William Blair Investment Management LLC Invests $15.88 Million in TriNet Group, Inc. (NYSE:TNET)

William Blair Investment Management LLC acquired a new position in shares of TriNet Group, Inc. (NYSE:TNET) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 174,893 shares of the business services provider’s stock, valued at approximately $15,875,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealthfront Advisers LLC acquired a new stake in TriNet Group in the 4th quarter valued at $456,581,000. Massachusetts Financial Services Co. MA increased its position in shares of TriNet Group by 32.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider’s stock valued at $156,018,000 after acquiring an additional 391,720 shares during the last quarter. Wellington Management Group LLP increased its position in shares of TriNet Group by 16.2% in the third quarter. Wellington Management Group LLP now owns 1,321,737 shares of the business services provider’s stock valued at $128,169,000 after acquiring an additional 184,186 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in TriNet Group by 41.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 550,404 shares of the business services provider’s stock worth $53,373,000 after acquiring an additional 162,578 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in TriNet Group by 4.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 493,836 shares of the business services provider’s stock valued at $44,825,000 after purchasing an additional 20,483 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Price Performance

Shares of NYSE TNET opened at $79.22 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. The business’s 50 day moving average price is $83.17 and its two-hundred day moving average price is $89.74. The company has a market cap of $3.92 billion, a PE ratio of 23.16 and a beta of 1.26. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $134.67.

TriNet Group (NYSE:TNET) last posted its earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The business had revenue of $252.00 million for the quarter, compared to analyst estimates of $225.72 million. On average, analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current year.

Insider Activity

In related news, Director Paul Edward Chamberlain sold 600 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the sale, the director now directly owns 36,991 shares in the company, valued at $2,565,695.76. The trade was a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $94,607.04. Following the transaction, the chief technology officer now owns 19,867 shares in the company, valued at $1,377,975.12. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,748 shares of company stock valued at $833,436 over the last ninety days. 37.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th.

TriNet Group Company Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. 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 benefits law compliance; and other HR related services.