New York State Common Retirement Fund Decreases Holdings in TriNet Group, Inc. (NYSE:TNET)

New York State Common Retirement Fund lowered its stake in TriNet Group, Inc. (NYSE:TNET) by 2.7% in the 4th quarter, HoldingsChannel reports. The fund owned 113,849 shares of the business services provider’s stock after selling 3,184 shares during the period. New York State Common Retirement Fund’s holdings in TriNet Group were worth $13,540,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Avion Wealth lifted its stake in shares of TriNet Group by 22.9% in the 4th quarter. Avion Wealth now owns 569 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 106 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in TriNet Group by 31.8% during the third quarter. PNC Financial Services Group Inc. now owns 730 shares of the business services provider’s stock worth $85,000 after buying an additional 176 shares during the period. Group One Trading L.P. bought a new position in TriNet Group during the third quarter valued at $90,000. Blue Trust Inc. raised its stake in shares of TriNet Group by 15.7% in the fourth quarter. Blue Trust Inc. now owns 798 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 108 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of TriNet Group by 12.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 880 shares of the business services provider’s stock worth $105,000 after acquiring an additional 100 shares during the last quarter. 96.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. StockNews.com downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Monday. Needham & Company LLC reduced their price target on TriNet Group from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Friday. Stifel Nicolaus boosted their price objective on TriNet Group from $117.00 to $121.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, TD Cowen increased their target price on TriNet Group from $129.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $117.50.

Insider Transactions at TriNet Group

In related news, SVP Alexander G. Warren sold 2,385 shares of TriNet Group stock in a transaction that occurred 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 $2,260,180.55. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related 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 transaction of $293,521.95. Following the completion of the sale, the senior vice president now directly 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 available at the SEC website. Also, CFO Kelly L. Tuminelli sold 4,396 shares of TriNet Group stock in a transaction dated 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 owns 65,999 shares in the company, valued at approximately $8,096,097.33. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,052 shares of company stock valued at $3,837,142. Company insiders own 37.10% of the company’s stock.

TriNet Group Stock Down 2.3 %

Shares of NYSE:TNET opened at $103.31 on Tuesday. 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 business’s 50 day moving average is $127.52 and its 200 day moving average is $119.27. The stock has a market cap of $5.22 billion, a P/E ratio of 16.94 and a beta of 1.09. TriNet Group, Inc. has a 52-week low of $87.20 and a 52-week high of $134.67.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.41 earnings per share (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 the consensus estimate of $300.36 million. TriNet Group had a return on equity of 106.58% and a net margin of 6.78%. Sell-side analysts predict that TriNet Group, Inc. will post 5.79 EPS for the current year.

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.97%. TriNet Group’s dividend payout ratio is currently 16.39%.

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.