TriNet Group Inc (TNET) Shares Bought by Chicago Equity Partners LLC

Chicago Equity Partners LLC lifted its stake in shares of TriNet Group Inc (NYSE:TNET) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 258,365 shares of the business services provider’s stock after buying an additional 7,270 shares during the quarter. Chicago Equity Partners LLC’s holdings in TriNet Group were worth $14,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zacks Investment Management purchased a new position in shares of TriNet Group during the second quarter valued at about $4,693,000. Swiss National Bank increased its position in shares of TriNet Group by 10.0% during the second quarter. Swiss National Bank now owns 79,300 shares of the business services provider’s stock valued at $4,436,000 after buying an additional 7,200 shares during the period. Alps Advisors Inc. increased its position in shares of TriNet Group by 29.3% during the second quarter. Alps Advisors Inc. now owns 13,296 shares of the business services provider’s stock valued at $590,000 after buying an additional 3,014 shares during the period. Xact Kapitalforvaltning AB increased its position in shares of TriNet Group by 31.9% during the second quarter. Xact Kapitalforvaltning AB now owns 7,037 shares of the business services provider’s stock valued at $394,000 after buying an additional 1,700 shares during the period. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of TriNet Group during the second quarter valued at about $132,000. Institutional investors own 85.59% of the company’s stock.

In related news, Director Martin Babinec sold 30,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $54.93, for a total transaction of $1,647,900.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Burton M. Goldfield sold 17,563 shares of the business’s stock in a transaction dated Thursday, October 18th. The stock was sold at an average price of $49.53, for a total transaction of $869,895.39. Following the sale, the chief executive officer now directly owns 210,257 shares in the company, valued at approximately $10,414,029.21. The disclosure for this sale can be found here. Insiders have sold 175,605 shares of company stock worth $9,691,464 in the last three months. 38.90% of the stock is currently owned by insiders.

NYSE:TNET opened at $47.32 on Friday. TriNet Group Inc has a one year low of $38.26 and a one year high of $60.15. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.18 and a current ratio of 1.20. The stock has a market cap of $3.33 billion, a P/E ratio of 27.51 and a beta of 2.40.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Monday, October 29th. The business services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.55 by $0.20. TriNet Group had a net margin of 6.67% and a return on equity of 63.58%. The business had revenue of $228.00 million for the quarter, compared to analyst estimates of $202.65 million. During the same quarter in the previous year, the firm posted $0.56 earnings per share. TriNet Group’s quarterly revenue was up 11.2% on a year-over-year basis. Research analysts anticipate that TriNet Group Inc will post 2.54 EPS for the current fiscal year.

Several equities analysts recently issued reports on TNET shares. ValuEngine cut shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Thursday. Credit Suisse Group started coverage on shares of TriNet Group in a research report on Friday, August 10th. They set a “neutral” rating and a $65.00 price target on the stock. Stifel Nicolaus boosted their price target on shares of TriNet Group from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Morgan Stanley boosted their price target on shares of TriNet Group from $51.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, July 31st. Finally, Zacks Investment Research upgraded shares of TriNet Group from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Saturday, August 4th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. TriNet Group has an average rating of “Buy” and an average target price of $59.00.

TriNet Group Profile

TriNet Group, Inc provides human resources solutions for small and midsize businesses in the United States and Canada. 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 benefit law compliance; and other services.

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

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