Boston Partners Buys 5,419 Shares of TriNet Group, Inc. (NYSE:TNET)

Boston Partners lifted its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 6.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 91,366 shares of the business services provider’s stock after acquiring an additional 5,419 shares during the quarter. Boston Partners’ holdings in TriNet Group were worth $8,293,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TNET. TD Private Client Wealth LLC raised its holdings in TriNet Group by 25.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock worth $58,000 after purchasing an additional 121 shares during the last quarter. IFP Advisors Inc raised its stake in TriNet Group by 45.5% during the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock worth $71,000 after buying an additional 240 shares during the last quarter. KBC Group NV raised its stake in TriNet Group by 26.5% during the third quarter. KBC Group NV now owns 950 shares of the business services provider’s stock worth $92,000 after buying an additional 199 shares during the last quarter. Avion Wealth boosted its position in TriNet Group by 14.9% during the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 140 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of TriNet Group by 118.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider’s stock worth $131,000 after acquiring an additional 785 shares in the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

TriNet Group Stock Performance

Shares of TNET opened at $78.90 on Friday. TriNet Group, Inc. has a one year low of $65.43 and a one year high of $134.67. The company has a market cap of $3.91 billion, a PE ratio of 23.07 and a beta of 1.26. The stock has a 50-day moving average of $82.94 and a 200-day moving average of $89.67. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07.

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

TriNet Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be issued 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 annualized dividend and a yield of 1.39%. TriNet Group’s dividend payout ratio is presently 29.24%.

Wall Street Analysts Forecast Growth

TNET has been the topic of several research analyst reports. Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen cut TriNet Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th.

Insider Activity

In other TriNet Group 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 transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $94,607.04. Following the completion of the sale, the chief technology officer now owns 19,867 shares of the company’s stock, valued at approximately $1,377,975.12. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,748 shares of company stock worth $833,436 over the last three months. 37.10% of the stock is currently owned by insiders.

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.