Inspire Investing LLC makes new investment in TriNet Group, Inc. (NYSE:TNET)


Inspire Investing LLC bought a new position in shares of TriNet Group, Inc. (NYSE:TNET – Get Rating ) during the first quarter, HoldingsChannel reports. The fund purchased 2,386 shares of the business services provider’s stock, valued at approximately $235,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TNET. PrairieView Partners LLC acquired a new position in shares of TriNet Group during the fourth quarter valued at $59,000. Nisa Investment Advisors LLC lifted its holdings in shares of TriNet Group by 72.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 950 shares of the business services provider’s stock worth $81,000 after purchasing an additional 400 shares during the period. Van ECK Associates Corp acquired a new position in shares of TriNet Group during the fourth quarter valued at $88,000. Advisor Group Holdings Inc. raised its holdings in shares of TriNet Group by 12.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 1,115 shares of the business services provider’s stock worth $106,000 after buying an additional 127 shares during the period. Finally, Xponance Inc. acquired a new position in shares of TriNet Group during the first quarter valued at $204,000. 96.56% of the shares are currently owned by hedge funds and other institutional investors.

In related news, Director Ralph A. Clark bought 600 shares of the firm’s stock in a transaction on Friday, May 13th. The stock was bought at an average cost of $80.16 per share, for a total value of $48,096.00. Following the completion of the purchase, the director now owns 5,934 shares in the company, valued at approximately $475,669.44. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC’s website. Also, CEO Burton M. Goldfield sold 2,000 shares of TriNet Group stock in a transaction on Monday, April 25th. The shares were sold at an average price of $91.87, for a total transaction of $183,740.00. Following the completion of the sale, the chief executive officer now directly owns 230,959 shares of the company’s stock, valued at $21,218,203.33. Disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,951 shares of company stock valued at $3,198,945. Insiders own 40.60% of the company’s stock.

Shares of TNET stock opened at $80.84 on Friday. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 14.01 and a beta of 1.24. The company has a quick ratio of 1.17, a current ratio of 1.17, and a debt-to-equity ratio of 0.71. TriNet Group, Inc. it has a 12-month low of $69.16 and a 12-month high of $109.40. The company’s fifty day simple moving average is $78.12 and its 200 day simple moving average is $86.13.

TriNet Group (NYSE:TNET – Get Rating ) last issued its earnings results on Tuesday, April 26th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.51. The business had revenue of $395.00 million for the quarter, compared to analyst estimates of $348.78 million. TriNet Group had a net margin of 8.15% and a return on equity of 50.20%. During the same quarter a year ago, the business earned $1.52 per share. Research analysts expect that TriNet Group, Inc. will post 4.44 earnings per share for the current year.

Separately, StockNews.com upgraded shares of TriNet Group from a “buy” rating to a “strong-buy” rating in a report on Saturday.

TriNet Group Company Profile (Get rating)

TriNet Group, Inc. provides human resources (HR) solutions, payroll services, employee benefits and employment risk mitigation services to 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 retirement plans; workers’ compensation insurance and claims management; compliance with employment and benefits law; and other HR related services.

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



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