Cantillon Capital Management LLC raised its position in TriNet Group Inc (NYSE:TNET) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,260,116 shares of the business services provider’s stock after buying an additional 27,498 shares during the period. TriNet Group accounts for about 2.2% of Cantillon Capital Management LLC’s investment portfolio, making the stock its 23rd biggest position. Cantillon Capital Management LLC owned 6.05% of TriNet Group worth $178,712,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in shares of TriNet Group in the third quarter worth about $385,000. BlueMountain Capital Management LLC raised its stake in shares of TriNet Group by 35.5% during the third quarter. BlueMountain Capital Management LLC now owns 13,734 shares of the business services provider’s stock worth $773,000 after buying an additional 3,600 shares during the last quarter. Matarin Capital Management LLC bought a new stake in shares of TriNet Group during the third quarter worth approximately $9,537,000. Vanguard Group Inc raised its stake in shares of TriNet Group by 1.4% during the third quarter. Vanguard Group Inc now owns 5,282,898 shares of the business services provider’s stock worth $297,532,000 after buying an additional 72,091 shares during the last quarter. Finally, Chicago Equity Partners LLC raised its stake in shares of TriNet Group by 2.9% during the third quarter. Chicago Equity Partners LLC now owns 258,365 shares of the business services provider’s stock worth $14,551,000 after buying an additional 7,270 shares during the last quarter. Hedge funds and other institutional investors own 85.00% of the company’s stock.
In other TriNet Group news, Director Martin Babinec sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $42.29, for a total value of $1,268,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael P. Murphy sold 689 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $45.00, for a total transaction of $31,005.00. Following the completion of the sale, the insider now directly owns 24,730 shares of the company’s stock, valued at approximately $1,112,850. The disclosure for this sale can be found here. Over the last three months, insiders have sold 164,175 shares of company stock valued at $7,231,523. 38.90% of the stock is currently owned by insiders.
TNET opened at $45.97 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.13. The company has a market cap of $3.24 billion, a P/E ratio of 26.73 and a beta of 2.05. TriNet Group Inc has a fifty-two week low of $38.26 and a fifty-two week high of $60.15.
A number of research firms recently weighed in on TNET. ValuEngine raised shares of TriNet Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Credit Suisse Group set a $54.00 price target on shares of TriNet Group and gave the stock a “hold” rating in a research note on Tuesday, October 30th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $56.75.
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TriNet Group Company Profile
TriNet Group, Inc provides human resources solutions for small and midsize businesses in the United States and Canada. 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 benefit law compliance; and other services.
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