Prime Capital Investment Advisors LLC Has $312,000 Stock Position in TriNet Group, Inc. (NYSE:TNET)

Prime Capital Investment Advisors LLC grew its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 25.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,626 shares of the business services provider’s stock after acquiring an additional 526 shares during the period. Prime Capital Investment Advisors LLC’s holdings in TriNet Group were worth $312,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TNET. Norges Bank bought a new stake in shares of TriNet Group during the fourth quarter worth $34,685,000. Wellington Management Group LLP grew its stake in shares of TriNet Group by 11.4% during the first quarter. Wellington Management Group LLP now owns 4,190,526 shares of the business services provider’s stock worth $412,181,000 after buying an additional 430,430 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of TriNet Group by 84.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 807,212 shares of the business services provider’s stock worth $94,024,000 after buying an additional 369,144 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of TriNet Group by 73.3% during the second quarter. Goldman Sachs Group Inc. now owns 249,642 shares of the business services provider’s stock worth $23,709,000 after buying an additional 105,591 shares during the last quarter. Finally, Boston Partners bought a new stake in shares of TriNet Group during the third quarter worth $11,186,000. Institutional investors own 96.81% of the company’s stock.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, SVP Alexander G. Warren sold 2,385 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $123.07, for a total transaction of $293,521.95. Following the sale, the senior vice president now owns 18,365 shares of the company’s stock, valued at $2,260,180.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Samantha Wellington sold 14,271 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $124.88, for a total transaction of $1,782,162.48. Following the transaction, the executive vice president now owns 48,562 shares in the company, valued at $6,064,422.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Alexander G. Warren sold 2,385 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $123.07, for a total transaction of $293,521.95. Following the transaction, the senior vice president now owns 18,365 shares in the company, valued at approximately $2,260,180.55. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,835 shares of company stock valued at $4,161,834. 37.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TNET shares. TD Cowen boosted their target price on shares of TriNet Group from $129.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Stifel Nicolaus boosted their price objective on shares of TriNet Group from $117.00 to $121.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. StockNews.com raised shares of TriNet Group from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $150.00 price objective on shares of TriNet Group in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $119.17.

TriNet Group Stock Performance

Shares of TNET opened at $128.05 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 12.62. The stock has a market capitalization of $6.48 billion, a P/E ratio of 19.73 and a beta of 1.09. The firm’s fifty day simple moving average is $125.61 and its two-hundred day simple moving average is $118.64. TriNet Group, Inc. has a 12 month low of $79.00 and a 12 month high of $134.67.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.46. The business had revenue of $326.00 million for the quarter, compared to analysts’ expectations of $300.36 million. TriNet Group had a net margin of 7.62% and a return on equity of 87.97%. As a group, analysts predict that TriNet Group, Inc. will post 5.79 EPS for the current year.

TriNet Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 1st will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.78%. TriNet Group’s dividend payout ratio (DPR) is currently 15.41%.

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.