TriNet Group, Inc. (NYSE:TNET) Position Raised by Xponance Inc.

Xponance Inc. increased its position in shares of TriNet Group, Inc. (NYSE:TNET) by 6.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,613 shares of the business services provider’s stock after purchasing an additional 157 shares during the period. Xponance Inc.’s holdings in TriNet Group were worth $207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its position in TriNet Group by 70.6% in the first quarter. Cerity Partners LLC now owns 5,853 shares of the business services provider’s stock worth $464,000 after buying an additional 2,423 shares during the last quarter. Linden Thomas Advisory Services LLC grew its position in TriNet Group by 9.6% in the first quarter. Linden Thomas Advisory Services LLC now owns 8,476 shares of the business services provider’s stock worth $672,000 after buying an additional 745 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in TriNet Group by 15.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 39,096 shares of the business services provider’s stock worth $3,020,000 after buying an additional 5,353 shares during the last quarter. Bank of New York Mellon Corp grew its position in TriNet Group by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 232,279 shares of the business services provider’s stock worth $18,406,000 after buying an additional 9,821 shares during the last quarter. Finally, Yorktown Management & Research Co Inc acquired a new position in TriNet Group in the first quarter worth approximately $345,000. Institutional investors own 96.81% of the company’s stock.

TriNet Group Price Performance

Shares of NYSE:TNET opened at $63.90 on Monday. The company’s fifty day moving average is $77.35 and its two-hundred day moving average is $79.94. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 14.43. TriNet Group, Inc. has a 12-month low of $63.77 and a 12-month high of $116.26. The company has a market cap of $3.09 billion, a P/E ratio of 19.07 and a beta of 0.84.

TriNet Group (NYSE:TNET) last announced its earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.32. TriNet Group had a net margin of 3.32% and a return on equity of 237.87%. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $319.36 million. During the same period in the previous year, the business earned $2.18 EPS. Equities analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.72%. The ex-dividend date is Tuesday, July 1st. TriNet Group’s dividend payout ratio (DPR) is currently 32.84%.

Insider Buying and Selling at TriNet Group

In other news, SVP Sidney A. Majalya sold 500 shares of the business’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $83.14, for a total transaction of $41,570.00. Following the transaction, the senior vice president directly owned 23,033 shares in the company, valued at $1,914,963.62. The trade was a 2.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the business’s stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $82.04, for a total transaction of $117,891.48. Following the transaction, the chief technology officer owned 32,932 shares in the company, valued at approximately $2,701,741.28. This represents a 4.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,120 shares of company stock worth $175,291. Company insiders own 38.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lifted their price target on shares of TriNet Group from $75.00 to $76.00 and gave the stock an “underweight” rating in a research report on Monday, April 28th.

TriNet Group 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.