Jacobs Levy Equity Management Inc. Has $49.76 Million Position in TriNet Group, Inc. (NYSE:TNET)

Jacobs Levy Equity Management Inc. raised its holdings in TriNet Group, Inc. (NYSE:TNET) by 2.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 375,593 shares of the business services provider’s stock after acquiring an additional 8,204 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.74% of TriNet Group worth $49,762,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TNET. Price T Rowe Associates Inc. MD grew its holdings in TriNet Group by 960.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 236,003 shares of the business services provider’s stock valued at $31,269,000 after purchasing an additional 213,752 shares during the last quarter. Norges Bank acquired a new position in TriNet Group in the 4th quarter valued at $19,650,000. Earnest Partners LLC lifted its position in TriNet Group by 19.8% during the 1st quarter. Earnest Partners LLC now owns 898,335 shares of the business services provider’s stock worth $119,020,000 after acquiring an additional 148,779 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in TriNet Group by 253.6% during 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 acquiring an additional 103,330 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of 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. 96.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

TNET has been the subject of several research reports. TD Cowen reduced their price objective on TriNet Group from $132.00 to $118.00 and set a “buy” rating for the company in a research report on Monday, June 24th. Needham & Company LLC reissued a “buy” rating and issued a $140.00 price target on shares of TriNet Group in a report on Monday. Finally, StockNews.com downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $119.20.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, insider Samantha Wellington 7,064 shares of the stock in a transaction dated Tuesday, July 30th. The was disclosed in a filing with the SEC, which is available at this hyperlink. In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $101.02, for a total transaction of $37,882.50. Following the transaction, the director now directly 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 accessible through the SEC website. Also, insider Samantha Wellington 7,064 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The disclosure for this trade can be found here. Corporate insiders own 37.10% of the company’s stock.

TriNet Group Price Performance

TNET stock traded up $2.57 during trading on Tuesday, hitting $106.44. 375,057 shares of the stock traded hands, compared to its average volume of 285,076. The stock has a market cap of $5.38 billion, a price-to-earnings ratio of 17.03 and a beta of 1.19. TriNet Group, Inc. has a one year low of $96.76 and a one year high of $134.67. 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 company has a 50 day simple moving average of $104.08 and a 200 day simple moving average of $114.42.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Friday, April 26th. The business services provider reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.36). TriNet Group had a net margin of 6.29% and a return on equity of 427.62%. The business had revenue of $357.00 million for the quarter, compared to analyst estimates of $380.41 million. Equities analysts expect that TriNet Group, Inc. will post 4.82 EPS for the current fiscal year.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 1st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Monday, July 1st. TriNet Group’s payout ratio is presently 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.