ProShare Advisors LLC Has $817,000 Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

ProShare Advisors LLC increased its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 49.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,001 shares of the business services provider’s stock after purchasing an additional 2,961 shares during the quarter. ProShare Advisors LLC’s holdings in TriNet Group were worth $817,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in TriNet Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,992,008 shares of the business services provider’s stock worth $271,585,000 after purchasing an additional 36,216 shares in the last quarter. Bank of New York Mellon Corp increased its position in TriNet Group by 82.7% during the 4th quarter. Bank of New York Mellon Corp now owns 222,458 shares of the business services provider’s stock worth $20,193,000 after purchasing an additional 100,728 shares in the last quarter. IFP Advisors Inc increased its position in TriNet Group by 45.5% during the 4th quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock worth $71,000 after purchasing an additional 240 shares in the last quarter. Barclays PLC increased its position in TriNet Group by 201.0% in the 3rd quarter. Barclays PLC now owns 94,649 shares of the business services provider’s stock valued at $9,179,000 after acquiring an additional 63,201 shares during the period. Finally, Hunter Perkins Capital Management LLC increased its position in TriNet Group by 246.6% in the 4th quarter. Hunter Perkins Capital Management LLC now owns 10,190 shares of the business services provider’s stock valued at $925,000 after acquiring an additional 7,250 shares during the period. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Trading Down 0.7%

Shares of NYSE TNET opened at $81.24 on Friday. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. TriNet Group, Inc. has a 52-week low of $65.43 and a 52-week high of $116.26. The firm has a 50 day moving average price of $79.30 and a two-hundred day moving average price of $84.77. The stock has a market cap of $3.93 billion, a P/E ratio of 23.76 and a beta of 0.91.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Friday, April 25th. The business services provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.32. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $319.36 million. During the same period in the prior year, the company posted $2.18 earnings per share. As a group, equities analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This is a boost from TriNet Group’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a dividend yield of 1.35%. TriNet Group’s dividend payout ratio is 32.84%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of TriNet Group from $75.00 to $76.00 and gave the company an “underweight” rating in a research report on Monday, April 28th. TD Cowen cut shares of TriNet Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $104.00 to $74.00 in a research report on Tuesday, February 18th. Finally, Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a research report on Thursday, March 13th.

Insider Transactions at TriNet Group

In other news, SVP Sidney A. Majalya sold 500 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $83.14, for a total transaction of $41,570.00. Following the completion of the sale, the senior vice president now directly owns 23,033 shares in the company, valued at $1,914,963.62. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $94,607.04. Following the sale, the chief technology officer now owns 19,867 shares of the company’s stock, valued at approximately $1,377,975.12. This trade represents a 6.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,647 shares of company stock worth $193,623 over the last three months. 38.10% of the stock is owned by company insiders.

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.