Ameritas Investment Partners Inc. Has $423,000 Position in TriNet Group, Inc. (NYSE:TNET)

Ameritas Investment Partners Inc. lowered its holdings in TriNet Group, Inc. (NYSE:TNET) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,195 shares of the business services provider’s stock after selling 121 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in TriNet Group were worth $423,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of TriNet Group by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,838,347 shares of the business services provider’s stock worth $376,053,000 after acquiring an additional 52,240 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in TriNet Group by 11.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 897,009 shares of the business services provider’s stock valued at $106,681,000 after purchasing an additional 89,797 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in TriNet Group by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 812,990 shares of the business services provider’s stock valued at $96,690,000 after purchasing an additional 37,851 shares during the last quarter. Norges Bank bought a new stake in TriNet Group in the fourth quarter valued at about $19,650,000. Finally, Wedge Capital Management L L P NC increased its holdings in TriNet Group by 253.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 144,083 shares of the business services provider’s stock valued at $17,136,000 after purchasing an additional 103,330 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TNET. Needham & Company LLC dropped their price objective on TriNet Group from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, April 26th. StockNews.com downgraded TriNet Group from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Finally, TD Cowen lowered their price target on TriNet Group from $132.00 to $118.00 and set a “buy” rating for the company in a report on Monday, June 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $113.83.

Insider Transactions at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $101.02, for a total transaction of $37,882.50. Following the transaction, the director now owns 36,341 shares in the company, valued at approximately $3,671,167.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other TriNet Group news, SVP Alexander G. Warren sold 1,867 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $103.74, for a total value of $193,682.58. Following the sale, the senior vice president now owns 32,661 shares of the company’s stock, valued at approximately $3,388,252.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $101.02, for a total value of $37,882.50. Following the completion of the sale, the director now directly owns 36,341 shares in the company, valued at approximately $3,671,167.82. The disclosure for this sale can be found here. 37.10% of the stock is owned by corporate insiders.

TriNet Group Stock Up 0.1 %

Shares of TNET stock traded up $0.14 on Wednesday, hitting $108.19. 105,689 shares of the stock were exchanged, compared to its average volume of 279,082. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 6.88. The firm has a market capitalization of $5.47 billion, a P/E ratio of 17.71 and a beta of 1.19. The business has a 50-day moving average of $103.70 and a 200 day moving average of $114.70. TriNet Group, Inc. has a fifty-two week low of $95.24 and a fifty-two week high of $134.67.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Friday, April 26th. The business services provider reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.36). TriNet Group had a return on equity of 124.38% and a net margin of 6.78%. The firm had revenue of $357.00 million for the quarter, compared to analyst estimates of $380.41 million. Equities analysts anticipate that TriNet Group, Inc. will post 4.82 EPS for the current year.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 1st were paid a dividend of $0.25 per share. The ex-dividend date was Monday, July 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. TriNet Group’s dividend payout ratio (DPR) is currently 16.39%.

About TriNet Group

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.