Van ECK Associates Corp Acquires 15,282 Shares of TriNet Group, Inc. (NYSE:TNET)

Van ECK Associates Corp increased its stake in TriNet Group, Inc. (NYSE:TNET) by 181.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 23,683 shares of the business services provider’s stock after purchasing an additional 15,282 shares during the quarter. Van ECK Associates Corp’s holdings in TriNet Group were worth $2,817,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Wedge Capital Management L L P NC increased its position in TriNet Group by 253.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 144,083 shares of the business services provider’s stock worth $17,136,000 after buying an additional 103,330 shares in the last quarter. Cookson Peirce & Co. Inc. bought a new position in shares of TriNet Group during the 4th quarter valued at approximately $7,777,000. Jackson Creek Investment Advisors LLC purchased a new stake in TriNet Group in the 3rd quarter worth approximately $1,105,000. Barclays PLC raised its stake in TriNet Group by 29.9% during the 3rd quarter. Barclays PLC now owns 23,389 shares of the business services provider’s stock worth $2,725,000 after acquiring an additional 5,379 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in TriNet Group by 344.7% during the third quarter. Quantbot Technologies LP now owns 23,356 shares of the business services provider’s stock valued at $2,721,000 after purchasing an additional 18,104 shares in the last quarter. 96.81% of the stock is owned by institutional investors.

Insider Transactions at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $101.02, for a total transaction of $37,882.50. Following the completion of the transaction, the director now directly owns 36,341 shares of the company’s stock, valued at $3,671,167.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $101.02, for a total value of $37,882.50. Following the sale, the director now directly owns 36,341 shares of the company’s stock, valued at approximately $3,671,167.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Samantha Wellington sold 14,271 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 approximately $6,064,422.56. 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. 37.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TNET. Needham & Company LLC lowered their target price on shares of TriNet Group from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. StockNews.com cut 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 TriNet Group from $117.00 to $121.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, TD Cowen increased their price objective on shares of TriNet Group from $129.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, March 4th. One 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 has an average rating of “Hold” and a consensus target price of $117.50.

TriNet Group Stock Up 2.6 %

NYSE TNET opened at $105.01 on Wednesday. The stock has a 50 day moving average price of $124.56 and a 200-day moving average price of $118.61. TriNet Group, Inc. has a one year low of $87.20 and a one year high of $134.67. The company has a debt-to-equity ratio of 6.88, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $5.31 billion, a P/E ratio of 17.21 and a beta of 1.16.

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

TriNet Group Dividend Announcement

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