sale, the chief technology officer now owns 19,867 shares of the company’s stock, valued at approximately $1,377,975.12. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 37.10% of the company’s stock.

TriNet Group 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.