Xponance Inc. Has $442,000 Position in TriNet Group, Inc. (NYSE:TNET)

Xponance Inc. increased its stake in TriNet Group, Inc. (NYSE:TNET) by 25.3% in the 4th quarter, Holdings Channel reports. The firm owned 3,716 shares of the business services provider’s stock after purchasing an additional 751 shares during the period. Xponance Inc.’s holdings in TriNet Group were worth $442,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its position in 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 buying an additional 369,144 shares during the period. Boston Partners bought a new position in TriNet Group in the 3rd quarter worth approximately $11,186,000. Cookson Peirce & Co. Inc. bought a new position in TriNet Group in the 4th quarter worth approximately $7,777,000. Acadian Asset Management LLC increased its position in TriNet Group by 101.4% in the 3rd quarter. Acadian Asset Management LLC now owns 81,168 shares of the business services provider’s stock worth $9,449,000 after buying an additional 40,860 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in TriNet Group by 128.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 54,106 shares of the business services provider’s stock worth $6,302,000 after buying an additional 30,397 shares during the period. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Stock Performance

TNET opened at $105.72 on Friday. The stock has a market cap of $5.35 billion, a PE ratio of 17.33 and a beta of 1.09. The company has a current ratio of 1.05, a quick 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 stock’s 50 day simple moving average is $127.99 and its 200-day simple moving average is $119.38.

TriNet Group (NYSE:TNET) last announced 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 firm had revenue of $326.00 million for the quarter, compared to analysts’ expectations of $300.36 million. Sell-side analysts forecast that TriNet Group, Inc. will post 5.79 EPS for the current year.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Thursday, March 28th. TriNet Group’s dividend payout ratio (DPR) is 16.39%.

Analyst Ratings Changes

Several research analysts have commented on TNET shares. StockNews.com raised TriNet Group from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. 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 report on Monday, March 4th. Needham & Company LLC lowered their price objective on TriNet Group from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday. 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 report on Friday, February 16th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.50.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, SVP Alexander G. Warren sold 2,385 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $123.07, for a total value of $293,521.95. Following the sale, the senior vice president now directly owns 18,365 shares in the company, valued at $2,260,180.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other TriNet Group news, EVP Samantha Wellington sold 14,271 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total value of $1,782,162.48. Following the transaction, the executive vice president now 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 SEC, which is available through the SEC website. Also, SVP Alexander G. Warren sold 2,385 shares of the business’s stock in a transaction on 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 transaction, the senior vice president now directly owns 18,365 shares in the company, valued at approximately $2,260,180.55. The disclosure for this sale can be found here. Insiders have sold 31,052 shares of company stock worth $3,837,142 over the last three months. Company insiders own 37.10% of the company’s stock.

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.