Hunter Perkins Capital Management LLC Has $925,000 Stake in TriNet Group, Inc. (NYSE:TNET)

Hunter Perkins Capital Management LLC lifted its stake in TriNet Group, Inc. (NYSE:TNET) by 246.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,190 shares of the business services provider’s stock after acquiring an additional 7,250 shares during the period. Hunter Perkins Capital Management LLC’s holdings in TriNet Group were worth $925,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC grew its stake in TriNet Group by 25.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after buying an additional 121 shares during the last quarter. KBC Group NV grew its position in TriNet Group by 26.5% in the 3rd quarter. KBC Group NV now owns 950 shares of the business services provider’s stock worth $92,000 after purchasing an additional 199 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of TriNet Group during the 4th quarter worth about $230,000. Aristides Capital LLC acquired a new position in shares of TriNet Group during the second quarter valued at about $258,000. Finally, Quadrature Capital Ltd bought a new stake in shares of TriNet Group in the third quarter valued at about $275,000. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Stock Down 0.6 %

NYSE TNET opened at $93.80 on Monday. TriNet Group, Inc. has a 1-year low of $74.32 and a 1-year high of $134.67. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 18.07 and a beta of 1.21. The stock’s 50 day moving average is $91.93 and its two-hundred day moving average is $95.30. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 7.70.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, January 2nd. TriNet Group’s dividend payout ratio is 19.27%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TNET shares. JPMorgan Chase & Co. restated an “underweight” rating and set a $103.00 price target on shares of TriNet Group in a research note on Tuesday, October 22nd. TD Cowen boosted their price objective on TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Needham & Company LLC cut TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $117.00.

Insider Buying and Selling at TriNet Group

In other news, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $3,241,471.93. The trade was a 0.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,813 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $92.74, for a total value of $168,137.62. Following the sale, the chief technology officer now owns 36,951 shares in the company, valued at approximately $3,426,835.74. This trade represents a 4.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,317 shares of company stock worth $1,115,842 over the last three months. Company insiders own 37.10% of the company’s stock.

TriNet Group Company 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.