Blueshift Asset Management LLC Invests $462,000 in TriNet Group, Inc. (NYSE:TNET)

Blueshift Asset Management LLC bought a new position in TriNet Group, Inc. (NYSE:TNET) during the third quarter, Holdings Channel reports. The firm bought 4,765 shares of the business services provider’s stock, valued at approximately $462,000.

Several other large investors have also added to or reduced their stakes in the business. Rothschild Investment LLC purchased a new stake in shares of TriNet Group in the second quarter worth approximately $45,000. Blue Trust Inc. raised its position in TriNet Group by 24.9% in the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock valued at $52,000 after buying an additional 104 shares during the last quarter. Avion Wealth lifted its stake 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 acquiring an additional 129 shares in the last quarter. LRI Investments LLC purchased a new position in TriNet Group during the 1st quarter worth $81,000. Finally, KBC Group NV boosted its holdings in TriNet Group by 26.5% during the 3rd quarter. KBC Group NV now owns 950 shares of the business services provider’s stock worth $92,000 after acquiring an additional 199 shares during the last quarter. Institutional investors own 96.81% of the company’s stock.

TriNet Group Price Performance

TNET opened at $92.90 on Thursday. The firm has a market cap of $4.61 billion, a P/E ratio of 17.90 and a beta of 1.20. 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 fifty-two week low of $74.32 and a fifty-two week high of $134.67. The firm has a 50-day moving average of $93.15 and a 200 day moving average of $98.59.

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.08%. TriNet Group’s payout ratio is currently 19.27%.

Insider Buying and Selling

In related news, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total value of $32,336.25. Following the completion of the sale, the director now owns 37,591 shares of the company’s stock, valued at approximately $3,241,471.93. This trade represents a 0.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,813 shares of the company’s stock in a transaction dated 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 directly owns 36,951 shares in the company, valued at approximately $3,426,835.74. This trade represents a 4.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TNET has been the topic of a number of recent analyst reports. TD Cowen raised their price target on shares of TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. 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 report on Monday, October 28th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $103.00 target price on shares of TriNet Group in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.