Cerity Partners LLC Has $948,000 Position in TriNet Group, Inc. (NYSE:TNET)

Cerity Partners LLC increased its position in shares of TriNet Group, Inc. (NYSE:TNET) by 73.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,968 shares of the business services provider’s stock after purchasing an additional 3,386 shares during the period. Cerity Partners LLC’s holdings in TriNet Group were worth $948,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several brokerages have recently commented on TNET. Needham & Company LLC reiterated a “buy” rating and set a $150.00 price target on shares of TriNet Group in a research report on Friday, March 1st. StockNews.com upgraded TriNet Group from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Stifel Nicolaus upped their price target on TriNet Group from $117.00 to $121.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, TD Cowen lifted their price objective 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. 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 stock. Based on data from MarketBeat, TriNet Group has a consensus rating of “Moderate Buy” and an average price target of $119.17.

Insider Buying and Selling

In other TriNet Group news, Director Wayne B. Lowell sold 10,000 shares of TriNet Group stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $122.22, for a total value of $1,222,200.00. Following the sale, the director now directly owns 84,766 shares in the company, valued at approximately $10,360,100.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Kelly L. Tuminelli sold 4,396 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $122.67, for a total value of $539,257.32. Following the completion of the transaction, the chief financial officer now directly owns 65,999 shares of the company’s stock, valued at $8,096,097.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Wayne B. Lowell sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $122.22, for a total transaction of $1,222,200.00. Following the transaction, the director now owns 84,766 shares in the company, valued at $10,360,100.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,052 shares of company stock worth $3,837,142. 37.10% of the stock is owned by insiders.

TriNet Group Price Performance

NYSE TNET opened at $129.68 on Tuesday. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 19.98 and a beta of 1.09. TriNet Group, Inc. has a 52-week low of $79.00 and a 52-week high of $134.67. 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 business has a 50 day simple moving average of $127.60 and a 200 day simple moving average of $119.30.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.46. The business had revenue of $326.00 million for the quarter, compared to analyst estimates of $300.36 million. TriNet Group had a net margin of 7.62% and a return on equity of 87.97%. 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 disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, March 28th. TriNet Group’s dividend payout ratio is presently 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.