Paralel Advisors LLC Purchases 1,720 Shares of TriNet Group, Inc. (NYSE:TNET)

Paralel Advisors LLC grew its position in TriNet Group, Inc. (NYSE:TNET) by 10.0% during the fourth quarter, HoldingsChannel reports. The firm owned 18,949 shares of the business services provider’s stock after buying an additional 1,720 shares during the period. Paralel Advisors LLC’s holdings in TriNet Group were worth $1,720,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of TriNet Group in the 4th quarter worth $1,395,000. Russell Investments Group Ltd. grew its position in TriNet Group by 3.1% during the fourth quarter. Russell Investments Group Ltd. now owns 78,855 shares of the business services provider’s stock valued at $7,158,000 after buying an additional 2,349 shares during the period. Wells Fargo & Company MN grew its position in TriNet Group by 4.7% during the fourth quarter. Wells Fargo & Company MN now owns 77,518 shares of the business services provider’s stock valued at $7,036,000 after buying an additional 3,456 shares during the period. Massachusetts Financial Services Co. MA grew its position in TriNet Group by 18.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,898,005 shares of the business services provider’s stock valued at $172,282,000 after buying an additional 289,071 shares during the period. Finally, Alliancebernstein L.P. boosted its position in TriNet Group by 495.2% during the fourth quarter. Alliancebernstein L.P. now owns 214,217 shares of the business services provider’s stock worth $19,444,000 after purchasing an additional 178,228 shares during the period. 96.81% of the stock is owned by institutional investors.

Insider Activity at TriNet Group

In related news, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction on Tuesday, February 25th. The shares were 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. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Jeffery Jon Hayward sold 7,784 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $89.57, for a total transaction of $697,212.88. Following the transaction, the chief technology officer now directly owns 21,769 shares in the company, valued at approximately $1,949,849.33. The trade was 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 three months. 37.10% of the stock is owned by corporate insiders.

TriNet Group Price Performance

Shares of TriNet Group stock traded down $1.10 on Thursday, reaching $76.74. The stock had a trading volume of 3,909 shares, compared to its average volume of 370,326. TriNet Group, Inc. has a 1 year low of $65.43 and a 1 year high of $131.27. The company has a market cap of $3.80 billion, a P/E ratio of 22.44 and a beta of 1.06. 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 business’s 50 day moving average is $77.98 and its two-hundred day moving average is $87.47.

TriNet Group (NYSE:TNET) last announced its earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $252.00 million for the quarter, compared to the consensus estimate 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 anticipate that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be paid a $0.275 dividend. This is an increase from TriNet Group’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Tuesday, April 1st. TriNet Group’s dividend payout ratio (DPR) is currently 32.16%.

Analyst Ratings Changes

A number of equities analysts have weighed in on TNET shares. Needham & Company LLC reiterated a “hold” rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen lowered shares of TriNet Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th.

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.