Cornerstone Capital Management Holdings LLC. bought a new stake in TriNet Group, Inc. (NYSE:TNET) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 73,900 shares of the business services provider’s stock, valued at approximately $2,418,000. Cornerstone Capital Management Holdings LLC. owned about 0.11% of TriNet Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TNET. Alps Advisors Inc. boosted its stake in shares of TriNet Group by 0.3% during the second quarter. Alps Advisors Inc. now owns 16,389 shares of the business services provider’s stock valued at $537,000 after acquiring an additional 43 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of TriNet Group by 13.3% during the first quarter. Envestnet Asset Management Inc. now owns 4,101 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 483 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of TriNet Group by 0.7% during the second quarter. PNC Financial Services Group Inc. now owns 108,778 shares of the business services provider’s stock valued at $3,562,000 after acquiring an additional 716 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of TriNet Group by 18.6% during the first quarter. Victory Capital Management Inc. now owns 4,604 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 723 shares during the last quarter. Finally, American International Group Inc. boosted its stake in shares of TriNet Group by 7.1% during the first quarter. American International Group Inc. now owns 25,946 shares of the business services provider’s stock valued at $750,000 after acquiring an additional 1,717 shares during the last quarter. 54.58% of the stock is currently owned by institutional investors.

A number of analysts recently commented on the company. BidaskClub raised TriNet Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. Zacks Investment Research lowered TriNet Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Morgan Stanley lowered TriNet Group from an “equal weight” rating to an “underweight” rating and increased their price objective for the company from $27.00 to $31.00 in a research note on Tuesday, August 22nd. J P Morgan Chase & Co lowered TriNet Group from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $33.00 to $36.00 in a research note on Thursday, August 17th. Finally, 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 note on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $37.40.

TriNet Group, Inc. (TNET) opened at 33.87 on Wednesday. TriNet Group, Inc. has a 12-month low of $17.78 and a 12-month high of $41.58. The stock has a market capitalization of $2.35 billion, a P/E ratio of 22.76 and a beta of 2.89. The stock has a 50 day moving average price of $34.59 and a 200-day moving average price of $32.85.

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

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In other TriNet Group news, CEO Burton M. Goldfield sold 2,694 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $33.94, for a total value of $91,434.36. Following the transaction, the chief executive officer now owns 31,225 shares in the company, valued at $1,059,776.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director H Raymond Bingham sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $39.53, for a total value of $197,650.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at approximately $197,650. The disclosure for this sale can be found here. Insiders sold 344,666 shares of company stock worth $12,734,095 in the last 90 days. Corporate insiders own 41.80% of the company’s stock.

TriNet Group 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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