Heron Bay Capital Management Invests $4.27 Million in TriNet Group, Inc. (NYSE:TNET)

Heron Bay Capital Management purchased a new stake in shares of TriNet Group, Inc. (NYSE:TNET) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 47,049 shares of the business services provider’s stock, valued at approximately $4,271,000. Heron Bay Capital Management owned approximately 0.09% of TriNet Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TNET. TD Private Client Wealth LLC boosted its stake in TriNet Group by 25.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 121 shares during the last quarter. IFP Advisors Inc boosted its holdings in TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock worth $71,000 after purchasing an additional 240 shares during the last quarter. KBC Group NV grew its position in TriNet Group by 26.5% in the 3rd quarter. KBC Group NV now owns 950 shares of the business services provider’s stock worth $92,000 after purchasing an additional 199 shares during the period. Avion Wealth raised its stake in TriNet Group by 14.9% during the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock valued at $98,000 after buying an additional 140 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of TriNet Group by 118.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider’s stock worth $131,000 after acquiring an additional 785 shares during the period. 96.81% of the stock is owned by hedge funds and other institutional investors.

TriNet Group Stock Performance

Shares of TriNet Group stock opened at $76.67 on Friday. TriNet Group, Inc. has a one year low of $65.43 and a one year high of $134.67. The company has a 50-day simple moving average of $82.68 and a two-hundred day simple moving average of $89.41. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $3.80 billion, a PE ratio of 22.42 and a beta of 1.26.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The business had revenue of $252.00 million during the quarter, compared to the consensus estimate of $225.72 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. Research analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be paid a $0.275 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.43%. This is a positive change from TriNet Group’s previous quarterly dividend of $0.25. TriNet Group’s dividend payout ratio is presently 32.16%.

Analyst Ratings Changes

TNET has been the subject of a number of recent research reports. Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a research note on Thursday, March 13th. TD Cowen lowered shares of TriNet Group from a “buy” rating to a “hold” rating and cut their target price for the company from $104.00 to $74.00 in a research report on Tuesday, February 18th.

Insider Activity at TriNet Group

In related news, Director Paul Edward Chamberlain sold 600 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the sale, the director now owns 36,991 shares of the company’s stock, valued at approximately $2,565,695.76. This represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Jeffery Jon Hayward sold 7,784 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $89.57, for a total transaction of $697,212.88. Following the completion of the transaction, the chief technology officer now owns 21,769 shares in the company, valued at $1,949,849.33. The trade was a 26.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,748 shares of company stock worth $833,436. 37.10% of the stock is owned by corporate insiders.

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.