TriNet Group, Inc. (NYSE:TNET) Holdings raised by the Swiss National Bank


The Swiss National Bank increased its holdings of shares in TriNet Group, Inc. (NYSE: TNET – Get Rating) by 6.8% in the first quarter, according to its most recent Form 13F filed with the Securities and Exchange Commission. The institutional investor held 93,200 shares of the business services provider after buying an additional 5,900 shares during the quarter. The Swiss National Bank held 0.15% of TriNet Group worth $9,167,000 when it last filed with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also changed their stakes in the company. Cantillon Capital Management LLC increased its holdings of TriNet Group shares by 2.8% in the first quarter. Cantillon Capital Management LLC now owns 3,593,304 shares of the business services provider valued at $353,438,000 after buying an additional 98,408 shares last quarter. Mawer Investment Management Ltd. increased its stake in TriNet Group by 1.0% in the first quarter. Mawer Investment Management Ltd. now owns 2,589,089 shares of the business services provider valued at $254,663,000 after purchasing an additional 25,796 shares in the last quarter. Dimensional Fund Advisors LP increased its position in TriNet Group by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,241,967 shares of the business services provider worth $118,310,000 after buying 9,178 additional shares in the last quarter. Geode Capital Management LLC increased its stake in TriNet Group shares by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 726,557 shares of the business services provider worth $69,211,000 after purchasing an additional 18,533 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in TriNet Group shares by 0.7% during the 4th quarter. Nuveen Asset Management LLC now owns 485,124 shares of the business services provider valued at $46,213,000 after buying 3,277 additional shares in the last quarter. Hedge funds and other institutional investors own 96.56% of the company’s shares.

Analyst upgrades and downgrades

TNET has been the subject of several recent research reports. StockNews.com downgraded shares of TriNet Group from a “strong buy” rating to a “buy” rating in a Wednesday, July 27 research report. JPMorgan Chase & Co. downgraded shares of TriNet Group from a ‘neutral’ rating to an ‘underweight’ rating and raised its price target for the company from $89.00 to $96.00 in a report research on Tuesday.

TriNet Group Price Performance

Shares of TNET opened at $89.52 on Friday. The company has a market capitalization of $5.56 billion, a PE ratio of 15.57 and a beta of 1.21. The company’s 50-day moving average price is $80.45 and its 200-day moving average price is $85.01. The company has a debt ratio of 0.65, a quick ratio of 1.24 and a current ratio of 1.24. TriNet Group, Inc. has a 12-month low of $69.16 and a 12-month high of $109.40.

TriNet Group (NYSE:TNET – Get Rating) last reported quarterly results on Tuesday, July 26. The business services provider reported EPS of $1.49 for the quarter, beating the consensus estimate of $0.95 by $0.54. TriNet Group had a return on equity of 49.91% and a net margin of 7.86%. The company posted revenue of $348.00 million for the quarter, versus a consensus estimate of $299.68 million. As a group, research analysts expect TriNet Group, Inc. to post EPS of 5.31 for the current fiscal year.

Insider buying and selling at TriNet Group

In other TriNet Group news, Director Martin Babinec sold 2,576 shares in a trade that took place on Tuesday, May 24. The stock was sold at an average price of $75.37, for a total transaction of $194,153.12. As a result of the transaction, the administrator now owns 2,099 shares of the company, valued at $158,201.63. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Separately, director H Raymond Bingham sold 415 shares of the company in a trade on Wednesday, June 15. The shares were sold at an average price of $74.40, for a total value of $30,876.00. Following the sale, the administrator now owns 85,419 shares of the company, valued at $6,355,173.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Additionally, director Martin Babinec sold 2,576 shares of the company in a trade on Tuesday, May 24. The stock was sold at an average price of $75.37, for a total transaction of $194,153.12. Following the completion of the sale, the administrator now owns 2,099 shares of the company, valued at approximately $158,201.63. The disclosure of this sale can be found here. Insiders sold a total of 16,392 shares of the company worth $1,282,108 in the past 90 days. Insiders hold 40.60% of the shares of the company.

TriNet Group Company Profile

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TriNet Group, Inc provides human resources (HR) solutions, payroll services, employee benefits and employment risk mitigation services for small and medium-sized businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefit programs, including health insurance and pension plans; workers’ compensation insurance and claims management; compliance with employment and benefits laws; and other human resource related services.

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Institutional ownership by quarter for TriNet Group (NYSE:TNET)



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