TriNet Group, Inc. (NYSE:TNET) Shares Purchased by IFG Advisory LLC

IFG Advisory LLC grew its holdings in TriNet Group, Inc. (NYSE:TNET) by 37.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 44,699 shares of the business services provider’s stock after buying an additional 12,079 shares during the quarter. IFG Advisory LLC’s holdings in TriNet Group were worth $5,316,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TNET. Norges Bank acquired a new position in shares of TriNet Group in the fourth quarter worth $34,685,000. Wellington Management Group LLP grew its stake in shares of TriNet Group by 11.4% during the first quarter. Wellington Management Group LLP now owns 4,190,526 shares of the business services provider’s stock worth $412,181,000 after purchasing an additional 430,430 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of TriNet Group by 991.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 440,910 shares of the business services provider’s stock worth $41,873,000 after purchasing an additional 400,511 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of TriNet Group by 84.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 807,212 shares of the business services provider’s stock worth $94,024,000 after purchasing an additional 369,144 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of TriNet Group by 73.3% during the second quarter. Goldman Sachs Group Inc. now owns 249,642 shares of the business services provider’s stock worth $23,709,000 after purchasing an additional 105,591 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Price Performance

Shares of NYSE:TNET opened at $131.97 on Thursday. The company has a 50-day simple moving average of $122.21 and a 200-day simple moving average of $117.47. TriNet Group, Inc. has a one year low of $75.87 and a one year high of $133.48. The company has a debt-to-equity ratio of 12.62, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 20.33 and a beta of 1.09.

TriNet Group (NYSE:TNET) last announced its earnings results on Thursday, February 15th. The business services provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.46. TriNet Group had a net margin of 7.62% and a return on equity of 87.97%. The business had revenue of $326.00 million during the quarter, compared to analysts’ expectations of $300.36 million. On average, analysts predict that TriNet Group, Inc. will post 5.79 EPS for the current year.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 1st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.00 annualized dividend and a yield of 0.76%.

Insider Buying and Selling

In related news, EVP Samantha Wellington sold 14,271 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $124.88, for a total transaction of $1,782,162.48. Following the completion of the transaction, the executive vice president now directly owns 48,562 shares of the company’s stock, valued at $6,064,422.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other TriNet Group news, EVP Samantha Wellington sold 14,271 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $124.88, for a total transaction of $1,782,162.48. Following the transaction, the executive vice president now directly owns 48,562 shares in the company, valued at $6,064,422.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Alexander G. Warren sold 5,597 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $115.80, for a total transaction of $648,132.60. Following the transaction, the senior vice president now owns 21,864 shares in the company, valued at $2,531,851.20. The disclosure for this sale can be found here. Insiders sold 39,432 shares of company stock valued at $4,809,967 over the last ninety days. Corporate insiders own 37.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on TNET shares. TD Cowen boosted their target price on shares of TriNet Group from $129.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Stifel Nicolaus boosted their price target on shares of TriNet Group from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Friday, February 16th. StockNews.com raised shares of TriNet Group from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of TriNet Group in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, TriNet Group has an average rating of “Moderate Buy” and an average target price of $119.17.

About TriNet Group

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.