Dimensional Fund Advisors LP grew its stake in shares of TriNet Group Inc (NYSE:TNET) by 9.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,119,615 shares of the business services provider’s stock after acquiring an additional 92,991 shares during the period. Dimensional Fund Advisors LP’s holdings in TriNet Group were worth $37,644,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in shares of TriNet Group by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 5,417 shares of the business services provider’s stock valued at $177,000 after acquiring an additional 813 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of TriNet Group by 596.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,705 shares of the business services provider’s stock valued at $187,000 after purchasing an additional 4,886 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of TriNet Group in the 2nd quarter valued at $194,000. Sei Investments Co. lifted its stake in shares of TriNet Group by 112.0% in the 3rd quarter. Sei Investments Co. now owns 7,913 shares of the business services provider’s stock valued at $266,000 after purchasing an additional 4,181 shares during the last quarter. Finally, ARP Americas LLC acquired a new stake in shares of TriNet Group in the 3rd quarter valued at $286,000. Institutional investors and hedge funds own 56.52% of the company’s stock.
Several equities research analysts recently issued reports on TNET shares. Zacks Investment Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 21st. BidaskClub raised shares of TriNet Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. Finally, Morgan Stanley lifted their price objective on shares of TriNet Group from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. TriNet Group has an average rating of “Hold” and an average target price of $38.00.
TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.30. TriNet Group had a net margin of 4.15% and a return on equity of 156.96%. The business had revenue of $205.90 million during the quarter, compared to analyst estimates of $174.89 million. During the same quarter in the previous year, the business earned $0.29 EPS. TriNet Group’s quarterly revenue was up 27.9% compared to the same quarter last year. research analysts forecast that TriNet Group Inc will post 1.77 earnings per share for the current year.
In other TriNet Group news, Director Martin Babinec sold 36,500 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $41.17, for a total transaction of $1,502,705.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Brady Mickelsen sold 4,744 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $42.73, for a total transaction of $202,711.12. Following the transaction, the senior vice president now directly owns 29,392 shares of the company’s stock, valued at approximately $1,255,920.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 178,663 shares of company stock valued at $7,514,092. 41.80% of the stock is owned by company insiders.
TriNet Group Profile
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.
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