Wellington Management Group LLP Has $147.67 Million Stake in TriNet Group, Inc. (NYSE:TNET)

Wellington Management Group LLP grew its position in TriNet Group, Inc. (NYSE:TNET) by 23.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,626,902 shares of the business services provider’s stock after purchasing an additional 305,165 shares during the quarter. Wellington Management Group LLP’s holdings in TriNet Group were worth $147,674,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC raised its holdings in TriNet Group by 26.4% during the 4th quarter. Orion Portfolio Solutions LLC now owns 3,706 shares of the business services provider’s stock worth $336,000 after purchasing an additional 773 shares during the last quarter. Norges Bank purchased a new position in shares of TriNet Group during the fourth quarter valued at approximately $13,660,000. Cannon Global Investment Management LLC raised its holdings in shares of TriNet Group by 80.0% in the fourth quarter. Cannon Global Investment Management LLC now owns 6,300 shares of the business services provider’s stock valued at $572,000 after purchasing an additional 2,800 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of TriNet Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,992,008 shares of the business services provider’s stock worth $271,585,000 after buying an additional 36,216 shares in the last quarter. Finally, LPL Financial LLC boosted its position in TriNet Group by 6.5% in the fourth quarter. LPL Financial LLC now owns 9,786 shares of the business services provider’s stock worth $888,000 after purchasing an additional 597 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors.

TriNet Group Stock Performance

NYSE:TNET opened at $77.22 on Friday. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $134.67. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. The firm’s fifty day simple moving average is $80.29 and its 200 day simple moving average is $88.41. The stock has a market cap of $3.82 billion, a P/E ratio of 22.58 and a beta of 1.26.

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

TriNet Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.275 per share. 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 dividend yield of 1.42%. The ex-dividend date is Tuesday, April 1st. TriNet Group’s payout ratio is currently 32.16%.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $41,616.00. Following the transaction, the director now directly owns 36,991 shares in the company, valued at $2,565,695.76. This represents a 1.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Jeffery Jon Hayward sold 7,784 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $89.57, for a total value of $697,212.88. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,748 shares of company stock valued at $833,436. Insiders own 37.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on TNET. TD Cowen lowered TriNet Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $104.00 to $74.00 in a report on Tuesday, February 18th. Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a research report on Thursday, March 13th.

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.