Federated Hermes Inc. Has $300,000 Stock Position in TriNet Group, Inc. (NYSE:TNET)

Federated Hermes Inc. grew its holdings in TriNet Group, Inc. (NYSE:TNET) by 381.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,525 shares of the business services provider’s stock after acquiring an additional 2,001 shares during the quarter. Federated Hermes Inc.’s holdings in TriNet Group were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TNET. Bank of New York Mellon Corp grew its holdings in shares of TriNet Group by 1.1% during 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 in the last quarter. Strs Ohio lifted its holdings in shares of TriNet Group by 53.8% during the 3rd quarter. Strs Ohio now owns 12,300 shares of the business services provider’s stock worth $1,432,000 after acquiring an additional 4,300 shares during the period. Teacher Retirement System of Texas boosted its position in shares of TriNet Group by 20.9% during the 3rd quarter. Teacher Retirement System of Texas now owns 11,241 shares of the business services provider’s stock valued at $1,309,000 after acquiring an additional 1,940 shares in the last quarter. Duality Advisers LP bought a new stake in TriNet Group in the third quarter valued at about $1,599,000. Finally, Principal Financial Group Inc. raised its position in TriNet Group by 31.4% in the third quarter. Principal Financial Group Inc. now owns 16,538 shares of the business services provider’s stock worth $1,926,000 after purchasing an additional 3,956 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Stock Down 0.8 %

NYSE TNET opened at $101.13 on Friday. The company has a debt-to-equity ratio of 6.88, a quick ratio of 1.05 and a current ratio of 1.06. TriNet Group, Inc. has a 52 week low of $87.20 and a 52 week high of $134.67. The stock has a market capitalization of $5.11 billion, a P/E ratio of 16.58 and a beta of 1.16. The stock has a fifty day moving average of $125.63 and a 200-day moving average of $118.75.

TriNet Group (NYSE:TNET) last released its earnings results on Thursday, February 15th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.46. TriNet Group had a net margin of 6.78% and a return on equity of 124.38%. The company had revenue of $326.00 million for the quarter, compared to the consensus estimate of $300.36 million. On average, equities research analysts forecast that TriNet Group, Inc. will post 4.78 EPS for the current year.

TriNet Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, March 28th. TriNet Group’s dividend payout ratio is presently 16.39%.

Insider Buying and Selling at TriNet Group

In other news, SVP Alexander G. Warren sold 2,385 shares of the firm’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 transaction, the senior vice president now directly owns 18,365 shares in the company, valued at approximately $2,260,180.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Alexander G. Warren sold 2,385 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were 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 approximately $2,260,180.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Wayne B. Lowell sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were 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 of the company’s stock, valued at approximately $10,360,100.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,427 shares of company stock worth $3,875,024. Insiders own 37.10% of the company’s stock.

Analyst Upgrades and Downgrades

TNET has been the topic of several recent analyst reports. TD Cowen boosted their price target 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 cut shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Stifel Nicolaus boosted their price target on shares of TriNet Group from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Needham & Company LLC dropped their price objective on shares of TriNet Group from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $117.50.

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.