Schwab Charles Investment Management Inc. lessened its holdings in TriNet Group, Inc. (NYSE:TNET) by 8.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 342,689 shares of the business services provider’s stock after selling 31,792 shares during the period. Schwab Charles Investment Management Inc. owned about 0.50% of TriNet Group worth $11,220,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new position in TriNet Group in the first quarter valued at about $434,000. Bank of America Corp DE grew its position in TriNet Group by 21.2% in the first quarter. Bank of America Corp DE now owns 213,234 shares of the business services provider’s stock valued at $6,162,000 after acquiring an additional 37,295 shares during the last quarter. Russell Investments Group Ltd. grew its position in TriNet Group by 14.0% in the second quarter. Russell Investments Group Ltd. now owns 35,587 shares of the business services provider’s stock valued at $1,165,000 after acquiring an additional 4,368 shares during the last quarter. Globeflex Capital L P bought a new position in TriNet Group in the first quarter valued at about $409,000. Finally, Swiss National Bank grew its position in TriNet Group by 3.1% in the first quarter. Swiss National Bank now owns 69,300 shares of the business services provider’s stock valued at $2,003,000 after acquiring an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 54.58% of the company’s stock.

In other news, CEO Burton M. Goldfield sold 13,317 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $32.91, for a total transaction of $438,262.47. Following the transaction, the chief executive officer now directly owns 31,225 shares in the company, valued at approximately $1,027,614.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director H Raymond Bingham sold 5,000 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $32.78, for a total value of $163,900.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $163,900. The disclosure for this sale can be found here. Insiders have sold a total of 393,487 shares of company stock worth $14,279,345 over the last quarter. Corporate insiders own 42.40% of the company’s stock.

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Shares of TriNet Group, Inc. (NYSE TNET) opened at 33.62 on Friday. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 22.59 and a beta of 2.94. TriNet Group, Inc. has a 52 week low of $17.78 and a 52 week high of $41.58. The stock’s 50 day moving average price is $36.35 and its 200-day moving average price is $32.18.

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

A number of research analysts have issued reports on the company. Zacks Investment Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 21st. BidaskClub cut TriNet Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Morgan Stanley cut TriNet Group from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $27.00 to $31.00 in a research report on Tuesday, August 22nd. J P Morgan Chase & Co cut TriNet Group from a “neutral” rating to an “underweight” rating and lifted their target price for the company from $33.00 to $36.00 in a research report on Thursday, August 17th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 target price (up previously from $37.00) on shares of TriNet Group in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $37.40.

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.

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

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