Quantbot Technologies LP Makes New $1.94 Million Investment in TriNet Group, Inc. (NYSE:TNET)

Quantbot Technologies LP bought a new position in shares of TriNet Group, Inc. (NYSE:TNET) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,614 shares of the business services provider’s stock, valued at approximately $1,936,000.

Other hedge funds have also modified their holdings of the company. Principal Securities Inc. purchased a new position in TriNet Group in the 4th quarter valued at $26,000. Avion Wealth grew its position in TriNet Group by 22.9% in the 4th quarter. Avion Wealth now owns 569 shares of the business services provider’s stock valued at $68,000 after buying an additional 106 shares during the last quarter. Blue Trust Inc. grew its position in TriNet Group by 15.7% in the 4th quarter. Blue Trust Inc. now owns 798 shares of the business services provider’s stock valued at $93,000 after buying an additional 108 shares during the last quarter. Nisa Investment Advisors LLC grew its position in TriNet Group by 12.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 880 shares of the business services provider’s stock valued at $105,000 after buying an additional 100 shares during the last quarter. Finally, Procyon Advisors LLC boosted its position in shares of TriNet Group by 15.2% during the 4th quarter. Procyon Advisors LLC now owns 2,015 shares of the business services provider’s stock worth $240,000 after purchasing an additional 266 shares in the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TNET has been the subject of several research reports. StockNews.com downgraded TriNet Group from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Needham & Company LLC cut their price target on TriNet Group from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, April 26th. Finally, TD Cowen cut their target price on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating for the company in a research note on Monday, June 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $113.83.

TriNet Group Stock Up 0.2 %

Shares of TNET traded up $0.20 during trading on Friday, reaching $101.30. The company’s stock had a trading volume of 409,446 shares, compared to its average volume of 271,848. The company has a fifty day moving average of $102.90 and a two-hundred day moving average of $115.21. TriNet Group, Inc. has a twelve month low of $91.80 and a twelve month high of $134.67. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 16.61 and a beta of 1.19. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 6.88.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Friday, April 26th. The business services provider reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.36). The firm had revenue of $357.00 million for the quarter, compared to analyst estimates of $380.41 million. TriNet Group had a net margin of 6.78% and a return on equity of 124.38%. On average, sell-side analysts predict that TriNet Group, Inc. will post 4.82 EPS for the current fiscal year.

TriNet Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 1st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, July 1st. This represents a $1.00 annualized dividend and a dividend yield of 0.99%. TriNet Group’s payout ratio is 16.39%.

Insider Transactions at TriNet Group

In related news, SVP Alexander G. Warren sold 1,867 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $103.74, for a total value of $193,682.58. Following the completion of the sale, the senior vice president now directly owns 32,661 shares of the company’s stock, valued at approximately $3,388,252.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $101.02, for a total transaction of $37,882.50. Following the transaction, the director now owns 36,341 shares of the company’s stock, valued at approximately $3,671,167.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Alexander G. Warren sold 1,867 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $103.74, for a total value of $193,682.58. Following the transaction, the senior vice president now directly owns 32,661 shares in the company, valued at approximately $3,388,252.14. The disclosure for this sale can be found here. Company insiders own 37.10% of the company’s stock.

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.