Quantbot Technologies LP Has $3.47 Million Holdings in TriNet Group, Inc. (NYSE:TNET)

Quantbot Technologies LP decreased its stake in TriNet Group, Inc. (NYSE:TNET) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,759 shares of the business services provider’s stock after selling 1,619 shares during the quarter. Quantbot Technologies LP owned approximately 0.07% of TriNet Group worth $3,468,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Advantage Alpha Capital Partners LP boosted its stake in shares of TriNet Group by 30.6% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 73,982 shares of the business services provider’s stock valued at $7,174,000 after purchasing an additional 17,349 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its position in TriNet Group by 19.0% in the third quarter. Dynamic Technology Lab Private Ltd now owns 13,902 shares of the business services provider’s stock valued at $1,348,000 after buying an additional 2,221 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in TriNet Group by 32.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider’s stock worth $156,018,000 after buying an additional 391,720 shares during the last quarter. Intech Investment Management LLC acquired a new stake in TriNet Group during the 3rd quarter valued at $817,000. Finally, Quest Partners LLC grew its holdings in shares of TriNet Group by 443.2% during the third quarter. Quest Partners LLC now owns 8,083 shares of the business services provider’s stock worth $784,000 after purchasing an additional 6,595 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CTO Jeffery Jon Hayward sold 1,813 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $92.74, for a total transaction of $168,137.62. Following the completion of the transaction, the chief technology officer now directly owns 36,951 shares of the company’s stock, valued at $3,426,835.74. This represents a 4.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Edward Chamberlain sold 375 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total value of $32,336.25. Following the transaction, the director now directly owns 37,591 shares of the company’s stock, valued at approximately $3,241,471.93. This trade represents a 0.99 % decrease in their position. The disclosure for this sale can be found here. 37.10% of the stock is owned by insiders.

Analyst Ratings Changes

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

TriNet Group Price Performance

TNET opened at $92.90 on Thursday. The company has a fifty day moving average price of $93.15 and a two-hundred day moving average price of $98.59. The firm has a market capitalization of $4.61 billion, a PE ratio of 17.90 and a beta of 1.20. TriNet Group, Inc. has a 52 week low of $74.32 and a 52 week high of $134.67. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.07 and a current ratio of 1.07.

TriNet Group Announces Dividend

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

TriNet Group 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.