Teacher Retirement System of Texas Acquires 22,695 Shares of TriNet Group, Inc. (NYSE:TNET)

Teacher Retirement System of Texas boosted its holdings in TriNet Group, Inc. (NYSE:TNET) by 374.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 28,753 shares of the business services provider’s stock after purchasing an additional 22,695 shares during the quarter. Teacher Retirement System of Texas’ holdings in TriNet Group were worth $2,610,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TNET. TD Private Client Wealth LLC boosted its position in shares of 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 valued at $58,000 after buying an additional 121 shares during the last quarter. IFP Advisors Inc raised its stake in shares of TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock valued at $71,000 after buying an additional 240 shares during the period. Avion Wealth increased its holdings in TriNet Group by 14.9% in the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock worth $98,000 after acquiring an additional 140 shares during the last quarter. KBC Group NV boosted its position in TriNet Group by 43.7% during the fourth quarter. KBC Group NV now owns 1,365 shares of the business services provider’s stock worth $124,000 after purchasing an additional 415 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in 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 worth $131,000 after buying an additional 785 shares during the period. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Stock Up 0.9 %

TNET stock opened at $79.17 on Thursday. The company’s 50 day moving average is $81.90 and its 200 day moving average is $89.04. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 23.15 and a beta of 1.26. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. TriNet Group, Inc. has a 1-year low of $65.43 and a 1-year high of $134.67.

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 firm 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%. Sell-side analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be given a dividend of $0.275 per share. This is an increase from TriNet Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.10 dividend on an annualized basis and a yield of 1.39%. TriNet Group’s dividend payout ratio (DPR) is presently 32.16%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TNET. TD Cowen cut TriNet Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th. Needham & Company LLC reiterated a “hold” rating on shares of TriNet Group in a research note on Thursday, March 13th.

Insiders Place Their Bets

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $41,616.00. Following the transaction, the director now directly owns 36,991 shares of the company’s stock, valued at approximately $2,565,695.76. This trade represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $94,607.04. Following the completion of the sale, the chief technology officer now owns 19,867 shares of the company’s stock, valued at approximately $1,377,975.12. The trade was a 6.42 % 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 valued at $833,436 over the last 90 days. Insiders own 37.10% of the company’s stock.

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.