TriNet Group, Inc. (NYSE:TNET) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 19,816 shares of the business services provider’s stock after acquiring an additional 201 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in TriNet Group were worth $2,357,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TNET. Amundi acquired a new position in TriNet Group during the 4th quarter worth $33,000. Captrust Financial Advisors lifted its holdings in shares of TriNet Group by 78.7% in the second quarter. Captrust Financial Advisors now owns 620 shares of the business services provider’s stock valued at $48,000 after buying an additional 273 shares during the period. Avion Wealth boosted its stake in TriNet Group by 30.8% during the third quarter. Avion Wealth now owns 463 shares of the business services provider’s stock valued at $53,000 after buying an additional 109 shares in the last quarter. Royal Bank of Canada boosted its stake in TriNet Group by 31.7% during the third quarter. Royal Bank of Canada now owns 1,017 shares of the business services provider’s stock valued at $72,000 after buying an additional 245 shares in the last quarter. Finally, Ronald Blue Trust Inc. boosted its stake in TriNet Group by 351.0% during the third quarter. Ronald Blue Trust Inc. now owns 690 shares of the business services provider’s stock valued at $80,000 after buying an additional 537 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

Insider Buying and Selling

In related news, SVP Alexander G. Warren sold 2,385 shares of the 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 completion of the sale, the senior vice president now directly owns 18,365 shares of the company’s stock, valued at approximately $2,260,180.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Kelly L. Tuminelli sold 4,396 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $122.67, for a total value of $539,257.32. Following the completion of the sale, the chief financial officer now directly owns 65,999 shares of the company’s stock, valued at approximately $8,096,097.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Alexander G. Warren sold 2,385 shares of the 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 completion of the sale, the senior vice president now directly owns 18,365 shares of the company’s stock, valued at $2,260,180.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,052 shares of company stock valued at $3,837,142. Corporate insiders own 37.40% of the company’s stock.

TriNet Group Trading Down 1.0 %

NYSE:TNET opened at $128.26 on Monday. 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, Inc. has a 1-year low of $79.00 and a 1-year high of $134.67. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 19.76 and a beta of 1.09. The stock has a fifty day simple moving average of $127.27 and a 200 day simple moving average of $119.21.

TriNet Group (NYSE:TNET) last released its quarterly 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. TriNet Group had a return on equity of 87.97% and a net margin of 7.62%. The business had revenue of $326.00 million during the quarter, compared to analyst estimates of $300.36 million. Sell-side analysts forecast that TriNet Group, Inc. will post 5.79 earnings per share for the current year.

TriNet Group Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.