Tilia Fiduciary Partners Inc. Buys 548 Shares of TriNet Group, Inc. (NYSE:TNET)

Tilia Fiduciary Partners Inc. boosted its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 2.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,768 shares of the business services provider’s stock after buying an additional 548 shares during the quarter. Tilia Fiduciary Partners Inc.’s holdings in TriNet Group were worth $1,885,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its stake in shares of TriNet Group by 32.2% in the 3rd 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 acquiring an additional 391,720 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of TriNet Group during the second quarter valued at approximately $20,610,000. Wellington Management Group LLP boosted its position in shares of TriNet Group by 16.2% during the third quarter. Wellington Management Group LLP now owns 1,321,737 shares of the business services provider’s stock valued at $128,169,000 after buying an additional 184,186 shares during the last quarter. Simcoe Capital Management LLC bought a new stake in TriNet Group in the 3rd quarter worth about $16,966,000. Finally, Jacobs Levy Equity Management Inc. raised its position in TriNet Group by 41.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 550,404 shares of the business services provider’s stock worth $53,373,000 after buying an additional 162,578 shares during the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CTO Jeffery Jon Hayward sold 1,813 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $92.74, for a total transaction of $168,137.62. Following the sale, the chief technology officer now owns 36,951 shares of the company’s stock, valued at $3,426,835.74. This represents a 4.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the director now owns 37,591 shares of the company’s stock, valued at $3,241,471.93. This trade represents a 0.99 % 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 three months. Company insiders own 37.10% of the company’s stock.

TriNet Group Stock Performance

Shares of TNET stock traded down $0.27 during trading hours on Friday, reaching $89.92. 311,942 shares of the company traded hands, compared to its average volume of 253,046. The firm has a 50-day moving average price of $91.74 and a 200 day moving average price of $95.91. The company has a market cap of $4.46 billion, a P/E ratio of 17.33 and a beta of 1.21. 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, Inc. has a 12-month low of $74.32 and a 12-month high of $134.67.

TriNet Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be paid 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 dividend yield of 1.11%. TriNet Group’s dividend payout ratio (DPR) is presently 19.27%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Needham & Company LLC downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a research report on Monday, October 28th. TD Cowen boosted their price target on TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $103.00 price objective on shares of TriNet Group in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TriNet Group presently has a consensus rating of “Hold” and an average price target of $117.00.

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.