OMERS ADMINISTRATION Corp Has $889,000 Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

OMERS ADMINISTRATION Corp lessened its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 38.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,796 shares of the business services provider’s stock after selling 6,200 shares during the period. OMERS ADMINISTRATION Corp’s holdings in TriNet Group were worth $889,000 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 company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in TriNet Group by 2.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,190 shares of the business services provider’s stock valued at $1,651,000 after acquiring an additional 502 shares during the period. LRI Investments LLC increased its stake in TriNet Group by 643.8% during the fourth quarter. LRI Investments LLC now owns 662 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 573 shares during the period. LRT Capital Management LLC increased its stake in TriNet Group by 95.9% during the fourth quarter. LRT Capital Management LLC now owns 20,512 shares of the business services provider’s stock valued at $1,862,000 after acquiring an additional 10,039 shares during the period. Deutsche Bank AG increased its stake in TriNet Group by 49.4% during the fourth quarter. Deutsche Bank AG now owns 29,122 shares of the business services provider’s stock valued at $2,643,000 after acquiring an additional 9,627 shares during the period. Finally, Bank of America Corp DE increased its stake in TriNet Group by 4.7% during the fourth quarter. Bank of America Corp DE now owns 184,032 shares of the business services provider’s stock valued at $16,705,000 after acquiring an additional 8,299 shares during the period. 96.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. TD Cowen lowered TriNet Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $104.00 to $74.00 in a research note on Tuesday, February 18th. JPMorgan Chase & Co. boosted their price target on TriNet Group from $75.00 to $76.00 and gave the company an “underweight” rating in a research note on Monday, April 28th. Finally, Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a research note on Thursday, March 13th.

TriNet Group Trading Up 0.7%

TNET stock opened at $86.06 on Friday. TriNet Group, Inc. has a 1-year low of $65.43 and a 1-year high of $116.26. The firm has a market cap of $4.17 billion, a P/E ratio of 25.16 and a beta of 0.91. The business’s 50 day moving average is $78.50 and its 200-day moving average is $84.78. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Friday, April 25th. The business services provider reported $1.99 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $319.36 million. During the same period in the prior year, the company posted $2.18 EPS. Equities analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st were paid a $0.275 dividend. This is a positive change from TriNet Group’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Tuesday, April 1st. TriNet Group’s dividend payout ratio is currently 32.84%.

Insider Transactions at TriNet Group

In other 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 value of $94,607.04. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Edward Chamberlain sold 600 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 value of $41,616.00. Following the completion of the transaction, the director now directly owns 36,991 shares in the company, valued at $2,565,695.76. The trade was 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 owned by company insiders.

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.