Raymond James & Associates Has $2.34 Million Stake in TriNet Group, Inc. (NYSE:TNET)

Raymond James & Associates reduced its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 10.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,641 shares of the business services provider’s stock after selling 2,320 shares during the quarter. Raymond James & Associates’ holdings in TriNet Group were worth $2,336,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Jackson Creek Investment Advisors LLC acquired a new stake in TriNet Group during the 3rd quarter worth about $1,105,000. Barclays PLC grew its holdings in TriNet Group by 29.9% during the 3rd quarter. Barclays PLC now owns 23,389 shares of the business services provider’s stock worth $2,725,000 after acquiring an additional 5,379 shares during the period. Van ECK Associates Corp grew its holdings in TriNet Group by 42.8% during the 3rd quarter. Van ECK Associates Corp now owns 8,401 shares of the business services provider’s stock worth $979,000 after acquiring an additional 2,518 shares during the period. Quantbot Technologies LP grew its holdings in TriNet Group by 344.7% during the 3rd quarter. Quantbot Technologies LP now owns 23,356 shares of the business services provider’s stock worth $2,721,000 after acquiring an additional 18,104 shares during the period. Finally, GHE LLC grew its holdings in TriNet Group by 641.4% during the 3rd quarter. GHE LLC now owns 26,321 shares of the business services provider’s stock worth $3,066,000 after acquiring an additional 22,771 shares during the period. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Price Performance

Shares of NYSE TNET opened at $126.70 on Tuesday. TriNet Group, Inc. has a fifty-two week low of $79.00 and a fifty-two week high of $134.67. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 19.52 and a beta of 1.09. The company has a debt-to-equity ratio of 12.62, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s 50-day simple moving average is $126.10 and its 200 day simple moving average is $118.85.

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

TriNet Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 1st will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.00 annualized dividend and a yield of 0.79%. TriNet Group’s payout ratio is 15.41%.

Wall Street Analysts Forecast Growth

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

Insider Activity at TriNet Group

In related news, CEO Burton M. Goldfield sold 2,783 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $116.67, for a total value of $324,692.61. Following the transaction, the chief executive officer now owns 125,046 shares of the company’s stock, valued at approximately $14,589,116.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other TriNet Group news, CEO Burton M. Goldfield sold 2,783 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $116.67, for a total value of $324,692.61. Following the completion of the sale, the chief executive officer now owns 125,046 shares in the company, valued at approximately $14,589,116.82. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Kelly L. Tuminelli sold 4,396 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $122.67, for a total transaction of $539,257.32. Following the completion of the sale, the chief financial officer now owns 65,999 shares of the company’s stock, valued at approximately $8,096,097.33. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,835 shares of company stock valued at $4,161,834. 40.60% of the stock is owned by corporate 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.