Short Interest in TriNet Group, Inc. (NYSE:TNET) Decreases By 17.9%

TriNet Group, Inc. (NYSE:TNET) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 1,470,000 shares, a decrease of 17.9% from the February 13th total of 1,790,000 shares. Approximately 3.1% of the shares of the stock are sold short. Based on an average daily volume of 412,700 shares, the days-to-cover ratio is presently 3.6 days.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TNET shares. Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen cut shares of TriNet Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $104.00 to $74.00 in a research report on Tuesday, February 18th.

Insider Buying and Selling

In related news, Director Paul Edward Chamberlain sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $41,616.00. Following the completion of the transaction, the director now directly owns 36,991 shares in the company, valued at $2,565,695.76. This represents a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $94,607.04. Following the transaction, the chief technology officer now owns 19,867 shares of the company’s stock, valued at approximately $1,377,975.12. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,748 shares of company stock worth $833,436 in the last three months. 37.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TriNet Group

Several large investors have recently modified their holdings of the company. TD Private Client Wealth LLC lifted its stake in shares of TriNet Group by 25.5% in the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after buying an additional 121 shares in the last quarter. LRI Investments LLC lifted its stake in shares of TriNet Group by 643.8% in the fourth quarter. LRI Investments LLC now owns 662 shares of the business services provider’s stock valued at $60,000 after buying an additional 573 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock valued at $71,000 after buying an additional 240 shares in the last quarter. KBC Group NV lifted its stake in shares of TriNet Group by 26.5% in the third quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after buying an additional 199 shares in the last quarter. Finally, Avion Wealth lifted its stake in shares of TriNet Group by 14.9% in the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock valued at $98,000 after buying an additional 140 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Trading Down 0.5 %

NYSE TNET traded down $0.41 on Wednesday, hitting $79.22. The company’s stock had a trading volume of 479,977 shares, compared to its average volume of 333,373. TriNet Group has a 1-year low of $65.43 and a 1-year high of $134.67. 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 company’s 50-day moving average is $83.39 and its 200 day moving average is $89.82. The firm has a market cap of $3.92 billion, a PE ratio of 23.16 and a beta of 1.26.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. The company had revenue of $252.00 million during the quarter, compared to analysts’ expectations of $225.72 million. As a group, analysts predict that TriNet Group will post 3.04 earnings per share for the current fiscal year.

About TriNet Group

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.