Tilia Fiduciary Partners Inc. Purchases 548 Shares of TriNet Group, Inc. (NYSE:TNET)

Tilia Fiduciary Partners Inc. lifted its position in TriNet Group, Inc. (NYSE:TNET) by 2.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 20,768 shares of the business services provider’s stock after acquiring an additional 548 shares during the period. Tilia Fiduciary Partners Inc.’s holdings in TriNet Group were worth $1,885,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TNET. TD Private Client Wealth LLC grew its holdings in shares of TriNet Group by 25.5% in the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock worth $58,000 after purchasing an additional 121 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of TriNet Group in the second quarter valued at approximately $93,000. KBC Group NV grew its stake in 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. Aristides Capital LLC purchased a new position in TriNet Group during the 2nd quarter worth $258,000. Finally, Quadrature Capital Ltd bought a new stake in TriNet Group during the 3rd quarter valued at $275,000. 96.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TriNet Group

In related news, Director Paul Edward Chamberlain sold 375 shares of the business’s 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 completion of the transaction, the director now directly owns 37,591 shares in the company, valued at $3,241,471.93. The trade was a 0.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Jeffery Jon Hayward sold 2,345 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $93.03, for a total transaction of $218,155.35. Following the sale, the chief technology officer now owns 34,606 shares in the company, valued at approximately $3,219,396.18. This represents a 6.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,533 shares of company stock valued at $418,629 in the last ninety days. Company insiders own 37.10% of the company’s stock.

TriNet Group Stock Performance

Shares of TriNet Group stock traded down $0.27 during midday trading on Friday, hitting $89.92. The company had a trading volume of 311,942 shares, compared to its average volume of 253,046. The company has a fifty day simple moving average of $91.74 and a 200 day simple moving average of $95.91. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 17.33 and a beta of 1.21. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 7.70. TriNet Group, Inc. has a 12-month low of $74.32 and a 12-month high of $134.67.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Thursday, January 2nd. TriNet Group’s dividend payout ratio (DPR) is presently 19.27%.

Wall Street Analyst Weigh In

TNET has been the topic of a number of research reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a research report on Tuesday, October 22nd. TD Cowen raised their price objective on TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Needham & Company LLC cut shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.