New York Life Investment Management LLC Buys Shares of 5,832 TriNet Group, Inc. (NYSE:TNET)

New York Life Investment Management LLC purchased a new position in TriNet Group, Inc. (NYSE:TNET) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 5,832 shares of the business services provider’s stock, valued at approximately $694,000.

A number of other large investors also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. increased its holdings in TriNet Group by 2.7% during 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 acquiring an additional 23,194 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of TriNet Group by 84.3% in the third 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. raised its position in shares of TriNet Group by 2.1% in the third quarter. Royal London Asset Management Ltd. now owns 239,604 shares of the business services provider’s stock worth $27,920,000 after buying an additional 4,914 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of TriNet Group by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 181,542 shares of the business services provider’s stock worth $21,146,000 after buying an additional 1,907 shares in the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in TriNet Group by 253.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 144,083 shares of the business services provider’s stock valued at $17,136,000 after buying an additional 103,330 shares during the period. 96.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Stifel Nicolaus raised their price target on TriNet Group from $117.00 to $121.00 and gave the company a “buy” rating in a report on Friday, February 16th. TD Cowen raised their target price on shares of TriNet Group from $129.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. Needham & Company LLC cut their price target on shares of TriNet Group from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Finally, StockNews.com lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, TriNet Group has a consensus rating of “Hold” and a consensus price target of $117.50.

TriNet Group Stock Performance

NYSE:TNET opened at $103.25 on Thursday. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 16.93 and a beta of 1.16. The business has a 50 day moving average of $124.06 and a 200 day moving average of $118.51. The company has a debt-to-equity ratio of 6.88, a current ratio of 1.06 and a quick ratio of 1.06. TriNet Group, Inc. has a 1-year low of $87.20 and a 1-year high of $134.67.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data 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. TriNet Group had a net margin of 6.78% and a return on equity of 124.38%. The firm had revenue of $326.00 million during the quarter, compared to analyst estimates of $300.36 million. On average, sell-side analysts predict that TriNet Group, Inc. will post 4.78 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. TriNet Group’s dividend payout ratio (DPR) is currently 16.39%.

Insider Transactions at TriNet Group

In related news, SVP Alexander G. Warren sold 2,385 shares of the firm’s stock in a transaction that occurred 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 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 SEC, which is available through this hyperlink. In related news, SVP Alexander G. Warren sold 2,385 shares of the company’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 directly owns 18,365 shares in the company, valued at approximately $2,260,180.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Wayne B. Lowell sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $122.22, for a total transaction of $1,222,200.00. Following the completion of the sale, the director now directly owns 84,766 shares in the company, valued at approximately $10,360,100.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,427 shares of company stock worth $3,875,024. Company insiders own 37.10% of the company’s stock.

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.