Van ECK Associates Corp Purchases 15,282 Shares of TriNet Group, Inc. (NYSE:TNET)

Van ECK Associates Corp increased its position in shares of TriNet Group, Inc. (NYSE:TNET) by 181.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,683 shares of the business services provider’s stock after buying an additional 15,282 shares during the period. Van ECK Associates Corp’s holdings in TriNet Group were worth $2,817,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC raised its stake in TriNet Group by 253.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 144,083 shares of the business services provider’s stock valued at $17,136,000 after acquiring an additional 103,330 shares during the period. Cookson Peirce & Co. Inc. acquired a new position in shares of TriNet Group in the fourth quarter valued at $7,777,000. Jackson Creek Investment Advisors LLC bought a new position in shares of TriNet Group in the third quarter valued at about $1,105,000. Barclays PLC lifted its stake in shares of TriNet Group by 29.9% during the 3rd quarter. Barclays PLC now owns 23,389 shares of the business services provider’s stock worth $2,725,000 after buying an additional 5,379 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in shares of TriNet Group by 344.7% during the 3rd quarter. Quantbot Technologies LP now owns 23,356 shares of the business services provider’s stock worth $2,721,000 after buying an additional 18,104 shares during the period. 96.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Stifel Nicolaus increased their price target on shares of TriNet Group from $117.00 to $121.00 and gave the company a “buy” rating in a report on Friday, February 16th. Needham & Company LLC dropped their price target on TriNet Group from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, April 26th. StockNews.com downgraded TriNet Group from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Finally, TD Cowen increased their price objective on TriNet Group from $129.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $117.50.

TriNet Group Price Performance

Shares of NYSE TNET opened at $105.01 on Wednesday. The business has a fifty day moving average price of $124.56 and a two-hundred day moving average price of $118.61. The stock has a market capitalization of $5.31 billion, a PE ratio of 17.21 and a beta of 1.16. The company has a debt-to-equity ratio of 6.88, a current ratio of 1.06 and a quick ratio of 1.06. TriNet Group, Inc. has a fifty-two week low of $87.20 and a fifty-two week high of $134.67.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.46. TriNet Group had a return on equity of 124.38% and a net margin of 6.78%. The company had revenue of $326.00 million for the quarter, compared to analysts’ expectations of $300.36 million. As a group, equities analysts predict that TriNet Group, Inc. will post 4.78 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.95%. The ex-dividend date was Thursday, March 28th. TriNet Group’s payout ratio is 16.39%.

Insider Buying and Selling at TriNet Group

In other news, SVP Alexander G. Warren sold 2,385 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Alexander G. Warren sold 2,385 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $123.07, for a total transaction of $293,521.95. Following the sale, the senior vice president now directly owns 18,365 shares in the company, valued at $2,260,180.55. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Samantha Wellington sold 14,271 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $124.88, for a total transaction of $1,782,162.48. Following the completion of the transaction, the executive vice president now owns 48,562 shares of the company’s stock, valued at approximately $6,064,422.56. The disclosure for this sale can be found here. Insiders have sold 31,427 shares of company stock worth $3,875,024 over the last quarter. 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.