Cornerstone Investment Partners LLC Grows Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

Cornerstone Investment Partners LLC grew its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 28.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,327 shares of the business services provider’s stock after buying an additional 1,628 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in TriNet Group were worth $665,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. TD Private Client Wealth LLC grew 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 buying an additional 121 shares during the period. Avion Wealth lifted its position 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 in the last quarter. Franklin Resources Inc. lifted its position 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 in the last quarter. Linden Thomas Advisory Services LLC lifted its position 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 purchasing an additional 196 shares in the last quarter. Finally, KBC Group NV lifted its position 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 purchasing an additional 199 shares in the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Needham & Company LLC reissued 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 reduced their target price for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th.

TriNet Group Trading Down 1.3 %

TNET opened at $72.77 on Tuesday. The stock has a market capitalization of $3.60 billion, a PE ratio of 21.28 and a beta of 1.21. The firm’s fifty day moving average price is $86.82 and its 200 day moving average price is $91.74. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $134.67.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $252.00 million for the quarter, compared to analysts’ expectations of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. As a group, research analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were issued a $0.25 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $1.00 annualized dividend and a yield of 1.37%. TriNet Group’s dividend payout ratio is presently 29.24%.

Insider Activity at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeffery Jon Hayward sold 7,784 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $89.57, for a total transaction of $697,212.88. Following the sale, the chief technology officer now directly owns 21,769 shares in the company, valued at $1,949,849.33. This trade represents a 26.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,748 shares of company stock valued at $833,436 over the last ninety days. Corporate 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.