Reinhart Partners Inc. lessened its position in shares of TriNet Group Inc (NYSE:TNET) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 182,680 shares of the business services provider’s stock after selling 5,675 shares during the quarter. Reinhart Partners Inc.’s holdings in TriNet Group were worth $11,361,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. raised its position in TriNet Group by 143.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,949 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 1,149 shares during the period. Capital Fund Management S.A. bought a new stake in shares of TriNet Group in the 2nd quarter worth about $203,000. Advisor Group Inc. increased its position in shares of TriNet Group by 5.2% in the 2nd quarter. Advisor Group Inc. now owns 3,158 shares of the business services provider’s stock worth $215,000 after purchasing an additional 155 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of TriNet Group in the 2nd quarter worth about $218,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of TriNet Group in the 3rd quarter worth about $226,000. Institutional investors own 86.67% of the company’s stock.
Shares of NYSE:TNET traded up $0.58 during trading on Friday, reaching $53.98. 390,702 shares of the company’s stock traded hands, compared to its average volume of 362,856. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.23 and a quick ratio of 1.23. TriNet Group Inc has a 12 month low of $38.74 and a 12 month high of $76.92. The company has a 50 day moving average of $57.97 and a 200-day moving average of $64.68. The stock has a market capitalization of $3.68 billion, a P/E ratio of 21.00 and a beta of 1.80.
TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. TriNet Group had a net margin of 5.14% and a return on equity of 44.11%. The business had revenue of $221.00 million during the quarter, compared to the consensus estimate of $226.76 million. During the same quarter in the prior year, the firm earned $0.75 EPS. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities research analysts predict that TriNet Group Inc will post 2.92 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of TriNet Group in a research report on Friday, October 25th. Zacks Investment Research downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. Berenberg Bank assumed coverage on shares of TriNet Group in a research report on Friday, September 13th. They set a “buy” rating and a $80.00 price objective for the company. ValuEngine downgraded shares of TriNet Group from a “sell” rating to a “strong sell” rating in a research report on Monday, November 4th. Finally, Credit Suisse Group set a $52.00 price objective on shares of TriNet Group and gave the company a “hold” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $64.16.
In other TriNet Group news, Director Paul Edward Chamberlain sold 700 shares of the business’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $58.26, for a total transaction of $40,782.00. Following the completion of the transaction, the director now directly owns 28,143 shares of the company’s stock, valued at approximately $1,639,611.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director L.P. Agi-T bought 183,345 shares of TriNet Group stock in a transaction on Thursday, October 31st. The shares were purchased at an average cost of $53.00 per share, with a total value of $9,717,285.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 507,545 shares of company stock valued at $26,419,781 and have sold 77,416 shares valued at $4,795,830. 37.00% of the stock is owned by corporate insiders.
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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