Nisa Investment Advisors LLC Buys 100 Shares of TriNet Group, Inc. (NYSE:TNET)

Nisa Investment Advisors LLC raised its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 12.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 880 shares of the business services provider’s stock after acquiring an additional 100 shares during the period. Nisa Investment Advisors LLC’s holdings in TriNet Group were worth $105,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Raymond James & Associates raised its stake in shares of TriNet Group by 13.5% during the 1st quarter. Raymond James & Associates now owns 5,307 shares of the business services provider’s stock worth $522,000 after purchasing an additional 631 shares during the period. Bank of New York Mellon Corp raised its stake in shares of TriNet Group by 3.5% during the 1st quarter. Bank of New York Mellon Corp now owns 192,517 shares of the business services provider’s stock worth $18,937,000 after purchasing an additional 6,480 shares during the period. Citigroup Inc. raised its stake in shares of TriNet Group by 46.5% during the 1st quarter. Citigroup Inc. now owns 39,685 shares of the business services provider’s stock worth $3,904,000 after purchasing an additional 12,604 shares during the period. MetLife Investment Management LLC raised its stake in shares of TriNet Group by 53.6% during the 1st quarter. MetLife Investment Management LLC now owns 21,581 shares of the business services provider’s stock worth $2,123,000 after purchasing an additional 7,535 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of TriNet Group by 8.0% during the 1st quarter. Rhumbline Advisers now owns 44,248 shares of the business services provider’s stock worth $4,352,000 after purchasing an additional 3,280 shares during the period. 96.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, EVP Samantha Wellington sold 14,271 shares of TriNet Group stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total transaction of $1,782,162.48. Following the completion of the transaction, the executive vice president now owns 48,562 shares of the company’s stock, valued at approximately $6,064,422.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Samantha Wellington sold 14,271 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total transaction of $1,782,162.48. Following the completion of the transaction, the executive vice president now owns 48,562 shares of the company’s stock, valued at $6,064,422.56. The sale 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 business’s stock in a transaction dated Tuesday, February 20th. The stock was 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 approximately $2,260,180.55. The disclosure for this sale can be found here. Insiders sold 33,835 shares of company stock valued at $4,161,834 in the last quarter. 37.40% of the stock is currently owned by corporate insiders.

TriNet Group Stock Down 1.0 %

TNET stock opened at $128.26 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 12.62. The firm has a market capitalization of $6.49 billion, a PE ratio of 19.76 and a beta of 1.09. TriNet Group, Inc. has a twelve month low of $79.00 and a twelve month high of $134.67. The stock has a 50-day simple moving average of $127.27 and a two-hundred day simple moving average of $119.18.

TriNet Group (NYSE:TNET) last posted its earnings results 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. The business had revenue of $326.00 million during the quarter, compared to analyst estimates of $300.36 million. TriNet Group had a return on equity of 87.97% and a net margin of 7.62%. On average, equities analysts predict that TriNet Group, Inc. will post 5.79 EPS for the current fiscal year.

TriNet Group Dividend Announcement

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

Analysts Set New Price Targets

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

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.