LRI Investments LLC Has $60,000 Stock Position in TriNet Group, Inc. (NYSE:TNET)

LRI Investments LLC increased its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 643.8% in the fourth quarter, Holdings Channel reports. The firm owned 662 shares of the business services provider’s stock after buying an additional 573 shares during the quarter. LRI Investments LLC’s holdings in TriNet Group were worth $60,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. IFP Advisors Inc grew its stake in shares of 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 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 period. KBC Group NV grew its stake in shares of 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. PNC Financial Services Group Inc. grew its stake in shares of TriNet Group by 118.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider’s stock worth $131,000 after purchasing an additional 785 shares during the period. Finally, Xponance Inc. grew its stake in shares of TriNet Group by 17.8% during the fourth quarter. Xponance Inc. now owns 2,456 shares of the business services provider’s stock worth $223,000 after purchasing an additional 371 shares during the period. 96.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,364 shares of the company’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 $94,607.04. Following the completion of the transaction, the chief technology officer now directly owns 19,867 shares of the company’s stock, valued at $1,377,975.12. This represents a 6.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $41,616.00. Following the transaction, the director now directly owns 36,991 shares of the company’s stock, valued at $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. 38.10% of the stock is owned by insiders.

TriNet Group Stock Down 0.3%

NYSE:TNET opened at $84.23 on Wednesday. TriNet Group, Inc. has a 1 year low of $65.43 and a 1 year high of $116.26. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 24.63 and a beta of 0.91. The stock has a 50-day moving average price of $77.84 and a two-hundred day moving average price of $84.77.

TriNet Group (NYSE:TNET) last posted its earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.32. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $319.36 million. During the same period in the previous year, the firm earned $2.18 earnings per share. As a group, equities analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.275 per share. This is a boost from TriNet Group’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, April 1st. TriNet Group’s dividend payout ratio is currently 32.84%.

Wall Street Analyst Weigh In

TNET has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on TriNet Group from $75.00 to $76.00 and gave the stock an “underweight” rating in a research note on Monday, April 28th. TD Cowen cut TriNet Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $104.00 to $74.00 in a research note on Tuesday, February 18th. Finally, Needham & Company LLC reissued a “hold” rating on shares of TriNet Group in a research note on Thursday, March 13th.

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.