California Public Employees Retirement System Purchases 5,824 Shares of TriNet Group, Inc. (NYSE:TNET)

California Public Employees Retirement System lifted its position in TriNet Group, Inc. (NYSE:TNET) by 8.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 78,375 shares of the business services provider’s stock after purchasing an additional 5,824 shares during the period. California Public Employees Retirement System owned about 0.16% of TriNet Group worth $9,321,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in TriNet Group by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 181,542 shares of the business services provider’s stock worth $21,146,000 after acquiring an additional 1,907 shares during the period. Strs Ohio lifted its stake in TriNet Group by 53.8% in the third quarter. Strs Ohio now owns 12,300 shares of the business services provider’s stock worth $1,432,000 after acquiring an additional 4,300 shares during the period. Teacher Retirement System of Texas lifted its stake in TriNet Group by 20.9% in the third quarter. Teacher Retirement System of Texas now owns 11,241 shares of the business services provider’s stock worth $1,309,000 after acquiring an additional 1,940 shares during the period. Duality Advisers LP purchased a new stake in TriNet Group in the third quarter worth $1,599,000. Finally, Principal Financial Group Inc. lifted its stake in TriNet Group by 31.4% in the third quarter. Principal Financial Group Inc. now owns 16,538 shares of the business services provider’s stock worth $1,926,000 after acquiring an additional 3,956 shares during the period. Institutional investors own 96.81% of the company’s stock.

Insider Activity

In other news, SVP Alexander G. Warren sold 2,385 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $123.07, for a total transaction of $293,521.95. Following the completion of the transaction, the senior vice president now directly owns 18,365 shares in the company, valued at $2,260,180.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Kelly L. Tuminelli sold 4,396 shares of TriNet Group stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $122.67, for a total value of $539,257.32. Following the completion of the sale, the chief financial officer now directly owns 65,999 shares in the company, valued at approximately $8,096,097.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Alexander G. Warren sold 2,385 shares of TriNet Group stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $123.07, for a total value of $293,521.95. Following the completion of the sale, the senior vice president now owns 18,365 shares of the company’s stock, valued at $2,260,180.55. The disclosure for this sale can be found here. Insiders sold 31,052 shares of company stock worth $3,837,142 over the last three months. 37.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TNET has been the subject of a number of research analyst reports. TD Cowen raised their price target on TriNet Group from $129.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Needham & Company LLC lowered their price objective on TriNet Group from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, April 26th. StockNews.com lowered TriNet Group from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Stifel Nicolaus raised their price objective on TriNet Group from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $117.50.

TriNet Group Price Performance

Shares of NYSE:TNET opened at $101.93 on Friday. TriNet Group, Inc. has a 1-year low of $87.20 and a 1-year high of $134.67. The company has a debt-to-equity ratio of 6.88, a current ratio of 1.06 and a quick ratio of 1.05. The business has a fifty day moving average price of $126.17 and a 200-day moving average price of $118.89. The company has a market capitalization of $5.15 billion, a PE ratio of 16.71 and a beta of 1.16.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.46. TriNet Group had a return on equity of 124.38% and a net margin of 6.78%. The firm had revenue of $326.00 million during the quarter, compared to the consensus estimate of $300.36 million. As a group, equities analysts expect that TriNet Group, Inc. will post 5.79 EPS for the current fiscal year.

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.98%. TriNet Group’s payout ratio is presently 16.39%.

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.