William Blair Investment Management LLC Invests $15.88 Million in TriNet Group, Inc. (NYSE:TNET)

William Blair Investment Management LLC bought a new position in TriNet Group, Inc. (NYSE:TNET) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 174,893 shares of the business services provider’s stock, valued at approximately $15,875,000. William Blair Investment Management LLC owned about 0.35% of TriNet Group as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TNET. TD Private Client Wealth LLC lifted its position in TriNet Group by 25.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock worth $58,000 after buying an additional 121 shares in the last quarter. Avion Wealth lifted its position in shares of TriNet Group by 14.9% during the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock worth $98,000 after purchasing an additional 140 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of TriNet Group by 3.4% during the third quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider’s stock worth $499,000 after purchasing an additional 169 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in shares of TriNet Group by 2.6% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,731 shares of the business services provider’s stock valued at $702,000 after purchasing an additional 196 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of TriNet Group by 26.5% in the third quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after purchasing an additional 199 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

Insider Buying and Selling at TriNet Group

In other news, Director Paul Edward Chamberlain sold 600 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the transaction, the director now owns 36,991 shares of the company’s stock, valued at $2,565,695.76. The trade was a 1.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Jeffery Jon Hayward sold 7,784 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $89.57, for a total value of $697,212.88. Following the sale, the chief technology officer now directly owns 21,769 shares in the company, valued at $1,949,849.33. The trade was a 26.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,748 shares of company stock valued at $833,436. 37.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TNET. TD Cowen lowered TriNet Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $104.00 to $74.00 in a research report on Tuesday, February 18th. Needham & Company LLC reiterated a “hold” rating on shares of TriNet Group in a report on Thursday, March 13th.

TriNet Group Trading Down 0.5 %

Shares of NYSE TNET opened at $79.22 on Thursday. TriNet Group, Inc. has a fifty-two week low of $65.43 and a fifty-two week high of $134.67. The firm has a market capitalization of $3.92 billion, a P/E ratio of 23.16 and a beta of 1.26. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The company’s 50 day simple moving average is $83.17 and its 200 day simple moving average is $89.74.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The company had revenue of $252.00 million for the quarter, compared to the consensus estimate of $225.72 million. On average, analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current year.

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.