Susquehanna Fundamental Investments LLC Takes Position in TriNet Group, Inc. (NYSE:TNET)

Susquehanna Fundamental Investments LLC purchased a new stake in TriNet Group, Inc. (NYSE:TNET) during the second quarter, HoldingsChannel.com reports. The firm purchased 43,481 shares of the business services provider’s stock, valued at approximately $4,348,000.

Several other large investors have also recently bought and sold shares of the stock. Oliver Luxxe Assets LLC boosted its holdings in shares of TriNet Group by 1.4% during the first quarter. Oliver Luxxe Assets LLC now owns 5,860 shares of the business services provider’s stock worth $776,000 after acquiring an additional 83 shares during the period. Jennison Associates LLC lifted its holdings in TriNet Group by 1.8% during the 1st quarter. Jennison Associates LLC now owns 5,663 shares of the business services provider’s stock worth $750,000 after purchasing an additional 99 shares during the last quarter. Blue Trust Inc. boosted its stake in TriNet Group by 24.9% in the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 104 shares during the period. Avion Wealth boosted its stake in TriNet Group by 19.2% in the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 129 shares during the period. Finally, SummerHaven Investment Management LLC grew its holdings in TriNet Group by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 8,222 shares of the business services provider’s stock valued at $822,000 after buying an additional 142 shares in the last quarter. 96.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of TriNet Group from $107.00 to $103.00 and set an “underweight” rating for the company in a research report 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 on the stock in a research report on Monday, June 24th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $140.00 price target on shares of TriNet Group in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, TriNet Group currently has an average rating of “Hold” and an average price target of $118.40.

TriNet Group Stock Performance

NYSE TNET opened at $96.21 on Monday. The firm’s 50 day simple moving average is $98.88 and its 200 day simple moving average is $107.64. The firm has a market capitalization of $4.78 billion, a price-to-earnings ratio of 15.77 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, Inc. has a 1 year low of $91.59 and a 1 year high of $134.67.

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

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. TriNet Group’s payout ratio is currently 16.39%.

Insider Activity at TriNet Group

In related news, CFO Kelly L. Tuminelli sold 4,683 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total value of $482,161.68. Following the completion of the transaction, the chief financial officer now owns 82,409 shares of the company’s stock, valued at approximately $8,484,830.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other TriNet Group news, CFO Kelly L. Tuminelli sold 4,683 shares of the 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 completion of the transaction, the chief financial officer now directly owns 82,409 shares in the company, valued at $8,484,830.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $39,937.50. Following the sale, the director now owns 37,966 shares in the company, valued at $4,043,379. 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.