Cornerstone Investment Partners LLC Has $532,000 Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

Cornerstone Investment Partners LLC boosted its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,471 shares of the business services provider’s stock after acquiring an additional 138 shares during the period. Cornerstone Investment Partners LLC’s holdings in TriNet Group were worth $532,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Amundi purchased a new stake in shares of TriNet Group in the fourth quarter valued at about $33,000. Captrust Financial Advisors raised its holdings in shares of TriNet Group by 78.7% in the second quarter. Captrust Financial Advisors now owns 620 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 273 shares during the last quarter. Avion Wealth raised its holdings in shares of TriNet Group by 30.8% in the third quarter. Avion Wealth now owns 463 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 109 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of TriNet Group by 31.7% in the third quarter. Royal Bank of Canada now owns 1,017 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 245 shares during the last quarter. Finally, Ronald Blue Trust Inc. raised its holdings in shares of TriNet Group by 351.0% in the third quarter. Ronald Blue Trust Inc. now owns 690 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 537 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Stock Performance

NYSE:TNET traded down $1.64 on Friday, reaching $127.86. 38,137 shares of the company’s stock were exchanged, compared to its average volume of 223,065. The company has a debt-to-equity ratio of 12.62, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 19.95 and a beta of 1.09. TriNet Group, Inc. has a 52 week low of $79.00 and a 52 week high of $134.67. The stock has a fifty day simple moving average of $126.96 and a 200-day simple moving average of $119.06.

TriNet Group (NYSE:TNET) last issued its earnings results on Thursday, February 15th. The business services provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.46. TriNet Group had a net margin of 7.62% and a return on equity of 87.97%. The firm had revenue of $326.00 million during the quarter, compared to analyst estimates of $300.36 million. As a group, sell-side analysts predict that TriNet Group, Inc. will post 5.79 earnings per share for the current year.

TriNet Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 1st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, March 28th. TriNet Group’s dividend payout ratio (DPR) is presently 15.41%.

Insiders Place Their Bets

In other TriNet Group news, EVP Samantha Wellington sold 14,271 shares of TriNet Group stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $124.88, for a total transaction of $1,782,162.48. Following the transaction, the executive vice president now directly owns 48,562 shares of the company’s stock, valued at $6,064,422.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Burton M. Goldfield sold 2,783 shares of TriNet Group stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $116.67, for a total value of $324,692.61. Following the transaction, the chief executive officer now directly owns 125,046 shares of the company’s stock, valued at $14,589,116.82. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Samantha Wellington sold 14,271 shares of TriNet Group stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total transaction of $1,782,162.48. Following the completion of the transaction, the executive vice president now directly owns 48,562 shares in the company, valued at $6,064,422.56. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,835 shares of company stock valued at $4,161,834. 37.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on TNET shares. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 target price on shares of TriNet Group in a report on Friday, March 1st. Stifel Nicolaus raised their price objective on shares of TriNet Group from $117.00 to $121.00 and gave the stock a “buy” rating in a report on Friday, February 16th. StockNews.com upgraded shares of TriNet Group from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, TD Cowen raised their price objective on shares of TriNet Group from $129.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.17.

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.