Barclays PLC Buys 63,201 Shares of TriNet Group, Inc. (NYSE:TNET)

Barclays PLC boosted its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 201.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,649 shares of the business services provider’s stock after purchasing an additional 63,201 shares during the period. Barclays PLC’s holdings in TriNet Group were worth $9,179,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in TriNet Group by 24.9% during the second quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 104 shares during the period. Avion Wealth increased its holdings in TriNet Group by 19.2% in the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock worth $80,000 after acquiring an additional 129 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in TriNet Group by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 8,222 shares of the business services provider’s stock worth $822,000 after acquiring an additional 142 shares during the period. Arizona State Retirement System lifted its holdings in TriNet Group by 2.0% during the second quarter. Arizona State Retirement System now owns 9,203 shares of the business services provider’s stock valued at $920,000 after purchasing an additional 180 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of TriNet Group by 26.5% in the third quarter. KBC Group NV now owns 950 shares of the business services provider’s stock worth $92,000 after purchasing an additional 199 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

TriNet Group Trading Down 0.7 %

Shares of TriNet Group stock opened at $90.91 on Wednesday. TriNet Group, Inc. has a twelve month low of $74.32 and a twelve month high of $134.67. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 7.70. The business has a 50-day moving average price of $92.32 and a 200-day moving average price of $97.46. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of 17.52 and a beta of 1.21.

TriNet Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, January 2nd. TriNet Group’s payout ratio is 19.27%.

Insider Transactions at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 2,345 shares of the business’s stock in a transaction that occurred 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 sale, the chief technology officer now directly owns 34,606 shares of the company’s stock, valued at $3,219,396.18. The trade was a 6.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total value of $32,336.25. Following the sale, the director now owns 37,591 shares in the company, valued at $3,241,471.93. The trade was a 0.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,533 shares of company stock valued at $418,629 in the last ninety days. Corporate insiders own 37.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. 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 note on Monday, October 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $103.00 price objective on shares of TriNet Group in a research note on Tuesday, October 22nd. Finally, TD Cowen boosted their price target on TriNet Group from $92.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, TriNet Group has a consensus rating of “Hold” and an average price target of $117.00.

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.