Jacobs Levy Equity Management Inc. Has $53.37 Million Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

Jacobs Levy Equity Management Inc. increased its position in shares of TriNet Group, Inc. (NYSE:TNET) by 41.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 550,404 shares of the business services provider’s stock after buying an additional 162,578 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 1.11% of TriNet Group worth $53,373,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new position in shares of TriNet Group during the second quarter worth approximately $45,000. Blue Trust Inc. increased its stake in TriNet Group by 24.9% during the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 104 shares in the last quarter. Avion Wealth raised its holdings in TriNet Group by 19.2% during the second quarter. Avion Wealth now owns 800 shares of the business services provider’s stock worth $80,000 after buying an additional 129 shares during the last quarter. KBC Group NV lifted its stake in shares of TriNet Group by 26.5% in the third quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after buying an additional 199 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of TriNet Group during the second quarter valued at about $93,000. Institutional investors own 96.81% of the company’s stock.

TriNet Group Stock Down 1.7 %

TNET opened at $92.68 on Wednesday. TriNet Group, Inc. has a fifty-two week low of $74.32 and a fifty-two week high of $134.67. The firm has a market capitalization of $4.60 billion, a P/E ratio of 17.86 and a beta of 1.21. The company’s 50-day moving average is $92.87 and its 200 day moving average is $98.30. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07.

TriNet Group Dividend Announcement

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

Analyst Upgrades and Downgrades

TNET has been the topic of a number of analyst reports. Needham & Company LLC lowered shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a report on Monday, October 28th. TD Cowen boosted their price objective on TriNet Group from $92.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $103.00 target price on shares of TriNet Group in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $117.00.

Insider Transactions at TriNet Group

In other news, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total transaction of $32,336.25. Following the sale, the director now directly owns 37,591 shares in the company, valued at $3,241,471.93. The trade was a 0.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Jeffery Jon Hayward sold 2,345 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $93.03, for a total transaction of $218,155.35. Following the transaction, the chief technology officer now owns 34,606 shares of the company’s stock, valued at approximately $3,219,396.18. The trade was a 6.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,533 shares of company stock worth $418,629 in the last 90 days. Insiders own 37.10% of the company’s stock.

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.