TriNet Group, Inc. (NYSE:TNET) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors lifted its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 22.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,260 shares of the business services provider’s stock after buying an additional 608 shares during the quarter. Captrust Financial Advisors’ holdings in TriNet Group were worth $316,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. FORA Capital LLC acquired a new position in TriNet Group during the third quarter worth $441,000. Blueshift Asset Management LLC acquired a new position in shares of TriNet Group during the 3rd quarter worth about $462,000. FMR LLC lifted its stake in TriNet Group by 38.5% in the 3rd quarter. FMR LLC now owns 9,017 shares of the business services provider’s stock valued at $874,000 after buying an additional 2,506 shares in the last quarter. Advantage Alpha Capital Partners LP boosted its holdings in TriNet Group by 30.6% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 73,982 shares of the business services provider’s stock worth $7,174,000 after buying an additional 17,349 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in TriNet Group by 19.0% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 13,902 shares of the business services provider’s stock worth $1,348,000 after buying an additional 2,221 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Needham & Company LLC downgraded TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a research report on Monday, October 28th. TD Cowen raised their price objective on TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a report on Tuesday, October 22nd. One equities research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $117.00.

Insider Activity at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 2,345 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $93.03, for a total transaction of $218,155.35. Following the completion of the transaction, the chief technology officer now directly owns 34,606 shares in the company, valued at approximately $3,219,396.18. This represents a 6.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $3,241,471.93. This trade represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,533 shares of company stock valued at $418,629. 37.10% of the stock is owned by company insiders.

TriNet Group Price Performance

NYSE:TNET opened at $95.42 on Friday. The stock has a 50 day moving average price of $92.54 and a 200 day moving average price of $97.69. The stock has a market cap of $4.73 billion, a PE ratio of 18.39 and a beta of 1.21. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.07 and a current ratio of 1.07. TriNet Group, Inc. has a one year low of $74.32 and a one year high of $134.67.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. TriNet Group’s payout ratio is 19.27%.

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.