Ramsey Quantitative Systems bought a new position in shares of TriNet Group, Inc. (NYSE:TNET) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 10,573 shares of the business services provider’s stock, valued at approximately $346,000.

A number of other hedge funds have also made changes to their positions in the stock. Wellington Management Group LLP grew its stake in TriNet Group by 9.4% during the 1st quarter. Wellington Management Group LLP now owns 4,970,312 shares of the business services provider’s stock worth $143,643,000 after buying an additional 428,077 shares during the last quarter. Vanguard Group Inc. grew its stake in TriNet Group by 8.1% during the 2nd quarter. Vanguard Group Inc. now owns 4,571,207 shares of the business services provider’s stock worth $149,661,000 after buying an additional 342,250 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in TriNet Group by 3.8% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,583,160 shares of the business services provider’s stock worth $45,753,000 after buying an additional 57,985 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in TriNet Group by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 950,762 shares of the business services provider’s stock worth $27,476,000 after buying an additional 44,115 shares during the last quarter. Finally, FMR LLC grew its stake in TriNet Group by 58.7% during the 2nd quarter. FMR LLC now owns 906,982 shares of the business services provider’s stock worth $29,695,000 after buying an additional 335,381 shares during the last quarter. Hedge funds and other institutional investors own 54.58% of the company’s stock.

TriNet Group, Inc. (NYSE TNET) traded up 0.09% during mid-day trading on Friday, reaching $33.24. The company’s stock had a trading volume of 443,856 shares. TriNet Group, Inc. has a one year low of $17.78 and a one year high of $41.58. The firm has a market cap of $2.31 billion, a PE ratio of 22.34 and a beta of 2.94. The stock’s 50 day moving average is $36.35 and its 200 day moving average is $32.18.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Monday, July 31st. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.18. The company had revenue of $201.01 million for the quarter, compared to analyst estimates of $168.27 million. TriNet Group had a return on equity of 201.15% and a net margin of 3.33%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 earnings per share. On average, analysts anticipate that TriNet Group, Inc. will post $1.49 EPS for the current year.

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Several research analysts recently weighed in on the company. Zacks Investment Research downgraded TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday. BidaskClub downgraded TriNet Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. J P Morgan Chase & Co downgraded TriNet Group from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $33.00 to $36.00 in a research note on Thursday, August 17th. Stifel Nicolaus reiterated a “buy” rating and set a $44.00 price target (up previously from $37.00) on shares of TriNet Group in a research note on Tuesday, August 1st. Finally, Morgan Stanley downgraded TriNet Group from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $27.00 to $31.00 in a research note on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $37.40.

In other TriNet Group news, SVP Brady Mickelsen sold 4,744 shares of the firm’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $35.73, for a total transaction of $169,503.12. Following the transaction, the senior vice president now owns 38,842 shares of the company’s stock, valued at $1,387,824.66. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Burton M. Goldfield sold 13,317 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $32.91, for a total value of $438,262.47. Following the transaction, the chief executive officer now directly owns 31,225 shares in the company, valued at approximately $1,027,614.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 393,487 shares of company stock worth $14,279,345. Corporate insiders own 42.40% of the company’s stock.

About TriNet Group

TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as multi-state payroll processing and tax administration, employee benefits programs, including health insurance and retirement plans, workers’ compensation insurance and claims management, employment and benefit law compliance, and other services.

Institutional Ownership by Quarter for TriNet Group (NYSE:TNET)

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