Dynamic Technology Lab Private Ltd Acquires 2,221 Shares of TriNet Group, Inc. (NYSE:TNET)

Dynamic Technology Lab Private Ltd boosted its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 19.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,902 shares of the business services provider’s stock after purchasing an additional 2,221 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in TriNet Group were worth $1,348,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TNET. CANADA LIFE ASSURANCE Co boosted its holdings in shares of TriNet Group by 2.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 28,226 shares of the business services provider’s stock worth $3,746,000 after buying an additional 778 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of TriNet Group by 960.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 236,003 shares of the business services provider’s stock valued at $31,269,000 after purchasing an additional 213,752 shares during the last quarter. LRI Investments LLC bought a new position in shares of TriNet Group during the first quarter worth approximately $81,000. Boston Partners lifted its holdings in TriNet Group by 20.8% during the 1st quarter. Boston Partners now owns 108,157 shares of the business services provider’s stock worth $14,319,000 after purchasing an additional 18,586 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in TriNet Group by 276.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,439 shares of the business services provider’s stock valued at $944,000 after purchasing an additional 6,933 shares during the period. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TNET has been the topic of a number of analyst reports. TD Cowen increased their target price on shares of TriNet Group from $92.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Needham & Company LLC lowered shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $103.00 price target on shares of TriNet Group in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, TriNet Group has an average rating of “Hold” and a consensus price target of $117.00.

Insider Activity at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 1,813 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $92.74, for a total transaction of $168,137.62. Following the sale, the chief technology officer now owns 36,951 shares in the company, valued at $3,426,835.74. The trade was a 4.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kelly L. Tuminelli sold 4,683 shares of TriNet Group stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $102.96, for a total value of $482,161.68. Following the sale, the chief financial officer now directly owns 82,409 shares in the company, valued at $8,484,830.64. The trade was a 5.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,871 shares of company stock valued at $682,636. 37.10% of the stock is owned by insiders.

TriNet Group Stock Performance

NYSE:TNET opened at $92.86 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 stock’s 50-day simple moving average is $93.25 and its 200 day simple moving average is $98.63. The firm has a market capitalization of $4.60 billion, a PE ratio of 17.89 and a beta of 1.20.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.08%. TriNet Group’s payout ratio is currently 19.27%.

TriNet Group Company 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.