Reinhart Partners Inc. Has $11.36 Million Holdings in TriNet Group Inc (NYSE:TNET)

Reinhart Partners Inc. cut its holdings in TriNet Group Inc (NYSE:TNET) by 3.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 182,680 shares of the business services provider’s stock after selling 5,675 shares during the period. Reinhart Partners Inc. owned about 0.26% of TriNet Group worth $11,361,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Mackay Shields LLC acquired a new stake in TriNet Group in the 3rd quarter worth about $2,743,000. ARP Americas LP lifted its holdings in shares of TriNet Group by 291.9% during the 3rd quarter. ARP Americas LP now owns 14,500 shares of the business services provider’s stock valued at $902,000 after acquiring an additional 10,800 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of TriNet Group by 170.5% during the 3rd quarter. California Public Employees Retirement System now owns 105,681 shares of the business services provider’s stock valued at $6,572,000 after acquiring an additional 66,607 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of TriNet Group during the 3rd quarter valued at $1,243,000. Finally, James Investment Research Inc. lifted its holdings in shares of TriNet Group by 5.4% during the 3rd quarter. James Investment Research Inc. now owns 30,210 shares of the business services provider’s stock valued at $1,879,000 after acquiring an additional 1,547 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.

TNET stock traded up $0.58 during trading on Friday, hitting $53.98. The company had a trading volume of 390,702 shares, compared to its average volume of 362,856. The stock has a market cap of $3.68 billion, a PE ratio of 21.00 and a beta of 1.80. TriNet Group Inc has a one year low of $38.74 and a one year high of $76.92. The business has a 50-day moving average of $57.97 and a 200-day moving average of $64.68. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.79.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. The firm had revenue of $221.00 million for the quarter, compared to analysts’ expectations of $226.76 million. TriNet Group had a return on equity of 44.11% and a net margin of 5.14%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 EPS. Research analysts forecast that TriNet Group Inc will post 2.92 EPS for the current year.

Several research analysts have weighed in on the stock. Berenberg Bank assumed coverage on shares of TriNet Group in a research note on Friday, September 13th. They issued a “buy” rating and a $80.00 price objective on the stock. ValuEngine cut shares of TriNet Group from a “sell” rating to a “strong sell” rating in a research report on Monday, November 4th. William Blair reissued an “outperform” rating on shares of TriNet Group in a research report on Friday, October 25th. Zacks Investment Research cut shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. Finally, Credit Suisse Group set a $52.00 target price on shares of TriNet Group and gave the company a “hold” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $64.16.

In related news, Director L.P. Agi-T purchased 70,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were acquired at an average cost of $52.92 per share, with a total value of $3,704,400.00. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Paul Edward Chamberlain sold 700 shares of TriNet Group stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $58.26, for a total value of $40,782.00. Following the completion of the transaction, the director now directly owns 28,143 shares in the company, valued at $1,639,611.18. The disclosure for this sale can be found here. In the last quarter, insiders have bought 507,545 shares of company stock valued at $26,419,781 and have sold 77,416 shares valued at $4,795,830. 37.00% of the stock is currently owned by corporate insiders.

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

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