Orion Portfolio Solutions LLC Grows Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

Orion Portfolio Solutions LLC lifted its holdings in TriNet Group, Inc. (NYSE:TNET) by 26.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,706 shares of the business services provider’s stock after acquiring an additional 773 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in TriNet Group were worth $336,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TNET. Norges Bank acquired a new stake in TriNet Group during the 4th quarter worth about $13,660,000. Cannon Global Investment Management LLC grew its holdings in TriNet Group by 80.0% during the fourth quarter. Cannon Global Investment Management LLC now owns 6,300 shares of the business services provider’s stock worth $572,000 after acquiring an additional 2,800 shares during the period. Vanguard Group Inc. grew its holdings in TriNet Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,992,008 shares of the business services provider’s stock worth $271,585,000 after acquiring an additional 36,216 shares during the period. LPL Financial LLC lifted its holdings in TriNet Group by 6.5% in the fourth quarter. LPL Financial LLC now owns 9,786 shares of the business services provider’s stock valued at $888,000 after acquiring an additional 597 shares during the period. Finally, Heron Bay Capital Management acquired a new position in TriNet Group in the fourth quarter valued at approximately $4,271,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TNET shares. Needham & Company LLC reaffirmed a “hold” rating on shares of TriNet Group in a report on Thursday, March 13th. TD Cowen cut shares of TriNet Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $104.00 to $74.00 in a report on Tuesday, February 18th.

Insiders Place Their Bets

In other news, CTO Jeffery Jon Hayward sold 7,784 shares of the company’s stock in a transaction on 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 sale, the chief technology officer now owns 21,769 shares of the company’s stock, valued at $1,949,849.33. This represents a 26.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $41,616.00. Following the completion of the sale, the director now owns 36,991 shares of the company’s stock, valued at $2,565,695.76. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,748 shares of company stock worth $833,436. Corporate insiders own 37.10% of the company’s stock.

TriNet Group Stock Down 1.5 %

TriNet Group stock opened at $72.58 on Wednesday. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $3.59 billion, a PE ratio of 21.22 and a beta of 1.06. The business has a 50 day simple moving average of $78.56 and a 200-day simple moving average of $87.66. TriNet Group, Inc. has a 12 month low of $65.43 and a 12 month high of $131.27.

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

TriNet Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.52%. This is a boost from TriNet Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, April 1st. TriNet Group’s payout ratio is presently 32.16%.

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.