TriNet Group, Inc. (NYSE:TNET) CTO Sells $94,607.04 in Stock

TriNet Group, Inc. (NYSE:TNET) 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 transaction of $94,607.04. Following the completion of the sale, the chief technology officer now owns 19,867 shares in the company, valued at approximately $1,377,975.12. This trade represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Jeffery Jon Hayward also recently made the following trade(s):

• On Monday, January 13th, Jeffery Jon Hayward sold 7,784 shares of TriNet Group stock. The stock was sold at an average price of $89.57, for a total value of $697,212.88.
• On Friday, November 29th, Jeffery Jon Hayward sold 2,345 shares of TriNet Group stock. The stock was sold at an average price of $93.03, for a total transaction of $218,155.35.

TriNet Group Stock Up 2.1 %

TNET traded up $1.52 during trading on Thursday, reaching $73.02. 611,092 shares of the stock were exchanged, compared to its average volume of 417,466. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50 day moving average price is $87.79 and its two-hundred day moving average price is $92.19. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $134.67. The stock has a market cap of $3.62 billion, a P/E ratio of 21.35 and a beta of 1.21.

TriNet Group (NYSE:TNET) last released 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 for the quarter, compared to analyst estimates of $225.72 million. Equities analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. TriNet Group’s payout ratio is 29.24%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. TD Private Client Wealth LLC raised its position 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 purchasing an additional 121 shares during the period. Avion Wealth boosted its holdings in shares of TriNet Group by 14.9% during the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock worth $98,000 after acquiring an additional 140 shares during the period. Summit Investment Advisors Inc. grew its position in shares of TriNet Group by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,344 shares of the business services provider’s stock valued at $304,000 after purchasing an additional 149 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of TriNet Group by 3.4% during the third quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider’s stock worth $499,000 after purchasing an additional 169 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its stake in TriNet Group by 2.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,731 shares of the business services provider’s stock valued at $702,000 after purchasing an additional 196 shares during the period. 96.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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