Inceptionr LLC Invests $538,000 in TriNet Group, Inc. (NYSE:TNET)

Inceptionr LLC purchased a new position in TriNet Group, Inc. (NYSE:TNET) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 4,526 shares of the business services provider’s stock, valued at approximately $538,000.

Other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its stake in shares of TriNet Group by 11.1% during 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 in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in TriNet Group by 2.7% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 871,125 shares of the business services provider’s stock valued at $101,469,000 after buying an additional 23,194 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in TriNet Group by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 812,990 shares of the business services provider’s stock valued at $96,690,000 after buying an additional 37,851 shares during the last quarter. Royal London Asset Management Ltd. boosted its holdings in TriNet Group by 2.1% in the third quarter. Royal London Asset Management Ltd. now owns 239,604 shares of the business services provider’s stock worth $27,920,000 after acquiring an additional 4,914 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of TriNet Group by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 181,542 shares of the business services provider’s stock worth $21,146,000 after acquiring an additional 1,907 shares during the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TriNet Group

In other news, Director Wayne B. Lowell sold 10,000 shares of TriNet Group stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $122.22, for a total value of $1,222,200.00. Following the completion of the transaction, the director now owns 84,766 shares in the company, valued at approximately $10,360,100.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $101.02, for a total transaction of $37,882.50. Following the transaction, the director now owns 36,341 shares in the company, valued at $3,671,167.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Wayne B. Lowell sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $122.22, for a total transaction of $1,222,200.00. Following the completion of the sale, the director now directly owns 84,766 shares of the company’s stock, valued at $10,360,100.52. The disclosure for this sale can be found here. Insiders have sold a total of 31,427 shares of company stock valued at $3,875,024 over the last 90 days. 37.10% of the stock is owned by corporate insiders.

TriNet Group Price Performance

TNET traded up $1.23 during trading on Friday, hitting $104.42. 39,937 shares of the company traded hands, compared to its average volume of 241,004. 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 market cap of $5.28 billion, a PE ratio of 16.92 and a beta of 1.16. The stock’s 50-day simple moving average is $121.65 and its two-hundred day simple moving average is $118.25. TriNet Group, Inc. has a 1 year low of $87.20 and a 1 year high of $134.67.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.46. TriNet Group had a return on equity of 124.38% and a net margin of 6.78%. The business had revenue of $326.00 million for the quarter, compared to the consensus estimate of $300.36 million. As a group, sell-side analysts anticipate that TriNet Group, Inc. will post 4.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on TNET. StockNews.com downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Needham & Company LLC reduced their price target on shares of TriNet Group from $150.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, April 26th. TD Cowen raised their target price 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. Finally, Stifel Nicolaus boosted their target price on shares of TriNet Group from $117.00 to $121.00 and gave the company a “buy” rating in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $117.50.

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.