Emerald Mutual Fund Advisers Trust Has $19.82 Million Stake in TriNet Group, Inc. (NYSE:TNET)

Emerald Mutual Fund Advisers Trust trimmed its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 0.4% in the third quarter, HoldingsChannel reports. The firm owned 204,425 shares of the business services provider’s stock after selling 903 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in TriNet Group were worth $19,823,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TNET. BNP Paribas Financial Markets increased its holdings in TriNet Group by 23.2% during the 1st quarter. BNP Paribas Financial Markets now owns 43,952 shares of the business services provider’s stock valued at $5,823,000 after purchasing an additional 8,275 shares in the last quarter. Jennison Associates LLC increased its holdings in TriNet Group by 1.8% during the 1st quarter. Jennison Associates LLC now owns 5,663 shares of the business services provider’s stock valued at $750,000 after purchasing an additional 99 shares in the last quarter. Quantbot Technologies LP acquired a new stake in TriNet Group during the 1st quarter valued at $1,936,000. ProShare Advisors LLC increased its holdings in TriNet Group by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 5,755 shares of the business services provider’s stock valued at $762,000 after purchasing an additional 452 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in TriNet Group during the 1st quarter valued at $581,000. 96.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on TNET. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $103.00 price target on shares of TriNet Group in a report on Tuesday, October 22nd. Needham & Company LLC lowered TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a research report on Monday, October 28th. Finally, TD Cowen decreased their price objective on TriNet Group from $110.00 to $92.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $113.20.

Insider Transactions at TriNet Group

In other news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total value of $32,336.25. Following the transaction, the director now directly owns 37,591 shares in the company, valued at $3,241,471.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total value of $32,336.25. Following the transaction, the director now directly owns 37,591 shares in the company, valued at $3,241,471.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the completion of the transaction, the chief financial officer now owns 82,409 shares in the company, valued at $8,484,830.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 37.10% of the stock is owned by corporate insiders.

TriNet Group Stock Down 1.0 %

Shares of TNET opened at $84.03 on Friday. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 16.19 and a beta of 1.20. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.04 and a current ratio of 1.07. The business’s fifty day moving average price is $95.46 and its two-hundred day moving average price is $101.19. TriNet Group, Inc. has a 52 week low of $74.32 and a 52 week high of $134.67.

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.19%. TriNet Group’s dividend payout ratio is currently 19.27%.

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.