TriNet Group, Inc. (NYSE:TNET) Position Raised by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC boosted its position in TriNet Group, Inc. (NYSE:TNET) by 246.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,190 shares of the business services provider’s stock after purchasing an additional 7,250 shares during the period. Hunter Perkins Capital Management LLC’s holdings in TriNet Group were worth $925,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC lifted its holdings 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 during the period. Franklin Resources Inc. raised its position in TriNet Group by 3.4% in the third quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider’s stock worth $499,000 after acquiring an additional 169 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in TriNet Group by 2.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,731 shares of the business services provider’s stock valued at $702,000 after acquiring an additional 196 shares during the last quarter. KBC Group NV boosted its position in shares of TriNet Group by 26.5% during the 3rd quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after purchasing an additional 199 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in shares of TriNet Group by 5.4% in the 3rd quarter. Tidal Investments LLC now owns 5,121 shares of the business services provider’s stock worth $495,000 after purchasing an additional 263 shares during the last quarter. 96.81% of the stock is owned by institutional investors.

TriNet Group Trading Down 0.6 %

NYSE TNET opened at $93.80 on Monday. The firm’s 50 day moving average price is $91.93 and its two-hundred day moving average price is $95.30. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.07 and a current ratio of 1.07. TriNet Group, Inc. has a twelve month low of $74.32 and a twelve month high of $134.67. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 18.07 and a beta of 1.21.

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. TriNet Group’s dividend payout ratio is 19.27%.

Insider Buying and Selling

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total value of $32,336.25. Following the transaction, the director now directly owns 37,591 shares of the company’s stock, valued at $3,241,471.93. This represents a 0.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,813 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $92.74, for a total value of $168,137.62. Following the completion of the transaction, the chief technology officer now owns 36,951 shares in the company, valued at $3,426,835.74. This represents a 4.68 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,317 shares of company stock valued at $1,115,842. Corporate insiders own 37.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Needham & Company LLC cut shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a report on Monday, October 28th. TD Cowen raised their price objective on TriNet Group from $92.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $117.00.

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.