Caxton Associates LP purchased a new stake in shares of TriNet Group, Inc. (NYSE:TNET) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,500 shares of the business services provider’s stock, valued at approximately $387,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TNET. Cornerstone Capital Management Holdings LLC. boosted its holdings in TriNet Group by 67.7% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 123,900 shares of the business services provider’s stock valued at $4,164,000 after purchasing an additional 50,000 shares in the last quarter. Engineers Gate Manager LP boosted its holdings in TriNet Group by 56.4% during the third quarter. Engineers Gate Manager LP now owns 38,115 shares of the business services provider’s stock valued at $1,281,000 after purchasing an additional 13,745 shares in the last quarter. Cramer Rosenthal Mcglynn LLC boosted its holdings in TriNet Group by 70.6% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 965,930 shares of the business services provider’s stock valued at $32,475,000 after purchasing an additional 399,745 shares in the last quarter. OxFORD Asset Management LLP boosted its holdings in TriNet Group by 11.7% during the third quarter. OxFORD Asset Management LLP now owns 113,261 shares of the business services provider’s stock valued at $3,834,000 after purchasing an additional 11,894 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in TriNet Group by 9.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,119,615 shares of the business services provider’s stock valued at $37,644,000 after purchasing an additional 92,991 shares in the last quarter. Hedge funds and other institutional investors own 56.52% of the company’s stock.

In other TriNet Group news, CEO Burton M. Goldfield sold 2,694 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $33.94, for a total transaction of $91,434.36. Following the transaction, the chief executive officer now owns 31,225 shares of the company’s stock, valued at approximately $1,059,776.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Burton M. Goldfield sold 4,492 shares of the company’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $35.05, for a total value of $157,444.60. The disclosure for this sale can be found here. Insiders sold a total of 168,040 shares of company stock worth $6,673,294 over the last three months. 42.40% of the stock is owned by company insiders.

Shares of TriNet Group, Inc. (NYSE:TNET) traded down $0.42 on Friday, hitting $43.13. The stock had a trading volume of 315,800 shares, compared to its average volume of 302,239. The firm has a market cap of $3,026.08, a P/E ratio of 26.39 and a beta of 3.02. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.00. TriNet Group, Inc. has a fifty-two week low of $24.02 and a fifty-two week high of $45.11.

TriNet Group (NYSE:TNET) last announced its earnings results on Thursday, November 2nd. The business services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.26 by $0.30. The business had revenue of $205.90 million for the quarter, compared to the consensus estimate of $174.89 million. TriNet Group had a return on equity of 156.96% and a net margin of 4.15%. TriNet Group’s revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. sell-side analysts anticipate that TriNet Group, Inc. will post 1.77 EPS for the current fiscal year.

Several research analysts have recently commented on TNET shares. BidaskClub downgraded TriNet Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Morgan Stanley boosted their target price on TriNet Group from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, November 3rd. Zacks Investment Research raised TriNet Group from a “sell” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a report on Thursday, November 9th. Finally, J P Morgan Chase & Co downgraded TriNet Group from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $33.00 to $36.00 in a report on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.00.

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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.

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

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