Massachusetts Financial Services Co. MA Acquires 289,071 Shares of TriNet Group, Inc. (NYSE:TNET)

Massachusetts Financial Services Co. MA raised its position in shares of TriNet Group, Inc. (NYSE:TNET) by 18.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,898,005 shares of the business services provider’s stock after acquiring an additional 289,071 shares during the period. Massachusetts Financial Services Co. MA owned approximately 3.83% of TriNet Group worth $172,282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. TD Private Client Wealth LLC raised its position in shares of TriNet Group by 25.5% in the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after buying an additional 121 shares in the last quarter. IFP Advisors Inc lifted its position in TriNet Group by 45.5% during the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock worth $71,000 after purchasing an additional 240 shares during the period. Avion Wealth grew its stake in TriNet Group by 14.9% during the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock worth $98,000 after buying an additional 140 shares in the last quarter. KBC Group NV increased its holdings in TriNet Group by 43.7% in the 4th quarter. KBC Group NV now owns 1,365 shares of the business services provider’s stock valued at $124,000 after buying an additional 415 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of TriNet Group by 118.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider’s stock valued at $131,000 after buying an additional 785 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Stock Performance

NYSE:TNET opened at $77.22 on Friday. The stock’s 50-day moving average is $80.29 and its 200-day moving average is $88.41. TriNet Group, Inc. has a 1-year low of $65.43 and a 1-year high of $134.67. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. The stock has a market cap of $3.82 billion, a P/E ratio of 22.58 and a beta of 1.26.

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

TriNet Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.42%. This is an increase from TriNet Group’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, April 1st. TriNet Group’s dividend payout ratio (DPR) is 32.16%.

Analyst Ratings Changes

TNET has been the subject of several research analyst reports. Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen cut shares of TriNet Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $104.00 to $74.00 in a research note on Tuesday, February 18th.

Insider Buying and Selling

In related news, CTO Jeffery Jon Hayward sold 1,364 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $94,607.04. Following the transaction, the chief technology officer now owns 19,867 shares in the company, valued at $1,377,975.12. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the sale, the director now directly owns 36,991 shares of the company’s stock, valued at $2,565,695.76. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,748 shares of company stock valued at $833,436 over the last ninety days. 37.10% of the stock is owned by company insiders.

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.