Barclays PLC Increases Stock Position in TriNet Group, Inc. (NYSE:TNET)

Barclays PLC boosted its holdings in TriNet Group, Inc. (NYSE:TNET) by 201.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,649 shares of the business services provider’s stock after buying an additional 63,201 shares during the period. Barclays PLC owned approximately 0.19% of TriNet Group worth $9,179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Blue Trust Inc. grew its position in shares of TriNet Group by 24.9% in the second 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 grew its holdings in TriNet Group by 19.2% during the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock valued at $80,000 after buying an additional 129 shares in the last quarter. SummerHaven Investment Management LLC increased its position in shares of TriNet Group by 1.8% during the second quarter. SummerHaven Investment Management LLC now owns 8,222 shares of the business services provider’s stock valued at $822,000 after buying an additional 142 shares during the period. Arizona State Retirement System lifted its holdings in shares of TriNet Group by 2.0% in the second quarter. Arizona State Retirement System now owns 9,203 shares of the business services provider’s stock worth $920,000 after buying an additional 180 shares in the last quarter. Finally, KBC Group NV boosted its position 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 acquiring an additional 199 shares during the period. Institutional investors own 96.81% of the company’s stock.

Insider Activity

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction 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 $3,241,471.93. This represents a 0.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Jeffery Jon Hayward sold 2,345 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $93.03, for a total transaction of $218,155.35. Following the sale, the chief technology officer now owns 34,606 shares of the company’s stock, valued at approximately $3,219,396.18. This represents a 6.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,533 shares of company stock valued at $418,629. Corporate insiders own 37.10% of the company’s stock.

TriNet Group Stock Down 0.7 %

TNET opened at $90.91 on Wednesday. The business’s fifty day simple moving average is $92.32 and its 200 day simple moving average is $97.46. TriNet Group, Inc. has a 52 week low of $74.32 and a 52 week high of $134.67. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 7.70. The stock has a market cap of $4.51 billion, a PE ratio of 17.52 and a beta of 1.21.

TriNet Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.10%. TriNet Group’s payout ratio is 19.27%.

Wall Street Analysts Forecast Growth

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

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.