Boston Partners Has $8.29 Million Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

Boston Partners lifted its position in shares of TriNet Group, Inc. (NYSE:TNET) by 6.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,366 shares of the business services provider’s stock after buying an additional 5,419 shares during the quarter. Boston Partners owned about 0.18% of TriNet Group worth $8,293,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TNET. William Blair Investment Management LLC acquired a new stake in TriNet Group in the 4th quarter worth about $15,875,000. Cibc World Markets Corp acquired a new stake in shares of TriNet Group in the fourth quarter valued at approximately $271,000. Wealthfront Advisers LLC acquired a new stake in shares of TriNet Group in the fourth quarter valued at approximately $456,581,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of TriNet Group by 11.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,442 shares of the business services provider’s stock valued at $766,000 after buying an additional 872 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in TriNet Group by 118.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider’s stock worth $131,000 after buying an additional 785 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TNET shares. Needham & Company LLC reiterated a “hold” rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen lowered shares of TriNet Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $104.00 to $74.00 in a report on Tuesday, February 18th.

Insider Transactions at TriNet Group

In other news, Director Paul Edward Chamberlain sold 600 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $41,616.00. Following the sale, the director now directly owns 36,991 shares in the company, valued at approximately $2,565,695.76. The trade was a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Jeffery Jon Hayward sold 7,784 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $89.57, for a total transaction of $697,212.88. Following the completion of the transaction, the chief technology officer now owns 21,769 shares of the company’s stock, valued at approximately $1,949,849.33. This trade represents a 26.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,748 shares of company stock worth $833,436. Corporate insiders own 37.10% of the company’s stock.

TriNet Group Trading Down 0.3 %

Shares of TNET opened at $78.90 on Friday. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. TriNet Group, Inc. has a 52-week low of $65.43 and a 52-week high of $134.67. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 23.07 and a beta of 1.26. The business’s fifty day moving average is $82.94 and its 200-day moving average is $89.67.

TriNet Group (NYSE:TNET) last released its earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The firm had revenue of $252.00 million for the quarter, compared to analysts’ expectations of $225.72 million. Equities analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.39%. This is a positive change from TriNet Group’s previous quarterly dividend of $0.25. TriNet Group’s dividend payout ratio (DPR) is currently 29.24%.

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.