Parametric Portfolio Associates LLC Decreases Holdings in TriNet Group, Inc. (TNET)

Parametric Portfolio Associates LLC trimmed its position in shares of TriNet Group, Inc. (NYSE:TNET) by 16.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,384 shares of the business services provider’s stock after selling 21,291 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.16% of TriNet Group worth $3,647,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TNET. Vanguard Group Inc. increased its position in shares of TriNet Group by 8.1% during the second quarter. Vanguard Group Inc. now owns 4,571,207 shares of the business services provider’s stock worth $149,661,000 after acquiring an additional 342,250 shares during the period. Dimensional Fund Advisors LP increased its position in shares of TriNet Group by 4.9% during the first quarter. Dimensional Fund Advisors LP now owns 950,762 shares of the business services provider’s stock worth $27,476,000 after acquiring an additional 44,115 shares during the period. FMR LLC increased its position in shares of TriNet Group by 58.7% during the second quarter. FMR LLC now owns 906,982 shares of the business services provider’s stock worth $29,695,000 after acquiring an additional 335,381 shares during the period. State Street Corp increased its position in shares of TriNet Group by 3.4% during the first quarter. State Street Corp now owns 790,852 shares of the business services provider’s stock worth $22,856,000 after acquiring an additional 25,824 shares during the period. Finally, Northern Trust Corp increased its position in shares of TriNet Group by 1.6% during the second quarter. Northern Trust Corp now owns 528,928 shares of the business services provider’s stock worth $17,316,000 after acquiring an additional 8,369 shares during the period. Institutional investors own 54.68% of the company’s stock.

TNET has been the topic of a number of recent research reports. BidaskClub lowered TriNet Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Morgan Stanley lowered TriNet Group from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $27.00 to $31.00 in a research report on Tuesday, August 22nd. Zacks Investment Research lowered TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 21st. Stifel Nicolaus reaffirmed a “buy” rating and set a $44.00 price objective (up previously from $37.00) on shares of TriNet Group in a research report on Tuesday, August 1st. Finally, J P Morgan Chase & Co lowered TriNet Group from a “neutral” rating to an “underweight” rating and upped their price objective for the stock from $33.00 to $36.00 in a research report on Thursday, August 17th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $37.40.

In other TriNet Group news, CEO Burton M. Goldfield sold 24,676 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $35.29, for a total value of $870,816.04. Following the transaction, the chief executive officer now owns 30,707 shares in the company, valued at approximately $1,083,650.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Wayne B. Lowell sold 20,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $39.15, for a total transaction of $783,000.00. The disclosure for this sale can be found here. Insiders sold a total of 352,983 shares of company stock worth $12,988,957 in the last quarter. 41.80% of the stock is currently owned by company insiders.

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TriNet Group, Inc. (NYSE TNET) opened at 34.23 on Tuesday. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 23.00 and a beta of 2.90. TriNet Group, Inc. has a 12-month low of $17.78 and a 12-month high of $41.58. The company has a 50-day moving average price of $34.32 and a 200 day moving average price of $33.34.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Monday, July 31st. The business services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.18. TriNet Group had a net margin of 3.33% and a return on equity of 201.15%. The firm had revenue of $201.01 million for the quarter, compared to analyst estimates of $168.27 million. During the same quarter in the previous year, the business posted $0.27 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that TriNet Group, Inc. will post $1.49 EPS for the current year.

TriNet Group Company Profile

TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as multi-state payroll processing and tax administration, employee benefits programs, including health insurance and retirement plans, workers’ compensation insurance and claims management, employment and benefit law compliance, and other services.

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Institutional Ownership by Quarter for TriNet Group (NYSE:TNET)

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