TriNet Group, Inc. (NYSE:TNET) Shares Bought by Reinhart Partners LLC.

Reinhart Partners LLC. lifted its holdings in TriNet Group, Inc. (NYSE:TNET) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 234,068 shares of the business services provider’s stock after acquiring an additional 1,113 shares during the quarter. Reinhart Partners LLC.’s holdings in TriNet Group were worth $21,246,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TNET. TD Private Client Wealth LLC grew its position in TriNet Group by 25.5% during the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 121 shares in the last quarter. KBC Group NV grew its position in TriNet Group by 26.5% during the third quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after purchasing an additional 199 shares in the last quarter. Headlands Technologies LLC purchased a new position in TriNet Group during the second quarter valued at approximately $93,000. Aristides Capital LLC acquired a new stake in TriNet Group in the second quarter valued at approximately $258,000. Finally, Quadrature Capital Ltd acquired a new stake in TriNet Group in the third quarter valued at approximately $275,000. 96.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Needham & Company LLC cut shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a research note on Monday, October 28th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $103.00 target price on shares of TriNet Group in a research note on Tuesday, October 22nd. Finally, TD Cowen lifted their target price on shares of TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, TriNet Group presently has a consensus rating of “Hold” and an average price target of $117.00.

TriNet Group Stock Performance

TriNet Group stock traded up $1.91 during mid-day trading on Monday, reaching $91.74. The company had a trading volume of 85,028 shares, compared to its average volume of 238,736. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 7.70. TriNet Group, Inc. has a 52 week low of $74.32 and a 52 week high of $134.67. The company has a 50 day moving average of $91.86 and a 200-day moving average of $95.74. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 17.68 and a beta of 1.21.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Thursday, January 2nd. TriNet Group’s dividend payout ratio (DPR) is presently 19.27%.

Insider Buying and Selling at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,813 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $92.74, for a total transaction of $168,137.62. Following the completion of the transaction, the chief technology officer now directly owns 36,951 shares of the company’s stock, valued at approximately $3,426,835.74. This trade represents a 4.68 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,533 shares of company stock valued at $418,629 in the last ninety days. Company 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.