Vanguard Group Inc. Sells 152,415 Shares of TriNet Group, Inc. (NYSE:TNET)

Vanguard Group Inc. lessened its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,786,107 shares of the business services provider’s stock after selling 152,415 shares during the quarter. Vanguard Group Inc. owned about 0.06% of TriNet Group worth $331,352,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TNET. Wedge Capital Management L L P NC grew its stake in TriNet Group by 253.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 144,083 shares of the business services provider’s stock worth $17,136,000 after buying an additional 103,330 shares in the last quarter. Victory Capital Management Inc. grew its position in TriNet Group by 160.2% in the fourth quarter. Victory Capital Management Inc. now owns 22,746 shares of the business services provider’s stock worth $2,705,000 after acquiring an additional 14,003 shares in the last quarter. Van ECK Associates Corp raised its position in TriNet Group by 181.9% during the fourth quarter. Van ECK Associates Corp now owns 23,683 shares of the business services provider’s stock valued at $2,817,000 after purchasing an additional 15,282 shares in the last quarter. Cookson Peirce & Co. Inc. bought a new stake in TriNet Group during the fourth quarter worth about $7,777,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of TriNet Group in the 4th quarter worth about $3,048,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TNET. Needham & Company LLC cut their target price on TriNet Group from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, April 26th. TD Cowen cut their price objective on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating for the company in a research note on Monday, June 24th. Finally, StockNews.com lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $113.83.

TriNet Group Trading Down 0.2 %

NYSE:TNET opened at $100.03 on Friday. The firm has a market capitalization of $5.06 billion, a P/E ratio of 16.40 and a beta of 1.19. TriNet Group, Inc. has a 52 week low of $90.55 and a 52 week high of $134.67. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 6.88. The company has a fifty day moving average of $105.62 and a 200 day moving average of $116.69.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Friday, April 26th. The business services provider reported $1.86 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.36). The firm had revenue of $357.00 million for the quarter, compared to the consensus estimate of $380.41 million. TriNet Group had a net margin of 6.78% and a return on equity of 124.38%. On average, research analysts predict that TriNet Group, Inc. will post 4.82 earnings per share for the current year.

TriNet Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 1st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.00%. TriNet Group’s dividend payout ratio is presently 16.39%.

Insider Buying and Selling

In other TriNet Group news, SVP Alexander G. Warren sold 1,867 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $103.74, for a total transaction of $193,682.58. Following the transaction, the senior vice president now directly owns 32,661 shares of the company’s stock, valued at approximately $3,388,252.14. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other TriNet Group news, SVP Alexander G. Warren sold 1,867 shares of TriNet Group stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $103.74, for a total transaction of $193,682.58. Following the sale, the senior vice president now directly owns 32,661 shares of the company’s stock, valued at approximately $3,388,252.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $101.02, for a total value of $37,882.50. Following the completion of the transaction, the director now directly owns 36,341 shares of the company’s stock, valued at approximately $3,671,167.82. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by insiders.

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.