929 Shares in TriNet Group, Inc. (NYSE:TNET) Acquired by Headlands Technologies LLC

Headlands Technologies LLC bought a new position in shares of TriNet Group, Inc. (NYSE:TNET) in the second quarter, HoldingsChannel reports. The firm bought 929 shares of the business services provider’s stock, valued at approximately $93,000.

A number of other large investors have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of TriNet Group by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,838,347 shares of the business services provider’s stock worth $376,053,000 after acquiring an additional 52,240 shares in the last quarter. Jane Street Group LLC grew its stake in shares of TriNet Group by 67.7% during the 1st quarter. Jane Street Group LLC now owns 1,149,929 shares of the business services provider’s stock worth $152,354,000 after acquiring an additional 464,289 shares in the last quarter. Earnest Partners LLC grew its stake in shares of TriNet Group by 19.8% during the 1st quarter. Earnest Partners LLC now owns 898,335 shares of the business services provider’s stock worth $119,020,000 after acquiring an additional 148,779 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of TriNet Group by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 812,990 shares of the business services provider’s stock worth $96,690,000 after acquiring an additional 37,851 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of TriNet Group by 2.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 375,593 shares of the business services provider’s stock worth $49,762,000 after acquiring an additional 8,204 shares in the last quarter. 96.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of TriNet Group from $107.00 to $103.00 and set an “underweight” rating for the company in a research note on Tuesday, August 20th. TD Cowen decreased their target price 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, Needham & Company LLC reissued a “buy” rating and issued a $140.00 target price on shares of TriNet Group in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $118.40.

TriNet Group Price Performance

NYSE:TNET opened at $97.85 on Monday. The firm has a fifty day simple moving average of $100.29 and a 200 day simple moving average of $109.55. TriNet Group, Inc. has a 1-year low of $91.59 and a 1-year high of $134.67. The stock has a market capitalization of $4.86 billion, a PE ratio of 16.04 and a beta of 1.17. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 9.84.

TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Friday, July 26th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.29. TriNet Group had a return on equity of 397.90% and a net margin of 6.29%. The business had revenue of $310.00 million during the quarter, compared to the consensus estimate of $301.76 million. On average, research analysts expect that TriNet Group, Inc. will post 5.13 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 1st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.02%. The ex-dividend date was Monday, July 1st. TriNet Group’s dividend payout ratio is 16.39%.

Insider Buying and Selling at TriNet Group

In other news, CFO Kelly L. Tuminelli sold 4,683 shares of TriNet Group stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total transaction of $482,161.68. Following the completion of the sale, the chief financial officer now owns 82,409 shares of the company’s stock, valued at $8,484,830.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the sale, the director now directly owns 37,966 shares in the company, valued at $4,043,379. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the sale, the chief financial officer now owns 82,409 shares in the company, valued at $8,484,830.64. The disclosure for this sale can be found here. Insiders own 37.10% of the company’s stock.

About TriNet Group

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.