Paul Edward Chamberlain Sells 600 Shares of TriNet Group, Inc. (NYSE:TNET) Stock

TriNet Group, Inc. (NYSE:TNET) Director Paul Edward Chamberlain sold 600 shares of TriNet Group 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 approximately $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 at this link.

TriNet Group Stock Up 0.7 %

Shares of TNET opened at $73.71 on Friday. The company has a market capitalization of $3.65 billion, a P/E ratio of 21.55 and a beta of 1.21. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. TriNet Group, Inc. has a one year low of $65.43 and a one year high of $134.67. The business’s 50 day simple moving average is $87.15 and its 200-day simple moving average is $91.92.

TriNet Group (NYSE:TNET) last announced its earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $225.72 million. As a group, sell-side analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date was Thursday, January 2nd. TriNet Group’s dividend payout ratio (DPR) is presently 29.24%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Creative Planning raised its position in shares of TriNet Group by 25.3% during the 3rd quarter. Creative Planning now owns 4,456 shares of the business services provider’s stock valued at $432,000 after acquiring an additional 899 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in TriNet Group by 5.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 33,743 shares of the business services provider’s stock worth $3,200,000 after purchasing an additional 1,700 shares during the period. US Bancorp DE boosted its stake in TriNet Group by 9,893.1% in the 3rd quarter. US Bancorp DE now owns 7,195 shares of the business services provider’s stock worth $698,000 after purchasing an additional 7,123 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of TriNet Group by 7,191.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,375 shares of the business services provider’s stock worth $424,000 after buying an additional 4,315 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of TriNet Group by 108.1% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 19,646 shares of the business services provider’s stock worth $1,905,000 after buying an additional 10,207 shares during the last quarter. Institutional investors own 96.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TNET. TD Cowen lowered shares of TriNet Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of TriNet Group in a research note on Friday, February 14th.

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.