Strs Ohio Has $1.24 Million Holdings in TriNet Group, Inc. (NYSE:TNET)

Strs Ohio cut its holdings in TriNet Group, Inc. (NYSE:TNET) by 15.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,400 shares of the business services provider’s stock after selling 1,900 shares during the period. Strs Ohio’s holdings in TriNet Group were worth $1,236,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. lifted its position in shares of TriNet Group by 2.7% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 871,125 shares of the business services provider’s stock worth $101,469,000 after purchasing an additional 23,194 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of TriNet Group by 84.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 807,212 shares of the business services provider’s stock worth $94,024,000 after purchasing an additional 369,144 shares during the period. Royal London Asset Management Ltd. lifted its position in shares of TriNet Group by 2.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 239,604 shares of the business services provider’s stock worth $27,920,000 after purchasing an additional 4,914 shares during the period. Bank of New York Mellon Corp lifted its position in shares of TriNet Group by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 181,542 shares of the business services provider’s stock worth $21,146,000 after purchasing an additional 1,907 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of TriNet Group by 21.8% in the 3rd quarter. American Century Companies Inc. now owns 102,516 shares of the business services provider’s stock worth $11,941,000 after purchasing an additional 18,334 shares during the period. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Stock Performance

NYSE:TNET opened at $129.68 on Tuesday. The firm has a market capitalization of $6.56 billion, a P/E ratio of 19.98 and a beta of 1.09. The company has a fifty day moving average of $127.60 and a 200-day moving average of $119.30. 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 twelve month low of $79.00 and a twelve month high of $134.67.

TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.41 EPS 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 net margin of 7.62% and a return on equity of 87.97%. As a group, sell-side analysts anticipate that TriNet Group, Inc. will post 5.79 EPS for the current year.

TriNet Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.77%. TriNet Group’s dividend payout ratio (DPR) is presently 15.41%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target 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 boosted their price target 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. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price objective on shares of TriNet Group in a research note on Friday, March 1st. Finally, StockNews.com upgraded shares of TriNet Group from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, TriNet Group has a consensus rating of “Moderate Buy” and a consensus target price of $119.17.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, SVP Alexander G. Warren sold 2,385 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $123.07, for a total transaction of $293,521.95. Following the completion of the sale, the senior vice president now owns 18,365 shares in the company, valued at approximately $2,260,180.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other TriNet Group news, SVP Alexander G. Warren sold 2,385 shares of TriNet Group stock in a transaction on 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 of the company’s stock, valued at approximately $2,260,180.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Samantha Wellington sold 14,271 shares of TriNet Group stock in a transaction on 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 transaction, the executive vice president now directly owns 48,562 shares in the company, valued at $6,064,422.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,052 shares of company stock worth $3,837,142. 37.10% 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.