Massachusetts Financial Services Co. MA Has $156.02 Million Position in TriNet Group, Inc. (NYSE:TNET)

Massachusetts Financial Services Co. MA raised its stake in TriNet Group, Inc. (NYSE:TNET) by 32.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,608,934 shares of the business services provider’s stock after acquiring an additional 391,720 shares during the period. Massachusetts Financial Services Co. MA owned approximately 3.25% of TriNet Group worth $156,018,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of TriNet Group by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,838,347 shares of the business services provider’s stock valued at $376,053,000 after buying an additional 52,240 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in TriNet Group by 2.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 28,226 shares of the business services provider’s stock valued at $3,746,000 after purchasing an additional 778 shares in the last quarter. LRI Investments LLC acquired a new position in TriNet Group during the first quarter valued at approximately $81,000. Price T Rowe Associates Inc. MD lifted its stake in TriNet Group by 960.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 236,003 shares of the business services provider’s stock worth $31,269,000 after purchasing an additional 213,752 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of TriNet Group by 2.2% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 375,593 shares of the business services provider’s stock valued at $49,762,000 after purchasing an additional 8,204 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total transaction of $32,336.25. Following the completion of the sale, the director now owns 37,591 shares of the company’s stock, valued at approximately $3,241,471.93. This represents a 0.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total transaction of $482,161.68. Following the transaction, the chief financial officer now owns 82,409 shares of the company’s stock, valued at approximately $8,484,830.64. The trade was a 5.38 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 37.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on TNET shares. Needham & Company LLC downgraded TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a research report on Monday, October 28th. TD Cowen increased their target price on shares of TriNet Group from $92.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $103.00 price objective on shares of TriNet Group in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, TriNet Group has an average rating of “Hold” and an average price target of $117.00.

TriNet Group Price Performance

TriNet Group stock opened at $93.00 on Friday. The stock has a 50-day moving average price of $93.41 and a two-hundred day moving average price of $98.83. TriNet Group, Inc. has a 12 month low of $74.32 and a 12 month high of $134.67. The company has a market capitalization of $4.61 billion, a PE ratio of 17.92 and a beta of 1.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 7.70.

TriNet Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Tuesday, October 1st. TriNet Group’s payout ratio is 19.27%.

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.