Mawer Investment Management Ltd. Has $310.22 Million Holdings in TriNet Group, Inc. (NYSE:TNET)

Mawer Investment Management Ltd. decreased its position in shares of TriNet Group, Inc. (NYSE:TNET) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,417,686 shares of the business services provider’s stock after selling 235,911 shares during the quarter. TriNet Group comprises approximately 1.4% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 21st largest position. Mawer Investment Management Ltd. owned approximately 6.89% of TriNet Group worth $310,223,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TD Private Client Wealth LLC boosted its position in shares of 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 valued at $58,000 after purchasing an additional 121 shares in the last quarter. IFP Advisors Inc lifted its stake in TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock valued at $71,000 after buying an additional 240 shares during the period. Avion Wealth boosted its holdings in shares of TriNet Group by 14.9% during the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock worth $98,000 after buying an additional 140 shares in the last quarter. KBC Group NV grew its position in shares of TriNet Group by 43.7% during the 4th quarter. KBC Group NV now owns 1,365 shares of the business services provider’s stock worth $124,000 after buying an additional 415 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of TriNet Group by 118.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 785 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Price Performance

Shares of TNET opened at $79.04 on Friday. The business’s fifty day moving average is $81.44 and its 200 day moving average is $88.85. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $134.67. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. The stock has a market cap of $3.91 billion, a P/E ratio of 23.11 and a beta of 1.26.

TriNet Group (NYSE:TNET) last released its quarterly earnings data 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. The firm had revenue of $252.00 million for the quarter, compared to analyst estimates of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. Sell-side analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.275 per share. This is a positive change from TriNet Group’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Tuesday, April 1st. TriNet Group’s payout ratio is currently 32.16%.

Insider Transactions at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 7,784 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $89.57, for a total value of $697,212.88. Following the completion of the sale, the chief technology officer now owns 21,769 shares in the company, valued at approximately $1,949,849.33. This trade represents a 26.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was 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 in the company, valued at $2,565,695.76. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,748 shares of company stock valued at $833,436 over the last ninety days. 37.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. TD Cowen cut shares of TriNet Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th. Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a research note on Thursday, March 13th.

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.