New York State Teachers Retirement System Purchases Shares of 2,866 TriNet Group, Inc. (NYSE:TNET)

New York State Teachers Retirement System purchased a new stake in TriNet Group, Inc. (NYSE:TNET) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,866 shares of the business services provider’s stock, valued at approximately $341,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amundi acquired a new stake in shares of TriNet Group during the fourth quarter worth $33,000. Avion Wealth increased its position in shares of TriNet Group by 30.8% during the third quarter. Avion Wealth now owns 463 shares of the business services provider’s stock worth $53,000 after buying an additional 109 shares during the period. Captrust Financial Advisors increased its position in shares of TriNet Group by 78.7% during the second quarter. Captrust Financial Advisors now owns 620 shares of the business services provider’s stock worth $48,000 after buying an additional 273 shares during the period. Ronald Blue Trust Inc. increased its position in shares of TriNet Group by 351.0% during the third quarter. Ronald Blue Trust Inc. now owns 690 shares of the business services provider’s stock worth $80,000 after buying an additional 537 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of TriNet Group by 31.8% during the third quarter. PNC Financial Services Group Inc. now owns 730 shares of the business services provider’s stock worth $85,000 after buying an additional 176 shares during the period. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Stock Down 1.0 %

Shares of NYSE TNET opened at $128.26 on Friday. The firm has a market cap of $6.49 billion, a PE ratio of 19.76 and a beta of 1.09. TriNet Group, Inc. has a 12-month low of $79.00 and a 12-month high of $134.67. The company’s fifty day simple moving average is $127.27 and its 200 day simple moving average is $119.15. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 12.62.

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

TriNet Group Dividend Announcement

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

Insider Buying and Selling at TriNet Group

In other TriNet Group news, SVP Alexander G. Warren sold 2,385 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $123.07, for a total value of $293,521.95. Following the transaction, the senior vice president now directly owns 18,365 shares of the company’s stock, valued at $2,260,180.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Samantha Wellington sold 14,271 shares of the firm’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 directly owns 48,562 shares of the company’s stock, valued at $6,064,422.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Alexander G. Warren sold 2,385 shares of the firm’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 directly owns 18,365 shares in the company, valued at $2,260,180.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,835 shares of company stock valued at $4,161,834. Corporate insiders own 37.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

TriNet Group 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.