TriNet Group, Inc. (TNET) Holdings Boosted by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. raised its position in TriNet Group, Inc. (NYSE:TNET) by 67.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,900 shares of the business services provider’s stock after buying an additional 50,000 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.18% of TriNet Group worth $4,164,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its position in shares of TriNet Group by 14.0% during the second quarter. Russell Investments Group Ltd. now owns 35,587 shares of the business services provider’s stock worth $1,165,000 after purchasing an additional 4,368 shares in the last quarter. Cigna Investments Inc. New acquired a new position in shares of TriNet Group during the second quarter worth approximately $326,000. Pitcairn Co. acquired a new position in shares of TriNet Group during the second quarter worth approximately $201,000. SG Americas Securities LLC acquired a new position in shares of TriNet Group during the second quarter worth approximately $194,000. Finally, Alps Advisors Inc. lifted its position 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 worth $537,000 after purchasing an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 56.52% of the company’s stock.

In related news, CEO Burton M. Goldfield sold 2,694 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $33.94, for a total value of $91,434.36. Following the transaction, the chief executive officer now directly owns 31,225 shares in the company, valued at $1,059,776.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Burton M. Goldfield sold 4,492 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $35.05, for a total transaction of $157,444.60. The disclosure for this sale can be found here. Insiders sold 168,040 shares of company stock worth $6,673,294 over the last 90 days. 42.40% of the stock is currently owned by company insiders.

A number of equities analysts have recently issued reports on TNET shares. Morgan Stanley lowered shares of TriNet Group from an “equal weight” rating to an “underweight” rating and upped their target price for the stock from $27.00 to $31.00 in a research report on Tuesday, August 22nd. BidaskClub lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Thursday, September 14th. Finally, Zacks Investment Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. TriNet Group presently has a consensus rating of “Hold” and a consensus target price of $38.00.

Shares of TriNet Group, Inc. (TNET) traded up $0.25 during midday trading on Friday, reaching $43.40. 453,035 shares of the company traded hands, compared to its average volume of 476,732. TriNet Group, Inc. has a fifty-two week low of $24.09 and a fifty-two week high of $45.11. The firm has a market capitalization of $3,020.00, a price-to-earnings ratio of 26.30 and a beta of 3.01. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.18 and a quick ratio of 1.18.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.30. TriNet Group had a net margin of 4.15% and a return on equity of 156.96%. The business had revenue of $205.90 million for the quarter, compared to analyst estimates of $174.89 million. During the same period in the prior year, the business posted $0.29 earnings per share. TriNet Group’s revenue was up 27.9% compared to the same quarter last year. equities research analysts anticipate that TriNet Group, Inc. will post 1.77 earnings per share for the current fiscal year.

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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.

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

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