5,030,086 Shares in TriNet Group, Inc. (NYSE:TNET) Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC acquired a new position in shares of TriNet Group, Inc. (NYSE:TNET) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 5,030,086 shares of the business services provider’s stock, valued at approximately $456,581,000. Wealthfront Advisers LLC owned approximately 0.10% of TriNet Group at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TNET. TD Private Client Wealth LLC lifted its stake in TriNet Group by 25.5% during the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock worth $58,000 after purchasing an additional 121 shares in the last quarter. Avion Wealth grew its holdings in shares of 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 purchasing an additional 140 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of TriNet Group by 3.4% during the third quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider’s stock worth $499,000 after purchasing an additional 169 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of TriNet Group by 2.6% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,731 shares of the business services provider’s stock worth $702,000 after buying an additional 196 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of TriNet Group by 26.5% during the third quarter. KBC Group NV now owns 950 shares of the business services provider’s stock worth $92,000 after buying an additional 199 shares during the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CTO Jeffery Jon Hayward sold 1,364 shares of TriNet Group stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $94,607.04. Following the sale, the chief technology officer now directly owns 19,867 shares in the company, valued at approximately $1,377,975.12. The trade was a 6.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the director now directly owns 36,991 shares of the company’s stock, valued at approximately $2,565,695.76. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,748 shares of company stock worth $833,436 in the last quarter. 37.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TNET shares. Needham & Company LLC reiterated a “hold” rating on shares of TriNet Group in a research report on Friday, February 14th. TD Cowen cut shares of TriNet Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $104.00 to $74.00 in a research note on Tuesday, February 18th.

TriNet Group Price Performance

Shares of NYSE:TNET opened at $74.15 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. TriNet Group, Inc. has a fifty-two week low of $65.43 and a fifty-two week high of $134.67. The firm has a 50-day simple moving average of $85.22 and a 200 day simple moving average of $90.96. The company has a market cap of $3.67 billion, a PE ratio of 21.68 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $252.00 million during 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%. On average, sell-side analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were given a $0.25 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.35%. TriNet Group’s payout ratio is 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.