TriNet Group, Inc. (NYSE:TNET) is Sea Cliff Partners Management LP’s 8th Largest Position

Sea Cliff Partners Management LP increased its position in shares of TriNet Group, Inc. (NYSE:TNET) by 39.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,439 shares of the business services provider’s stock after purchasing an additional 60,439 shares during the period. TriNet Group accounts for 6.8% of Sea Cliff Partners Management LP’s portfolio, making the stock its 8th largest holding. Sea Cliff Partners Management LP owned 0.43% of TriNet Group worth $19,555,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LRI Investments LLC increased its stake in TriNet Group by 643.8% in the 4th quarter. LRI Investments LLC now owns 662 shares of the business services provider’s stock worth $60,000 after buying an additional 573 shares in the last quarter. IFP Advisors Inc boosted its stake in shares of TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock worth $71,000 after acquiring an additional 240 shares during the period. Avion Wealth grew its position in shares of TriNet Group by 14.9% during the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock worth $98,000 after purchasing an additional 140 shares in the last quarter. KBC Group NV grew its position in shares of TriNet Group by 43.7% during the fourth quarter. KBC Group NV now owns 1,365 shares of the business services provider’s stock worth $124,000 after purchasing an additional 415 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in TriNet Group by 118.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 785 shares during the period. 96.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,364 shares of the business’s stock in a transaction that occurred 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 sale, the chief technology officer now directly owns 19,867 shares of the company’s stock, valued at $1,377,975.12. The trade was a 6.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul Edward Chamberlain sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the sale, the director now owns 36,991 shares in the company, valued at approximately $2,565,695.76. This trade represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. 38.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TNET. JPMorgan Chase & Co. upped their price target on TriNet Group from $75.00 to $76.00 and gave the stock an “underweight” rating in a research note on Monday, April 28th. Needham & Company LLC reissued a “hold” rating on shares of TriNet Group in a report on Thursday, March 13th. Finally, TD Cowen lowered shares of TriNet Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th.

TriNet Group Trading Up 0.7%

Shares of TriNet Group stock opened at $86.06 on Friday. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $116.26. 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 business has a 50-day moving average price of $78.50 and a 200-day moving average price of $84.78. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 25.16 and a beta of 0.91.

TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Friday, April 25th. The business services provider reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.32. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The company had revenue of $1.29 billion during the quarter, compared to analyst estimates of $319.36 million. During the same period in the prior year, the company earned $2.18 earnings per share. Equities research analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Tuesday, April 1st were issued a $0.275 dividend. The ex-dividend date was Tuesday, April 1st. This is a positive change 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 1.28%. TriNet Group’s dividend payout ratio (DPR) is 32.84%.

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.