Ghe LLC Purchases 3,091 Shares of TriNet Group, Inc. (NYSE:TNET)

Ghe LLC lifted its position in shares of TriNet Group, Inc. (NYSE:TNET) by 10.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,565 shares of the business services provider’s stock after buying an additional 3,091 shares during the quarter. TriNet Group makes up 1.2% of Ghe LLC’s holdings, making the stock its 18th largest holding. Ghe LLC owned about 0.06% of TriNet Group worth $3,061,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in TriNet Group by 11.4% during the third quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider’s stock valued at $37,366,000 after purchasing an additional 39,351 shares in the last quarter. Summit Global Investments bought a new stake in TriNet Group during the third quarter valued at about $605,000. US Bancorp DE boosted its position in TriNet Group by 9,893.1% during the third quarter. US Bancorp DE now owns 7,195 shares of the business services provider’s stock valued at $698,000 after purchasing an additional 7,123 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in TriNet Group by 32.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider’s stock valued at $156,018,000 after purchasing an additional 391,720 shares in the last quarter. Finally, Simcoe Capital Management LLC bought a new stake in TriNet Group during the third quarter valued at about $16,966,000. Institutional investors own 96.81% of the company’s stock.

TriNet Group Trading Down 4.6 %

Shares of NYSE:TNET opened at $66.56 on Monday. TriNet Group, Inc. has a 52-week low of $66.12 and a 52-week high of $134.67. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 19.46 and a beta of 1.21. 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 $88.97 and a 200-day moving average price of $92.66.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Equities analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Thursday, January 2nd. TriNet Group’s dividend payout ratio is currently 29.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of TriNet Group in a research report on Friday, February 14th. TD Cowen downgraded TriNet Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th.

Insider Activity at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 2,345 shares of TriNet Group stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $93.03, for a total transaction of $218,155.35. Following the completion of the transaction, the chief technology officer now directly owns 34,606 shares in the company, valued at approximately $3,219,396.18. This trade represents a 6.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 37.10% of the stock is owned by company insiders.

About TriNet Group

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.