Janus Henderson Group PLC Has $90.16 Million Stake in TriNet Group, Inc. (NYSE:TNET)

Janus Henderson Group PLC reduced its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 15.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 680,510 shares of the business services provider’s stock after selling 124,881 shares during the quarter. Janus Henderson Group PLC owned about 1.35% of TriNet Group worth $90,162,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Principal Securities Inc. bought a new stake in TriNet Group in the fourth quarter valued at approximately $26,000. Avion Wealth raised its stake in TriNet Group by 22.9% during the 4th quarter. Avion Wealth now owns 569 shares of the business services provider’s stock worth $68,000 after buying an additional 106 shares during the period. LRI Investments LLC bought a new position in TriNet Group during the first quarter worth about $81,000. Blue Trust Inc. grew its stake in TriNet Group by 15.7% in the fourth quarter. Blue Trust Inc. now owns 798 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 108 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of TriNet Group by 12.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 880 shares of the business services provider’s stock worth $105,000 after purchasing an additional 100 shares during the period. 96.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on TNET shares. Needham & Company LLC restated a “buy” rating and set a $140.00 target price on shares of TriNet Group in a report on Monday. StockNews.com cut TriNet Group from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Finally, TD Cowen cut their price target on TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a report on Monday, June 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $119.20.

Insider Buying and Selling at TriNet Group

In related news, insider Samantha Wellington 7,064 shares of the business’s stock in a transaction on Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other TriNet Group news, insider Samantha Wellington 7,064 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Alexander G. Warren sold 1,867 shares of the business’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 in the company, valued at approximately $3,388,252.14. The disclosure for this sale can be found here. Company insiders own 37.10% of the company’s stock.

TriNet Group Stock Performance

TriNet Group stock traded up $1.67 during midday trading on Wednesday, hitting $108.11. The company’s stock had a trading volume of 100,006 shares, compared to its average volume of 283,950. TriNet Group, Inc. has a 1-year low of $96.76 and a 1-year high of $134.67. The company has a 50-day moving average price of $104.12 and a two-hundred day moving average price of $114.36. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 17.45 and a beta of 1.19. The company has a debt-to-equity ratio of 6.88, a current ratio of 1.06 and a quick ratio of 1.06.

TriNet Group Dividend Announcement

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

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.